I’m pointing out that while global society has already agreed on the value of goverent issued currencies, they already function as one.
At best crypto has two use cases:
illegal activities
gambling
That is it. I can’t use it as Any sort of real currency because the vast majority of people/enterprises don’t recognize it. For something to be a real currency it must be usable as such.
What we have is pretend money that destroys the environment for no real reason.
Bitcoin runs on electricity, not internal combustion engines. Bitcoin’s use of energy is no more or less damaging to the environment than any other electricity user in the same area.
Bitcoin uses a public ledger making it a terrible choice for crimes. While not everyone wants to directly accept bitcoin there are exchanges throughout the world happy to exchange it for local currency. Bitcoin is not backed by violence like state currencies. It takes time for a new form of value to gain widespread acceptance.
Gold was used as a currency for thousands of years but you can’t use it at a local grocery store either.
Bitcoin’s value is backed by math and computers and that is somehow worse than the energy and violence used by governments?
The public ledger is irrelevant. I don’t need any credentials to sign up for 1 or 1k accounts. Yes it can be tracked, but someone with a modicum of skill could make it extremely difficult.
Bitcoin is not backed by violence like state currencies.
Backed by, no, used by, absolutely.
Gold was used as a currency for thousands of years but you can’t use it at a local grocery store either.
That is largely irrelevant. Like crypto, I can’t take it to the grocery store. It no longer functions as a currency. That is cool, but don’t conflate it.
Bitcoin’s value is backed by math and computers and that is somehow worse than the energy and violence used by governments?
My dude, don’t pretend computing and math are magic. We are breaking some fucking hashes. Your perception of value of a broken hash doesn’t translate into actual utility.
Can you use us dollars in a grocery store in the eu? Does that mean the dollar has no value?
I’m pointing out that while global society has already agreed on the value of goverent issued currencies, they already function as one.
At best crypto has two use cases:
That is it. I can’t use it as Any sort of real currency because the vast majority of people/enterprises don’t recognize it. For something to be a real currency it must be usable as such.
What we have is pretend money that destroys the environment for no real reason.
Bitcoin runs on electricity, not internal combustion engines. Bitcoin’s use of energy is no more or less damaging to the environment than any other electricity user in the same area.
Cool, cool. Which of my appliances requires 535.6 megawatt-hours to run? I mean, my house is about 10, so I may be missing something.
Bitcoin uses a public ledger making it a terrible choice for crimes. While not everyone wants to directly accept bitcoin there are exchanges throughout the world happy to exchange it for local currency. Bitcoin is not backed by violence like state currencies. It takes time for a new form of value to gain widespread acceptance.
Gold was used as a currency for thousands of years but you can’t use it at a local grocery store either.
Bitcoin’s value is backed by math and computers and that is somehow worse than the energy and violence used by governments?
The public ledger is irrelevant. I don’t need any credentials to sign up for 1 or 1k accounts. Yes it can be tracked, but someone with a modicum of skill could make it extremely difficult.
Backed by, no, used by, absolutely.
That is largely irrelevant. Like crypto, I can’t take it to the grocery store. It no longer functions as a currency. That is cool, but don’t conflate it.
My dude, don’t pretend computing and math are magic. We are breaking some fucking hashes. Your perception of value of a broken hash doesn’t translate into actual utility.
Please pass me a dose of your soma.