> Every day Bitcoin fails to go to 0, it gains legitimacy as a store of value and means of payment.
Bitcoin is a horrible store of value. It might not go to zero, but it’s fluctuates wildly.
I think for people who predicted from a decade ago that this was all nonsense, the case is there that it is.
Realistically, what are we looking at? What runs on smart contracts? What is being bought and sold with Bitcoin.
This answer is not nothing, but…I mean really? This is the revolution?
As far as legal uses, the only one that has any amount of traffic is speculation. That’s it. Are there other people using it occasionally for other things? Sure! But then we’re looking at, checks ledger NFTs?
All of this while burning through tremendous amounts of electricity. We’re talking over half a percent of the total energy consumption of human civilization.
What have we gotten in return? This isn’t like people pushing back against airplanes or paper or rice. There’s no denying that a lot of money is thrown around, but you can only talk about people being “left in the dust” if you can point to something worth, again, >0.5% of electricity consumption of the PLANET.
Bitcoin is a horrible store of value. It might not go to zero, but it’s fluctuates wildly.
I think for people who predicted from a decade ago that this was all nonsense, the case is there that it is.
Realistically, what are we looking at? What runs on smart contracts? What is being bought and sold with Bitcoin.
This answer is not nothing, but…I mean really? This is the revolution?
As far as legal uses, the only one that has any amount of traffic is speculation. That’s it. Are there other people using it occasionally for other things? Sure! But then we’re looking at, checks ledger NFTs?
All of this while burning through tremendous amounts of electricity. We’re talking over half a percent of the total energy consumption of human civilization.
What have we gotten in return? This isn’t like people pushing back against airplanes or paper or rice. There’s no denying that a lot of money is thrown around, but you can only talk about people being “left in the dust” if you can point to something worth, again, >0.5% of electricity consumption of the PLANET.