https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.reddit.com%2Fr%2Faviat...
Bitcoin spends as much electricity as a medium-sized industrial nation,
As you well know, the environmental footprint of electrical generation varies wildly depending on many factors so simply ranking gross usage vs all nations is of limited explanatory use beyond shock value. Having said that. If Bitcoin were a nation it would have greater renewables adoption than most other nations.
You still believe in Santa Claus too, don't you? Bitcoin is wasteful by design. It's the only thing we've ever built were wasting energy and other resources like rare earth materials is not an unfortunate byproduct but a deliberate design feature. Yes, it's that fucking stupid. Bitcoin is one of those things that make me believe that we are not going to make it as a species. If humans are really that stupid, we are doomed.
A blockchain design with too high a TPS creates incentives that lead to a bloated centralised blockchain. Satoshi chose the block capacity and frequency wisely and for this reason it still is and will continue to be very easy for individuals to operate a full Bitcoin node that stores the entire blockchain history. And of course, we can't forget the practically infinite TPS that is possible just 1 layer up from Bitcoins blockchain bedrock. Lightning is just one of many layers operating on top of the worlds most secure distributed monetary system. The TPS argument is such a nothing burger.
Everything you said is false and you know it. Satoshi designed bitcoin as a peer to peer cash system. It's in the fucking title of the whitepaper. You know, cash, the thing that is used to pay actual stuff in the real world? Probably billions of transactions per day? And let me tell you a secret about lightning: it does not solve any of the problems you claim it solves.
Granted there isn't 1 metric that definitively tracks user numbers but accounts on exchanges, active addresses, regional popularity, nation state adoption and derivative financial instruments indicate a trend of growing adoption for a increasing variety of use cases.
People on exchanges are not buying/selling bitcoin. "Use cases"! Hahahaha!!! Good one.
Yeah, it's just little mom and pop companies like Blackrock that are onboarding people to Bitcoin now.
If the guys involved in fossil fuels, weapons, and human rights violations are in, then adoption surely is imminent!
Yeah it is. You should check your financial privilege. Not everyone has the same access to reliable banking institutions. People are turning to Bitcoin when local institutions are failing them.
You don't have a clue what you are talking about. Bitcoin is not "money". When someone gives you some bitcoin, you still have to convert it to real money. How are those "unbanked" people going to do that, you think?
Oh no, people in my imagination are benefiting from a new technology.
You keep the jokes coming! Hahaha, "new"!!! Hahahahahaha, "technology"!!! Oh, you were being serious?!
They don't see "real value" in the "asset". They see fools buying it for whatever price it goes. They see profit in their pockets.
You should spend some time here: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fioradio.org%2Fi%2Fcrypto-t..., you apparently haven't noticed that the rest of the world sees right through your tired arguments.
Bitcoin spends as much electricity as a medium-sized industrial nation, for a grand total of 7 transactions per second. It's not used in any meaningful way by "millions" of people. It's not being adopted by big businesses at any scale. It's not "banking the unbanked", nor is it a "financial life raft" for anyone except a few lucky ones that got in early.
We limit emissions by banning things that are wasteful. Bitcoin should be banned. Period.
Also, fuck you.
My comment was on the statement that speed is not important "at all" and that the German autobahn proves that. That is complete rubbish.
Driver education is important too. Of course.
But if you've ever been overtaken on the German autobahn by an idiot flying over 300 km/h, you'd agree with me that such speeds are not safe at all, never.
Exactly. I am baffled by arguments that make it sound as if car drivers bear no responsibility for their actions, or even as if they have no agency.
Even the word "accident" when describing a car crash implies that the event was unavoidable and that no-one is to blame.
That is complete rubbish.
There was a recent debate about this in Germany, when a government commission recommended a 130 km/h speed limit to cut transport sector emissions. Transport Minister Andreas Scheuer dismissed the idea as unrealistic and contrary to common sense, claiming German motorways are the safest worldwide.
Germany ranks tenth in Europe for motorway safety, with a death risk about twice that of Britain or Denmark. Studies by the German Road Safety Council (DVR) indicate 25% more deaths on autobahn sections without speed limits compared to those with limits. The German magazine Der Spiegel has calculated that a general speed limit could save up to 130 lives per year.
Crypto -is- backed by a physical thing. Millions of machines and massive computing power.
I don't think you have the slightest understanding of what the word "backed" means in this context.
"McKinsey pulls another number out of their ass to generate headlines"
grep me no patterns and I'll tell you no lines.