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@R-T-B
I'll pass on your sickening Marxist positioning and the obvious contradictions on your text; let me just forward some bad news:
your knowledge of the monetary and financial system is null, and digital currency can only be understood in this context. When you're familiar with concepts like the Gold Standard, money as a commodity, Fiat money, fractional reserve banking, money supply... then we can have a chat.
I'm familiar with all of those. I have no idea how some of them apply to digital currency however. I mean the gold standard, really? I know bitcoin is designed to immitate a precious ore but come on, this is a clear cut case of Tragedy of the Commons, which is not a "Marxist" theory, but something even the most hardcore capitalists acknowledge can happen and be an issue.
Maybe we should start that chat.
![Laugh :laugh: :laugh:](https://tpucdn.com/forums/data/assets/smilies/laugh-v1.gif)
Excuse me sir RTB
But... we didn't see it coming??? Are you mental? 'When I started mining the impact wasn't quite clear'... well you lack some serious insight in anything outside of your own attic then.
No, I mean it was obvious we were burning some energy. What was not obvious was the scale to which this would take off, it's impact on supply and such, etc. I really doubt anyone back then thought bitcoin would top $50.00 and stay there for long, so why would the public care? You're saying we could affect something as big as the gaming market? Pfft. Such thoughts were jokes back then.
a whole world out there you know? I'm sorry to be so harsh, but that sentence right there disqualified any faith I still have in anything else you wrote. It contains so much naive, I can't even get to grips with it. And you came to terms with yourself and became 'level headed' after a few Bitcoin value ups and downs. Wow... just wow.
I do believe being once a miner who bought the cards, and now a gamer who can't get any grants me perspective on this issue, yes.
The cryptocurrency by definition and by the way it is mined, should die off really quickly, but validation through blockchain is something that will essentially save us loads of effort and in turn, energy compared to the current way we handle transactions.
I essentially argue this. Other than a few nitpicks, we are basically on the same page re the rest of your post.
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