[tor-talk] Is there any societal use in Bitcoin?
carlo von lynX
lynX at time.to.get.psyced.org
Tue Sep 5 06:25:09 UTC 2017
On Mon, Sep 04, 2017 at 08:35:17PM +0500, Roman Mamedov wrote:
> BTC wouldn't require "same timeframe" of 36 hours to transfer, it can be done
> within less than an hour. And with the recent developments in the BTC world,
> both transaction speed and cost per transaction will continue to improve.
I think I repeatedly mentioned TALER which isn't just ethically
healthy compared to BTC, it also does transactions in milliseconds.
Not only is BTC burning up the amount of electricity that an average
household consumes in a day, just for one transaction. I was
argueing that there really is no ethical use case left that can't
be solved in a better way, and for the good of Tor I wonder if we
should actively welcome regulatory measures against Bitcoin.
What I didn't expect was that what I had been saying for a year
or two suddenly became Chinese gov policy on the day I wrote
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