PretentiousHipster wrote:I am someone who looks into stuff in good faith, despite topics I disagree with, and am a big believer in nuance. I just find it weird that you are calling people out for a non-argument fallacy, when in fact you have used a fallacy yourself (gish gallop). It's not that we don't hate youtube videos, it's that you linked us almost 4 hours worth of content, with the shorter being an hour and 40 minutes.
What I do when talk about economics is that I summarize what I've learned. Would you read my favourite 1500 page long economics book? No, no one in their right mind would, and although it's only a fraction of the length, almost 4 hours is still complete overkill.
I'll gladly talk to you about it, especially since you were going into good faith with it, and saying you want to inform us. I would just like some effort in your part and to summarize the points made in those videos if you're gonna keep linking them.
However, this might not be the best topic because it will really reach into political territory ie regulations vs decentralization, and libertarian style policies.
EDIT: However, the two points I will make, and would like to see them addressed, is its 20% drop because a smaller country used it as legal tender, which shows its volatile nature, and 2) the environmental impact. Yes, in theory it may not do so, but in reality with something decentralized people will try to take advantage. It is stated, and I can provide sources if needed, that bitcoin's power consumption is equivalent to 2.6-2.7 billion homes for one year. You used your argument that it raised your bill by I think $30, but if you're saying that that's ok because one person only does that much, then I guess I'll never vote again because it's only one vote, and in the grand scheme of things it doesn't matter, especially if I vote minor party.
When did i use that fallacy? Apologies if i did..
First you'd have to prove that that entire 20% drop was entirely because of a smaller country used it as legal tender.
Bitcoin uses power. IMO its the one of the best use of energy there is. It also uses power that may not have been used at all. Most serious miners go to where its the cheapest. They use excess power that may have just been wasted. Lots of huge dams in China running and not powering much, for example. Its also just going to get greener and greener. Because that energy is cheaper. How much energy does it take to protect the us dollar? How many houses would that power?
$30 was a vague guess. I don't inspect my bill i just pay it. I overclock the memory and run the cards at 75% when not gaming. Funny how nobody complains about 1000s of gamers using GPUs to play silly games 10+ hours a day but will say i'm wasting energy if i mine (on hydro) with mine.
Voting is immoral. Please stop doing it. (No, i don't want to talk about this here just a little joke)