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If you want to make valid comparisons, compare the energy usage of Bitcoin (and other blockchain-based solutions) to the energy usage of the current fiat system (with all its banks and other financial services companies). Plus, it is a fact that the majority of energy used to mine Bitcoin is renewable.

Let's be honest. It is obvious that the majority of HN users are anti-Bitcoin for a few reasons:

1) They see early adopters profiting mightily and have a zero-sum, envious mindset.

2) Silicon Valley promotes centralization. People have invested their careers in organizations that promote the centralization of the internet and technology, and Bitcoin is a threat to that.

3) Silicon Valley, once teeming with innovation because of diversity of though, is now completely monolithic in thought. The powers-that-be (i.e. Bill Gates, among others) are anti-Bitcoin, as it threatens their centralized power, and so Bitcoin has become out of fashion in Silicon Valley.

4) Politics. Bitcoin is decentralized and empowers those that privately and independently own it and transact with it. This is generally a libertarian concept. Silicon Valley, being very politically on the left, realizes that the independence that Bitcoin brings goes against their ethos of governmental and bureaucratic control. You cannot "cancel" or prevent someone you don't like from using the Bitcoin network - even if you disagree with them.

HN used to be great, in my opinion, and I hope things improve. My comments are sincere.

Now, prepare for my comment to get censored by a flood of downvotes in 1, 2, 3...



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