Post
Topic
Board Bitcoin Discussion
Re: Bitcoin negatives
by
lionheart78
on 17/08/2023, 19:19:28 UTC
Bitcoin:

93% premine to anyone born today.

100% premine to anyone born in 2140.

The predecessor of these people have the chance to mine Bitcoin, don't blame Bitcoin for the opportunity missed by the parents and grand parents of these children.

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Causes toxic waste material (even hal said this).

Any industry that does not produce toxic waste materials?  Why are you so absorbed on pointing this thing on Bitcoin?  Btw, any link to support the statement?

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Waste of energy that could be used to solve cancer or feed people (hal said this).

Same here can give the link about this?
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1 person can be 50% of the network.

Any possible instance that this even will happen? Can you show the the path on how this thing will happen?

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Fiat can buy all the miners and coins, Central bankers still win.

Sure central bankers have all the funds needed to by miners and coins, ever wonder why they did not do this until now?

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People have been killed for it and tortured (sure this happens with fiat but the blood is on your hands now).

what?

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Network fee only goes back to miners this leaves no funding for roads, garbage, schools, medicare or disabled veterans.
Bitcoin is a technology and not a charity.  I think it has been established as that.

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1-3 hour transactions

high network fee cost more than the coffee you are buying

You always have the option to change the payment system.  Bitcoin is not fixed all the problem solutions, the good thing about it is its progress and development that slowly moving to faster transaction confirmation and easier usage.