[-] Laurenz@lemmy.ml 1 points 1 year ago

Please explain

[-] Laurenz@lemmy.ml 1 points 1 year ago

What makes you think that?

If my argument is totally wrong and disconnected from reality it should be really easy for you to explain to me why that is.

Sounds like random hate simply because I represent a different opinion. I didn't say "use Bitcoin, the climate doesn't matter". I was just trying to explain why people find Bitcoin positive despite the huge energy consumption.

[-] Laurenz@lemmy.ml 4 points 1 year ago

Well, if the energy wasn't actually used, or destroyed, then this "connection to the real world" would just be fake.

The work done produced a store of value that cannot be tampered with. If we say Bitcoin produces nothing of use, we should also say banks are doing nothing of value at all. But that is not entirely true. Keeping track of who owns what is an essential part of our society. Doing that, without having to trust a single powerful group of individuals, is of immense value from my perspective.

Besides that, the goal of many "Bitcoiners" is to use energy, that would be lost otherwise. Currently, it is a huge problem of renewable energy sources that the energy output is somewhat constant, but our usage is very much fluctuating (night vs day etc.). Storing energy on its own is very expensive and totally inefficient. Using that energy to power this decentralized record of who owns what is an amazing idea to me.

[-] Laurenz@lemmy.ml 4 points 1 year ago

This is not a problem of Bitcoin, but a "feature".

Framing it this way sounds very bad naturally. But there is another way to think about it.

Having Proof of work means, that each amount of Bitcoin is actually representing something from the real world - energy. It's not possible to simply create Bitcoin out of thin air, you have to spend a lot of energy to do it. And it was designed like this on purpose.

Hard to explain all in one comment, but books like "The Bitcoin Standard" explain in detail why this makes Bitcoin a nice way to store value, especially over time.

The resulting high tx fees are also a thorn in the eye. But I think Bitcoin was not meant to be used to make daily transactions, it is made to enable people to store or save value over long periods of time. To enable everyday transactions, the lightning network is being built, and something else to look into :)

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submitted 1 year ago* (last edited 1 year ago) by Laurenz@lemmy.ml to c/opensource@lemmy.ml

Hi!

I am building a Non-Custodial Bitcoin Wallet app in the Open. It is called Superlight and it is aimed to target users, that do not have a whole lot of knowledge about Bitcoin. Think online banking UX but Bitcoin is the network behind it instead of a bank.

Looking to build a community, feedback, users and contributors :)

Laurenz

joined 1 year ago