DEV Community

Tony Colston
Tony Colston

Posted on

2 1

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.

Heroku

Build apps, not infrastructure.

Dealing with servers, hardware, and infrastructure can take up your valuable time. Discover the benefits of Heroku, the PaaS of choice for developers since 2007.

Visit Site

Top comments (1)

Collapse
 
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.

Hostinger image

Get n8n VPS hosting 3x cheaper than a cloud solution

Get fast, easy, secure n8n VPS hosting from $4.99/mo at Hostinger. Automate any workflow using a pre-installed n8n application and no-code customization.

Start now

👋 Kindness is contagious

Please leave a ❤️ or a friendly comment on this post if you found it helpful!

Okay