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Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development
Replying to Avatar Dr. Hax

I want to believe that #bitcoin will encourage society to move towards using durable goods and sustainability instead of infinite growth.

Lets steel man this idea.

Counterarguments:

- While the theory sounds romantic, what has been built in practice by bitcoiners are things like Mt Gox and FTX. Trading platforms that just serve financial markets, which is the very core of this infinite growth mentality

- After 10+ years, it's still generally not accepted as payment

- The energy required can't be ignored, especially in light of the above. I understand the benefits of replacing load banks, heating, and green energy, but there are more efficent ways to generate heat, and mankind's energy would be a higger percentage of renewables if bitcoin weren't using so much electricity. Even if using miners as load banks is 100% justified, that doesn't justify all the other mining operations.

- The theory that it's decentralized is wonderful, but on real life, mining is fairly centralized,

Help convince me (one way or the other) using evidence. Better yet, help convince a zero-coiner who is thinking these same things.

I want the arguments that really hit hard, not potential solutions. Not the usual suspects like "BitAxe wants to disrupt centralized mining". Yeah, that's great, and I support them, but until they prove they can do it, lets just acknowledge that this is a problem yet to be solved.

The same goes for the "Lightning is going to solve the efficency problem". It hasn't yet. #bitcoin is seriously easy to use. Lightning is not. Honestly, I feel that downloading a wallet is easier than signing up for a custodial lightning account, and if we're talking about self-custody, let's come back to that in another 4 years.

I'm sure some maxis are going to jump in and call me a fiat shill or whatever, and that's fine, I can ignore anyone who doesn't wasnt to have a constructive conversation. It's the actual discourse that I am interested in.

Give me your evidence that #bitcoin is just the ticket to eliminating the growth at all costs mindset.

You think bitcoiners built Mt Gox or FTX?

So? Do you believe that all those asics are located in one place? Or owned by single entity?

Public enties mining bitcoin. Looks pretty centralized if you're color blind

Nice thing about #Bitcoin is that you can always verify yourself.

You can take and run old version of Bitcoin released by Satoshi Nakamoto himself, sync it, and check which protocol it's compatible with ๐Ÿ˜‰

Imagine that people on Shitter, Lamebook or Kekgram have never experienced what it feels like to get zapped ๐Ÿ˜ณ

#zap #nostr only

Replying to Avatar Damus

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#Bitcoin is the ultimate basket that have no leaks in it. Every other baskets has and thus cannot provide same level assurances like the Bitcoin basket.

Yeah, it's much better than top or ceiling ๐Ÿ‘