Topic: Bitcoin... Stop being so hard to defend - page 2. (Read 345 times)
I'm actually disappointed that you would resort to keep on with your "confirmation bias" angle instead of responding to the arguments from the previous comments. Do you understand why it takes 10 minutes on average to confirm a block and its importance? True Coiners get that and that's probably why they're not bothered with whatever old issues thrown at Bitcoin. Some would call this a trade-off since you cannot have a perfect system (see comment of mk4 in bold letters).
The Lack of ZERO Acknowledgment that bitcoin has deficiency's just shows Confirmation bias is strong on this thread. The ability to NOT to see both sides of the argument is a symptom of Confirmation bias. The Road to a stronger Bitcoin is to admit the shortcomings. Currently most are to wrapped up in their own self interest to improve upon Bitcoin. The Acknowledgment Bitcoin is flawed and fixing it could improve every single Bitcoin users self interest. Would require everyone admit the flaws. Most are incapable of admitting negative narratives that involve their own arrived upon thought constructs. Doomed to cycle through repeated failure. Break the cycle. Fix Bitcoin
Wait, who's saying that Bitcoin literally has zero problems/flaws though?
Everyone's totally aware that Bitcoin uses a lot of electricity. because, well, it's useful! So it's totally worth the electricity, Bitcoin mining mostly using renewables aside.
Everyone's also totally aware that Bitcoin's transaction speed is a problem. Hence why developers are working on layer-2 solutions to hopefully make Lightning the de-facto solution for this problem, so people can transact with speed without actually sacrificing any security and decentralization on the main chain.
But seriously, I'd like to see your attempt into "FiXiNg BiTcOiN".
The Lack of ZERO Acknowledgment that bitcoin has deficiency's just shows Confirmation bias is strong on this thread. The ability to NOT see both sides of the argument is a symptom of Confirmation bias. The Road to a stronger Bitcoin is to admit the shortcomings. Currently most are to wrapped up in their own self interest to improve upon Bitcoin. The Acknowledgment Bitcoin is flawed and fixing it could improve every single Bitcoin users self interest. Would require everyone admit the flaws. Most are incapable of admitting negative narratives that involve their own arrived upon thought constructs. Doomed to cycle through repeated failure. Break the cycle. Fix Bitcoin
Personally, I have been able to shut down any attempts at Bitcoin bashing. At least with the people I have interacted with.
The trick is the bring up value. What is value? Why do we value gold? How did this start?
You have to show them the roots of what value really is to get them to understand. We are ASSIGNING Bitcoin the kind of value that we assign on gold. We treat it the same. We hold onto it in the same way.
The trick is the bring up value. What is value? Why do we value gold? How did this start?
You have to show them the roots of what value really is to get them to understand. We are ASSIGNING Bitcoin the kind of value that we assign on gold. We treat it the same. We hold onto it in the same way.
I'm more interested in what would happen if people actually took some time to understand why things work the way they do before they suggested ways they could (supposedly) be "improved". Isn't it funny how none of these people have ever succeeded in building this vastly superior version of Bitcoin they keep talking about? 
The simple fact is, every last one of you deluded, ignorant fools who think you somehow know better: You don't have a viable alternative. You have a wishlist. Things that you would like to have. But the thing is, you can't have them, because you don't understand the costs involved. So you keep telling us what the problems (again, supposedly) are. Because it's all you're capable of. Just stop wasting your time and ours with your mindless babbling. You know absolutely nothing.
Quite possibly the only valid thing you have raised is the absurdity of trying to argue with closed-minded nocoiners. That's usually a complete waste of time and effort.
The simple fact is, every last one of you deluded, ignorant fools who think you somehow know better: You don't have a viable alternative. You have a wishlist. Things that you would like to have. But the thing is, you can't have them, because you don't understand the costs involved. So you keep telling us what the problems (again, supposedly) are. Because it's all you're capable of. Just stop wasting your time and ours with your mindless babbling. You know absolutely nothing.
Quite possibly the only valid thing you have raised is the absurdity of trying to argue with closed-minded nocoiners. That's usually a complete waste of time and effort.
What would happen if Bitcoin was NOT such an easy target. People often operate as superficial difference engines. They see the obvious and whats directly in front of them. Bitcoin offers up low hanging fruit for people to attack Bitcoin imperfections. What would happen if Bitcoin plunged the holes in the leaky ship? Seems every time Bitcoin gains ground. The same old derogatory talking points emerge “Energy consumption” , “Scalability” and “Slow” sends it backwards. What if Elon couldn’t say anything about Bitcoin power consumption cause there was NO massive energy consumption. The Bitcoin community often will defend the shortcomings of Bitcoin by rationalizing the flaws as a NEEDED or an acceptability causality. This is called Confirmation bias. We have heard the most amazing arguments in pursuit of justifying Bitcoins shortcomings. Imagine if we didn’t have to work so hard to defend Bitcoin.
Nothing in the world is perfect and useful I every situation. Everything has pros and cons, and sometimes bitcoin isnt going yo be the solution for every problem in the world.
Bitcoin isn't wasting energy. The bigger the bitcoin energy consumption, the more secure and resistant the network is against an attack.
Think about PoW and a PoS, but you are not staking coins (something from within the system), but staking energy. It is more secure, more stable. Energy will forever have value in the world we know, this is way the network is safe and an attack will always be nearly impossible.
Bitcoin isn't hard to defend. It is hard to understand. And maybe you don't need it, and you can just stick to visa most of your life.
Bitcoin was not invented to make newbies rich, neither to make everyone buy a coffee with a zEro fee instant transaction. You can use vida for that.
