My response to "Bitcoin is a huge waste of power:" Would you be willing to tell that to any of the individuals who used Bitcoin to escape from the war-afflicted circumstances in Sudan, for example? Or Venezuela, Zimbabwe, Iran, China, Russia, North Korea, Turkey, Belarus, Hong Kong, Cuba, etc. "In reality, only 13% of our planetβs population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are born into autocracy or considerably less trustworthy currencies. 4.3 billion people live under authoritarianism, and 1.2 billion people live under double- or triple-digit inflation." https://bitcoinmagazine.com/culture/check-your-financial-privilege Bitcoin is used as a crucial lifeline, especially when traditional money transfer channels are severely restricted or unavailable, showcasing a profound real-world impact of bitcoin in regions engulfed by conflict, financial instabilityβ, hyperinflation, and tyranny. For them, Bitcoin is a protest, a lifeline and a way out. Would you be willing to tell these people to their face that you think the only tool available that they used out of necessity and to escape danger is a "huge waste of power and resources?" Real-world examples: [link] [comments] |
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