lmao I hope he gets desperate the next time bitcoin spikes & pays some cryptology firm to 'crack' it and they wipe it by accident.
lmao I hope he gets desperate the next time bitcoin spikes & pays some cryptology firm to 'crack' it and they wipe it by accident.
The crypto nets consume more power than some countries. Bitcoin in of itself is a solution looking for a problem. That is, imo no one has come up with a thing crypto would solve that isn't solved by something's else more efficiently and cheaper.
Bitcoin in of itself is garbage.
Oh that's true, I forgot how wasteful it is. Though that's inherited from capitalism.
edit: When I say it's inherited from capitalism I'm not excusing it
No it's not. Bitcoin is wasteful because it works by having millions of computers guessing numbers until one gets it right. This has nothing to do with capitalism.
It's because of capitalism that people are running millions of computers trying to guess a number
I don't think you can blame this one on capitalism as much as the concept of money itself
That's one way to look at it I guess.ninsinr know if it's very helpful in this particular instance but it's correct
I just mean it's one of many perverse incentives created by capitalism, wasn't trying to excuse it in any way.
BitCoin is perverse in many ways
knowing that Silicon Valley & "early morning grinders" have all gone fully in on obsessing over it should raise more suspicions than it quells
The BitTorrent founder I remember was setting up a peer to peer crypto. Dunno what happened to that. It was called chia I think