Better to stay away from Bitcoin | Hacker News Reader

Better to stay away from Bitcoin

dailysabah.com

13 pointsread_only16 comments

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2011: Better to stay away from Bitcoin

2012: Better to stay away from Bitcoin

2013: Better to stay away from Bitcoin

2014: Better to stay away from Bitcoin

2015: Better to stay away from Bitcoin

2016: Better to stay away from Bitcoin

2017: Better to stay away from Bitcoin

2018: Better to stay away from Bitcoin

2019: Uhh well..

"I didn't invest in Bitcoin back in X, so it's shit for reason Y"

Yeah, we know it has its weaknesses but that doesn't mean Bitcoin is bad in its entirety and you should stay away.

I wish -coin and crypto- articles/posts would stay away from HN.

Submit and upvote other, better articles and flag those you think are inappropriate. Help make HN the place you want it to be.

I am but one person and, despite me doing everything you suggest (well except submit, because others always beat me to the punch there), it's a massive uphill battle. This place is slowly turning into reddit, where folks upvote buzzwordy article titles and move on to upvote the next.

If you're not willing to help make it better, comments like the one you posted just make it worse by adding unhelpful noise, as is this one. The "place is slowly turning into reddit" trope is old and likewise does nothing to make things better. Yes, it does take effort: most good things do. It's much easier to vandalize than to construct. Please help, not hinder.

You clearly read (or retained) only the parts of my comment that you wanted to. Read it again.

You're right that I neglected to comment on the fact that you say you do everything but submit articles, and I should have pointed that out. Thank you for doing that! I instead focussed on additional ways to make HN better. It's both how one contributes and how one doesn't. I hope you take this in the spirit it's intended. Your initial comment indicates you want HN to be better. These are strategies to do so.

Totally appreciate the reminder that the "power is in my hands" to help make HN better. I flag so much crap, low-effort, buzzwordy articles I come across on HN that I'm surprised the mods haven't revoked my ability to flag. One day I hope to discover new content that someone else didn't already post, so I can submit it here!

Tldr: I built a superminer in 2013 for a client. If he would have paid me in bitcoin, then those bitcoins would have been stolen by now. Bitcoin mining uses way too much electricity, now it is 35 terawatt hours at this rate: 2019 > USA,2020 > World

What in the world does this have to do with my comment that you replied to?

Too many inaccuracies in this article to be believable.

Yes, POW is a problem but reading this article I doubt the author ever designed mining hardware, description of sha256 is wrong for one, whole thing smells.

I'm pretty sure the author understands sha256: https://scholar.google.com/citations?user=pd-IjLcAAAAJ

Shh. airbreather has money in bitcoin. Don't confuse him/her with facts. :)

Actually I am betting against bitcoin as I only hold alts, and I only hold small amounts of POW coins because I believe the concept is not sustainable and the fixed block solve time brings certain kinds of scalability issues.

I like the look of Universa currently to try and address a lot of the POW issues and also the hard fork and Kitties type problems from full decentralisation.

Fair call, seems he just was a bit abridged in his simplification.

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