Bitcoin was invented so you could make permitionless transactions, in a currency no central bank can print out to give to banks going bailout. It was invented to be an alternative to make people from developing counties rum away from inflation.
I can gladly pay 1 usd and wait 30 minutes to send any amount of money anywhere in the world using bitcoin. It is not expensive, neither slow.
power consumption:
since 2014 mining farms set out purposefully to house their farms in area's of renewable. not just for electric power deal discounts but for many other reasons
many people stupidly quote 2021's consumption at over 120tw/y but this is using silly assumptions that the entire network is run using 2019 s9 hardware...
so attacking the power consumption assumption is easy.
the issue of the false 'power consumption assumption' is not that its just wrong. its that its wrong and yet so many people have been pushed into believing it.
the hardest task is going person to person to rectify the error of their now formed opinion
a formed opinion is harder to rectify once formed. even if the evidence is available to debunk it
the bad assumption:
140exahash all day every day all year
s9 asics at 14thash and 1.4kwh
=127tw/y
the rebuttle:
funny part is that bitcoin never stays at 140exa hash all year..
for the last year its been an increment from 100exa this time last year
so thats a ~ 20-40% error
also s19pro asics at 110th and 3.25kwh presents as being
30w/th
where as s9 asic at 14th and 1.4kwh presents as being
100w/th
so thats a upto 300% error rate
actual estimates by looking at some pools 'workers' and understanding the ratio of asics used. and doing daily math of actual hashpower used puts bitcoin at more likely a 40tw/y utility
and yes china electric consumption of all industries and citizens is 7500. meaning if all internation bitcoin miners were in china. thats not even 1% of china's capacity.
since 2014 mining farms set out purposefully to house their farms in area's of renewable. not just for electric power deal discounts but for many other reasons
many people stupidly quote 2021's consumption at over 120tw/y but this is using silly assumptions that the entire network is run using 2019 s9 hardware...
so attacking the power consumption assumption is easy.
the issue of the false 'power consumption assumption' is not that its just wrong. its that its wrong and yet so many people have been pushed into believing it.
the hardest task is going person to person to rectify the error of their now formed opinion
a formed opinion is harder to rectify once formed. even if the evidence is available to debunk it
the bad assumption:
140exahash all day every day all year
s9 asics at 14thash and 1.4kwh
=127tw/y
the rebuttle:
funny part is that bitcoin never stays at 140exa hash all year..
for the last year its been an increment from 100exa this time last year
so thats a ~ 20-40% error
also s19pro asics at 110th and 3.25kwh presents as being
30w/th
where as s9 asic at 14th and 1.4kwh presents as being
100w/th
so thats a upto 300% error rate
actual estimates by looking at some pools 'workers' and understanding the ratio of asics used. and doing daily math of actual hashpower used puts bitcoin at more likely a 40tw/y utility
and yes china electric consumption of all industries and citizens is 7500. meaning if all internation bitcoin miners were in china. thats not even 1% of china's capacity.
What would happen if Bitcoin was NOT such an easy target. People often operate as superficial difference engines. They see the obvious and whats directly in front of them. Bitcoin offers up low hanging fruit for people to attack Bitcoin imperfections. What would happen if Bitcoin plunged the holes in the leaky ship? Seems every time Bitcoin gains ground. The same old derogatory talking points emerge “Energy consumption” , “Scalability” and “Slow” sends it backwards. What if Elon couldn’t say anything about Bitcoin power consumption cause there was NO massive energy consumption. The Bitcoin community often will defend the shortcomings of Bitcoin by rationalizing the flaws as a NEEDED or an acceptability causality. This is called Confirmation bias. We have heard the most amazing arguments in pursuit of justifying Bitcoins shortcomings. Imagine if we didn’t have to work so hard to defend Bitcoin.
Confirmation bias: is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values. People display this bias when they select information that supports their views, ignoring contrary information, or when they interpret ambiguous evidence as supporting their existing attitudes. The effect is strongest for desired outcomes, for emotionally charged issues, and for deeply entrenched beliefs.
We all love Bitcoin but what if we didn’t have to continually make excuses for it. Imagine what Bitcoin would be without its deficiency's. We have all had that battle at family functions arguing the No-Coiner in the family. We have to fight twice as hard to prove our point because like it or not Bitcoin is an easy target. Lets be honest. The No-Coiner in the family is not very bright but why does it always appear they win the argument? They have easy to understand talking points that are generally agreed upon flaws. Bitcoin faults are a no-brainer to jump on the bandwagon of “Bitcoin is bad”
What if we could go to our next family function and know Bitcoin has NO shortcomings. Look the No-Coiner in the face and ask. Why don’t you like Bitcoin again? Take away Bitcoins obvious blemishes and it is flawless.
Confirmation bias: is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values. People display this bias when they select information that supports their views, ignoring contrary information, or when they interpret ambiguous evidence as supporting their existing attitudes. The effect is strongest for desired outcomes, for emotionally charged issues, and for deeply entrenched beliefs.
We all love Bitcoin but what if we didn’t have to continually make excuses for it. Imagine what Bitcoin would be without its deficiency's. We have all had that battle at family functions arguing the No-Coiner in the family. We have to fight twice as hard to prove our point because like it or not Bitcoin is an easy target. Lets be honest. The No-Coiner in the family is not very bright but why does it always appear they win the argument? They have easy to understand talking points that are generally agreed upon flaws. Bitcoin faults are a no-brainer to jump on the bandwagon of “Bitcoin is bad”
What if we could go to our next family function and know Bitcoin has NO shortcomings. Look the No-Coiner in the face and ask. Why don’t you like Bitcoin again? Take away Bitcoins obvious blemishes and it is flawless.
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