Bitcoin
Out of context: Reply #719
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• Mining BtC has a carbon footprint from hell.
- Then why don't we stop burning fossil fuels?
• Bitcoin mining software is now being distributed as malware because using someone else's computer to mine BitCoins is easier than buying a farm of your own mining hardware
Prove it. - Open source official client here: bitcoin.org - review the code and show me.
• The greatest benefits accrue to the most ruthless criminals
- More drugs and guns bough with dollars than bitcoin.
• Bitcoin's utter lack of regulation permits really hideous markets to emerge
- You want it regulated by a Plutocratic Government? - The volatility is the birth pangs of the system. Will stop being volatile as soon as you stop measuring it in dollars. & anyway, long term (over the small 4 years it's been around) its done great against the dollar:
• Bitcoin is pretty much designed for tax evasion
- That's up to the end user. Points above; 1. More tax avoiders with Dollar than bitcoin. 2. Plutocratic Government so why pay tax to them?
• Bitcoin's Gini coefficient makes a sub-Saharan African kleptocracy look like a socialist utopia
- It's divisable. Bitcoin adresses do not reflect what individuals own anyway. That’s a fundamental misunderstanding.