From the #openweb
If I look at the metric of “is the banking system gone yet?” I notice that indeed, no, Bitcoin has not made even a ding in the banking system. The same crooks are running the same old international scams, politicians are still stuffing their ill-gotten cash in offshore accounts, and Bitcoin has made no difference.
I can also look at the independent variable of “are people spending bitcoins on stuff they actually need?”, and indeed again no, nobody around here uses bitcoins, or accepts bitcoins as payment for goods or services.
The energy consumption of Bitcoin exceeds that of the Netherlands (https://cbeci.org/cbeci/comparisons) in this Bitcoin is clearly a crime against our habitat and a crime against humanity.
Bitcoin is not a “net positive for the globe” it set out to disintermediate the banking system, it failed. What it produced was a horrendously inefficient energy-guzzling monstrosity, which only really empowers people who already had a lot of money in the economy prior to Bitcoin’s invention. The usual suspects got richer out of Bitcoin and the banking system wasn’t obsoleted by it.
So on every measurable indicator, Bitcoin has been a failure.
My thought. Bitcoin is the ‘#geekproblem solution to the worship of money, its a meto project. The #geekproblem has meany sins of which the #encryptionist project has been a destructive one for the last 10 years. It is inhuman to make mashion into gods. The smile, trust, a helping hand are the currency of life. The fundamentalist money worship of the last 40 years is going to kill billions of us #XR
We need to start to shovelling this shit, not worship it #OMN is a shovel, compost is the bases of life.