[Cryptography] Bitcoin is a disaster.

[Punk-BatSoup-Stasi 2.0]

> 
> 
> > Begin forwarded message:
> > 
> > From: Ray Dillinger <bear at sonic.net>


> > The scarcity of block chain space has led people to re-invent every
> > last feature of the banks they thought they were going to be escaping.
> > Including debt brokering (lightning network)


	lawl, the guy doesn't have a fucking clue. There isn't any kind of 'debt' in the LN. The funds in the LN are actual bitcoins. 



> > and fractional-reserve
> > banking, starting with the case of Mt.Gox 

	....



> >  They
> > have made Bitcoin into a debt-based system like any other;

	....

	

> > 
> > And that brings us to mining.  Bitcoin mining has encouraged corruption

	...


> > (Because it's often done using electricity which is effectively stolen
> > from taxpayers with the help of government officials)

	...fucking hilarious.


 
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	oh the cesspool run by the metzger jew. Cool.