True, but that doesn’t mean the experiment should be repeated anew.bitcoininthevp wrote: ↑Sat Oct 10, 2020 7:06 amGold rewarded those hoarding it over its monetization history. And most of that hoarding was done via pillaging and war, not simple burning of energy. Speaking of which...dualstow wrote: ↑Fri Oct 09, 2020 2:20 pmIf the world were to agree on a new form of money, governments included, they should start from scratch instead of rewarding people who hoarded it (and burned through the world's oil in the process of mining it) before it was money. They should use something besides bitcoin. A naive thought, perhaps, but I might be in the majority.
The original hoarders are dead, gold is well estabished, nothing is perfect, and I have to go with *something*. That’s gold.
Ideally, though, see “start from scratch” above.
b.i.t.vp wrote:
Most of bitcoin mining is done using renewable energy.
Says CoinShares, “ a cryptocurrency asset management and analysis firm.”
I’m reluctant to cite shitty Vox, but be skeptical.
https://www.vox.com/2019/6/18/18642645/ ... able-chinavox wrote:analysts are skeptical
...
it’s challenging to figure out just what the energy supply is. Since the network is spread all over the world, bitcoin miners often want to remain anonymous and keep their operations opaque.
I know, but i’m not.bitcoin-in-the-vp wrote: "governments included". Governments money printing monopolies will not want to adopt any sort of fixed supply currency or one they cannot control. Bitcoin is inherently anti governments.
Sounds like an argument for murdering your neighbor for his cash and his wife if one can get away with it. No, life is very much about should, and incentives too."They should". Money, Bitcoin, and life is about incentives, not "should".