Comments by "Martin Maat" (@MartinMaat) on "I thought Bitcoin was bad for the environment. Now I'm not so sure." video.

@Myth1n There is no product and thus no value. You can spend and secure all you want, if the result is nothing everything that lead to it is called waste.
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It is NOT money.
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You don't get something from nothing, you get nothing from nothing. This makes perfect sense. Then people start trading the newly created nothing, hoping they will at some point find a bigger ... who will take the nothing of their hands for more money than they paid for obtaining the nothing.
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 @Myth1n No, that is just waste. Cost does not add value to anything, there would have to be some desirable feature in the resulting product.
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 @diadetediotedio6918 No, this is what you get when someone actually thinks about it for two minutes.
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@xzan88 "decentralized currency" is a contradiction in terms. BC is not money because it is not centralized. That is, because there is no issuer. The one thing that makes money money and what gives it value is the issuer, a powerful party you can not get around that forces you to pay taxes in that type of money.
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@xzan88 Yes they did use various commodoties. We call that barter. Even if your overlords would decide to use BC for money, which no state in its right mind would do because there is no way to issue or retract it in chosen amounts, it would be a technical desaster because the transaction system does not scale up. It is unfit to be used as currency, chickens would be more suitable.
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@xzan88 It is barter when you trade against goods that are inherently valuable, ragardless whether what you get in return is what you are ultimately after. It is ludicrous to build layers on top of a system that is unsuitable as currency when you have, or could have better alternatives, that are suitable as currency. BC is a gambling game, nothing more, nothing less. People hyping it are just after sheep they can dump their BC on, to hand over their losses to so they get out with more (real) money.
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@TartempionLampion That is nonsense because there is no equivalence between BC and the entire financial system.
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