#bitcoin is more useless than ever, and just as destructive
https://www.theatlantic.com/science/archive/2023/03/crypto-bitcoin-mining-carbon-emissions-climate-change-impact/673468/
It's a ridiculous argument, amounting to, Except for all of the benefits, there is only cost!
It does drive clicks, I suppose.
@volkris Umm, "useless" means "no benefits". To spell it out, not useful for transactions, not useful for remittances, not useful as a financial security, based on a useless database technology with zero adoption after 15 years.
But that just goes for another round of the same.
Sure, it's not useful for transactions, except for all of the times when it is, it's not useful for remittances, except when it is, etc.
It really comes across as gaslighting when folks insist on the nonexistence of what we see with our own eyes.
The news of zero adoption is quite surprising to all of the adopters.
Coffee, but my personal anecdotes are hardly significant.
These articles are about people #Bitcoin mining, right? Every one of those miners is an adopter who is not only engaging in trade using Bitcoin but is finding the currency so valuable that they're willing to pay both fixed and variable costs to acquire more.
The narratives complaining about Bitcoin mining are necessarily highlighting the adoption and value of the system.
It reminds me of the old line: Nobody goes there anymore--it’s too crowded.
@volkris We appear to be at cross purposes. Let's leave it there
No I don't think we are at cross purposes. We're talking about the same issues, looking at the same analyses.
You say Bitcoin is without worth, but your own sources are showing directly how much Bitcoin is worth to people. You say it's not been adopted but your source is illustrating very directly how much adoption there has been.
I guess if your purpose is to ignore reality, all right fine, we are at cross purposes. I am not particularly interested in doubling down on those fictions, no matter how many clicks they may get for opinion writers just trying to get sensationalized articles out there.
But if you want to talk about what is really happening in the world, which I assume you do, then we have the same purpose, and your article shows just how valuable Bitcoin is to its adopters.
Whether you care about facts or not, I guess that's up to you.
@volkris Interesting. What have you purchased with Bitcoin recently?