Nico
@nicom
Bitcoin and I are in a love/hate relationship: + Bitcoin is the mother of all cryptos + Bitcoin opened the pandora box and it can't be closed now + Bitcoin is strong and can't be broken (or not that easily) + Bitcoin is the heartbeat + Bitcoin is a threat to traditional non-democratic financial power + Bitcoin is for everyone + Bitcoin is easy (relatively to other tradfi or cryptos) + Bitcoin is a good incentive for energy efficiency + Bitcoin use far less energy than the systems it's meant to replace (people usually miss this point) + Bitcoin is a tool for freedom Cast 1/2
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Nico
@nicom
But... - WTF UTXO! - Bitcoin is worshipped - Bitcoin believers are wearing blinkers - Bitcoin ossification is sad and dangerous - Bitcoin is 99% about money - Bitcoin could be more than money (the script and ordinals don't count) - Bitcoin is not well understood by many - Bitcoin is praised by bad people and it gives a bad image of all cryptos - Bitcoin governance is too much drama - Bitcoin people have been rude with me because I'm open minded - I missed buying it in 2009 because I was too busy changing diapers... Cast 2/2
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pipe.eth 🎩
@pipe
I very much agree with most of this. But I'll never be able to go back to Bitcoin.
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Nico
@nicom
Me neither. The cons are stronger than the pros, especially the one about how I was "welcomed" by bitcoiners.
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pipe.eth 🎩
@pipe
For me, the main negatives are 2: the BTC community and the energy usage aspect (which I know some people try to dismiss incorrectly)
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Nico
@nicom
The energy usage itself is not a big issue to me as it's far lower than all the tradfi system energy usage (count networks but also bank branches, fund transport, money printing, point of sale hardware, plastic cards, employees driving to work every day,...). However pretending the network is more secure because of PoW energy usage compared to any other consensus is just a maxi thing that doesn't really work when you try to justify energy usage only for this. It has drawbacks and flaws and that's not this simple.
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pipe.eth 🎩
@pipe
I don't think we should compare to trad fi energy because it's purpose and societal benefit is totally different It consumes a LOT of energy that can be used for many other things in the world
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