nmlnn

That just means we disagree on what humanity needs. Good thing I don't have to justify how I spend my time and energy to you.

Maybe they do maybe they don't, it's impossible to tell other people what they need. The best you can do is educate them on the options you think could help, people will ultimately make their own decisions.

Trying to get people to understand Bitcoin is without a doubt the most productive thing I can do with my time for the future of humanity.

If someone figures out a way to do it, then sure. Mining ensures that no one in the system is able to get a new monetary unit below the market price as well as making tampering with past transactions uneconomical. Ultimately it's a very elegant solution to what was a long-standing problem.

The system pays for itself via transaction fees, which are used to "lock" the transaction history in a completely decentralised way.

If you're in Venezuela, Argentina, Lebanon, Turkey, Nigeria, etc. where your government is stealing your savings via massive inflation it's pretty useful.

It would definitely be better if the learning curve was shallower and the UI's easier, so that more people could be saved.

It's not like excess hydro power in China is stored anywhere. It's literally wasted.. why do you care if people use it to mine bitcoin? How is it cutting in to the energy that other people can use?

You can't drive up the cost of "waste", all you can do is use it such that the waste is decreased. If people want to make hydrogen with it they should do so. As I said, the Bitcoin network is not capable of bidding for energy at higher prices.

Your argument boils down to: why aren't people doing this uneconomically viable thing that I think is better than this other economically viable thing.

*Citation Needed

Bitcoin doesn't waste energy. Bitcoin consumes energy waste.

The global market for adding bitcoin blocks is as competitive as it is possible to get. No barriers to entry, no one even has to know who or where you are. As such only miners who can secure the cheapest energy survive.

Excess hydro capacity in China during rainy season; capturing flared gas from shale oil fields in the US; geothermal in Iceland; any source of stranded or wasted energy.. bitcoin mining will soak it up.

Bitcoin mining using fossil fuels is simply not cost competitive.

This "#hashes => #GWh => #tonnes CO2", is broken logic full of unsubstantiated assumptions made by bitcoin haters.

Bitcoin doesn't waste energy. Bitcoin consumes energy waste.

The global market for adding bitcoin blocks is as competitive as it is possible to get. No barriers to entry, no one even has to know who or where you are. As such only miners who can secure the cheapest energy survive.

Excess hydro capacity in China during rainy season; capturing flared gas from shale oil fields in the US; geothermal in Iceland; any source of stranded or wasted energy.. bitcoin mining will soak it up.

Bitcoin mining using fossil fuels is simply not cost competitive.

This "#hashes => #GWh => #tonnes CO2", is broken logic full of unsubstantiated assumptions made by bitcoin haters.

Nope, that's why I'm so confident. The entire point of Bitcoin is to remove the need for trust and replace it with network consensus rules and proof-of-work, both of which you validate yourself. Since, to me, that's far superior to the current system - I just see it as an inevitable transition.

How would they enforce such a ban?

If people want to short bitcoin or tether, they should do so. However, I don't really get all the internet whining. If they're right they'll make a lot of money. I don't buy these concerned citizen FUD posts though, they reek of manipulation. If there's one thing I've learned over the last 25 years it's.. don't trust random people on the internet.

Am I missing something? That's how their backups work currently