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Tony Colston
Tony Colston

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is there a defense of crypto? (bitcoin specifically)

I saw this on hnews today: https://blog.cryptographyengineering.com/2022/06/09/in-defense-of-cryptocurrency/

  • Such raw naked hunger and greed on display here.

  • Literally burning enough energy to power an entire country to run hashing algorithms. And the days pass with hollow promises of better tech.

  • Fix that first, fix that now and show the world your community actually gives AF.

  • But you will not.

  • Nor will your community. Crypto is fine and happy to help make the world burn hotter.

  • If you hold bitcoin or mine bitcoin you have blood on your hands.

  • It is that simple.

  • Until bitcoin is stopped none of the rest of the article matters.

  • Regulate it? Attack it? You pick but either way it must be stopped.

  • The crypto community has no will to do it themselves.

  • The tech is interesting to me but a central database solves most of the problems and does not burn the world in the process.

  • Hopefully the newer blockchain tech will take over but I doubt it highly.

Top comments (1)

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dagnelies profile image
Arnaud Dagnelies

I also consider Bitcoin as a stupid waste of resources on a global scale. All proof-of-work tokens are a disaster IMHO since the security is based on a proof that enough processing power has been spent.

However, there are many other tokens based on proof-of-stake which do not waste energy and are more efficient. These make much more sense IMHO since they are more ecologic/sustainable.