7 ms·

What makes Bitcoin a scam?

• lisper 2y ago
  https://blog.rongarret.info/2023/04/a-systematic-critique-of-bitcoins-value.html https://blog.rongarret.info/2023/04/a-systematic-critique-of...
  • LAMike 2y ago
    His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
    • lisper 2y ago
      > His arguments about the feasibility of a 51% attack are off by an order of magnitude, About that: https://blog.rongarret.info/2023/04/bitcoins-value-proposition-screwup.html https://blog.rongarret.info/2023/04/bitcoins-value-propositi... (I'm the author, BTW.) > and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug We'll have to agree to disagree about that. Most people consider gross inefficiency a bug, especially when that inefficiency is a necessary part of the design.