Bitcoin negatives - page 4. | Bitcointalksearch.org

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I think you are trolling the shit out of this thread.... Roll Eyes

Bitcoin mining use less energy than most Fiat financial systems out there, but the math to calculate it, ignore most of the actual energy that are used. (Example : How much energy are used to create cash & coins through mining activities and also the minting process / How much pollution and energy are used to transport cash in trucks all over the world)

Where are you getting the 1 to 3 hour transactions from? (Old Legacy Bitcoin or the Lightning Network with it's near instant transactions?)

You are grabbing at straws to find something bad to say about Bitcoin, but there are people like us that can spot that immediately. Grin

Sim_card

hero member

Activity: 658

Merit: 562

Quote from: hsdjkahskjdh on August 16, 2023, 07:25:44 PM

Fiat can buy all the miners and coins, Central bankers still win.

Don't be fooled by the YouTube people because most of them saying all these craps and against bitcoin and this isn't something new. It is left for you to believe or not and come up with something from your head instead of saying what you heard from other persons. Bitcoin has advantage than its disadvantage which has made it the best assest to invest on due to its volatile nature. And you told you that government can buy all the bitcoin when they don't even know how many people have bitcoin in their wallets. Mind you not everyone will sell to the government because bitcoin is better than their fucking fiat currency that depreciates. I will rather keep my bitcoin than exchange it for fiat. How will the government buy the bitcoin that would be mined in 120 years by then the government that planned such would have died,so this can't be possible.

laurenB7742

full member

Activity: 1302

Merit: 129

Vaccinized.. immunity level is full.

Quote from: hsdjkahskjdh on August 16, 2023, 07:40:22 PM

Quote from: ImThour on August 16, 2023, 07:36:12 PM

What toxic waste Bitcoin produce?

From a miner themselves

https://youtu.be/K8kua5B5K3I?t=283

"The rest is waste materials" Those power supplies are toxic waste materials.

Do other industries generate scrap or waste? Tell me, any industry that is not harmful to the environment? All is to serve human needs, serve human desires. The smartphones and laptops that you are using are also creating certain pollution to our environment. Why don't I see anyone talking about them? Why always bitcoin? Everything has its pros and cons and nothing is perfect, my friend.

Just because you hate bitcoin, you envy its success and you always feel its bad, but for others, its really useful and without any downside.

Despairo

hero member

Activity: 1064

Merit: 843

When there's a miner or group have a lot miners and own more than 50% mining hashrate, it doesn't mean the miner can control Bitcoin! this already been discussed many times and it's different with 51% attack.

Surely mining 7% Bitcoin for 117 years do consume a lot energy, but it's mean the price of Bitcoin should be very high because no one will spend money if it's not profitable anymore.

Fiat can buy all miners, why until now they're not do it?
Fiat can buy all coins, not entirely true because not every holders want to sell their coins.

Darker45

legendary

Activity: 2576

Merit: 1860

Some on your list may be true, some may be not. But have you also made a list of fiat negatives? Bitcoin is an alternative. You might want to take a closer look at the main option in order to have a fairer and more balanced view. Only then could you pass the final verdict and set aside Bitcoin. You might actually end up with a much longer list. There's a reason why fiat badly needs to have an alternative.

Also, Newton's third law of motion is true not just in physics but in other aspects of our existence as well. Every time we eat, we contribute to the world's degradation. Shall we stop eating?

Latviand

full member

Activity: 1540

Merit: 219

Bitcoin is just a consumer of electricity and I don't think that the problem is bitcoin but the producers of those electricity. Also, we worry too much the environmental impact of bitcoin when there's more pressing issues that's more impactful than the impact of bitcoin to the environment like coal produced electricity, stripmining, no innovation in battery industries, destruction of nuclear power plants and reliance on oil for fuel. The wasted electricity is the problem of the energy sector, they should have a solution to that problem a long time ago not bitcoin. 51% attack is difficult to do because there are a lot of people that's not connected to each other so it's difficult to gather nodes to be able to do that, not to mention that it's economically impractical for someone to do that anyways.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Bitcoin has never been perfect and there will always be drawbacks, but what you seemingly want is something that can only come out in a perfect world where every single entity is moral/ethical and every circumstance is ideal. Good luck with that.

hsdjkahskjdh

jr. member

Activity: 47

Merit: 2

Quote from: ImThour on August 16, 2023, 07:36:12 PM

What toxic waste Bitcoin produce?

From a miner themselves

https://youtu.be/K8kua5B5K3I?t=283

"The rest is waste materials" Those power supplies are toxic waste materials.

ImThour

copper member

Activity: 1498

Merit: 1619

Bitcoin Bottom was at $15.4k

That 7% will take ages to mine, 2140 is still 120 years ahead of us. You will be reborn twice, don't worry about that in this life.
What toxic waste Bitcoin produce? If you mean heat from Bitcoin Mining, you should be aware of Renewable Energy which is being used by majority of the Bitcoin Mining Operators.
1 person will never be able to get 51% access to the network. When you purchase, price goes high.

To attack the network, you need 51% and that will be 9.9246 Million Bitcoin which is worth 285828.48 Million USD.
Why will Bitcoin's Mining Fee go towards your garbage or schools? Wtf.

hsdjkahskjdh

jr. member

Activity: 47

Merit: 2

Bitcoin:

93% premine to anyone born today.

100% premine to anyone born in 2140.

Causes toxic waste material (even hal said this).

Waste of energy that could be used to solve cancer or feed people (hal said this).

1 person can be 50% of the network.

Fiat can buy all the miners and coins, Central bankers still win.

People have been killed for it and tortured (sure this happens with fiat but the blood is on your hands now).

Network fee only goes back to miners this leaves no funding for roads, garbage, schools, medicare or disabled veterans.

1-3 hour transactions

high network fee cost more than the coffee you are buying

Only 1 miner wins in the end then it becomes centralized, he can push all the other miners out. This will be the FED.
this simulation proves it https://www.youtube.com/watch?v=Q41RW6bxpM4

Topic: Bitcoin negatives - page 4. (Read 764 times)