• @thelastxiaomiyicam
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    -43 years ago

    I can just say a little :

    1. electricity this is already debunked if you’re saying btc is electrically demanding - the same goes with facebook.com . And that’s not the end of it, free market rules, if it’s cost more to mine one bitcoin then people will just not do that.
    2. Also what scalability have to do with centralization I can’t square that circle. If you follow max keiser : he always say something about ‘hash-war’ maybe you can research more about that.
    3. Finally at least BTC is the first coin ever invented, it will never go easily. This is not sh*tcoin we talk to.
    • @RumblestiltskinOPM
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      53 years ago

      It definitely is electrically demanding. You must never have mined Bitcoin.

      • @thelastxiaomiyicam
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        03 years ago

        It’s true but you should know your capability yourself, as of now I’m watching the trend it’s the government power or at least business size enterprise can sustain this kind of operation.

        that’s the point : if you don’t know bitcoin and how hash computing works, you’ll use your domestic hardware and complain about that.

    • @Nevar
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      3 years ago

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      • @thelastxiaomiyicam
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        03 years ago

        maybe we have a different way to approach the problem, I’m more to economic implications and factoring it to how corrupt the banking system are, electricity that scale are just tiny expenditure an * just let free market decide in the end.* If there’s a better replacement that might be YES in the future, but for now it’s more important than ever for it to exist.

        The question is when. Bitcoin is currently just a game of ride the momentum and try to get out at the right time. It’s calculated gambling. it’s true for the miner

        • @Nevar
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          3 years ago

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          • @thelastxiaomiyicam
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            23 years ago

            that’s true this is why there’s hashwar in the horizon, and if oilrich country smart enough they’ll make use of this ‘peak oil’ for their benefit.

            but I might not disagree if you say bitcoin is like a bubble if there’s another competing technology can easily threaten it.

    • @iszomer
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      3 years ago

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      • @thelastxiaomiyicam
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        13 years ago

        yes, the limit of the bitcoin is came from that. If you remove hashrate and electricity from the key issue, bitcoin will not again limited in quantity it was never the problem, it’s the feature. And no one forced anybody to mine for BTC.

        for scalability, I know your concern. but that doesn’t mean you own btc farm = own world’s bitcoin. again, my approach is from economical standpoint : it’s not centralized. As for 51% attack, that **theoretically can happen ** but it’s hard to fulfill many condition needed.

        or do I miss something?

        • @iszomer
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