> The amount of free or cheap energy we have around the globe is limited. Your Bitcoin miner makes more money than anyone who just needs to consume it.

We -should- make laws here to ensure miners are pushed to energy sources that are not harmful. If they can afford to build warehouses full of miners, then they should also be able to help build water/solar farms to power their objectives as well.

There are always going to be people wanting to use a lot of electricity for things you personally do not value though. The Las Vegas strip is an example where the casinos wanted a lot of power and water to make money, and the local area could not supply it. They had to help fund improving the infrastructure for the whole city in order to meet their profit objectives.

My point is the greedy miners can become allies of public infrastructure and grid improvements if we legislate correctly. This is not a new bitcoin problem as much as it is a classic human and political one.

> You say Bitcoin is a great alternative for Visa and co. Just that 1. Bitcoin fees vary and I have payed plenty! Of fees. Often enough more than I ever paid for visa. Your argument is again invalid.

Bitcoin is more of a replacement for gold, which formerly backed the dollar. It is much easier and cheaper to store and transport bitcoin than gold. Both of these have been used directly for commerce but it does not scale. Visa in the end took on providing a credit system on top of the dollar (which was based on Gold).

In the Bitcoin system the "Visa" is Lightning, though that will take a while to get mature and widely adopted. Still, it uses lines of credit to provide instant transfers with no fees.

> Btw do you also know what visa does but Bitcoin actually can't? It does insurance and fraud protection.

Things provided by private companies that have nothing to do with the underlying currency. This comes with maturation, sure, and it is happening.

You are talking to one of the people who built arguably the first insured, SOC2 certified, and multi-party accountable, custody companies for Bitcoin and other cryptoassets.

Do not assume none of us in this space care about such things.

> And normal Bitcoin bros tell you to NOT use exchanges.

I am not what most would refer to as a "Bitcoin Bro". There is a lot of ignorance on both sides of this for sure.

I have helped build several regulated, tax paying, custody systems, some of which with actual banking charters.

I am on the side of building the infrastructure to ensure cryptoassets can be transferred with all the safety of traditional financial instruments. I hope to see a Digital Dollar use that same plumbing some day too. From there it is up to the public to decide if they want to use inflationary currency or not, with all other things being close to equal.

> No one wants to change the inflation rule. No normal person should ever be able to control this. The expertise for it is a sub field in itself. If everyone would vote, everyone would get cheap money until the system breaks...

So a special few know better than the public so they should make all the rules for us, and be trusted to make those rules with benevolence to benefit the poor and help everyone become successful. Benevolent authoritarianism never lasts, and always ends up benefitting the few over time. Look at the endless graphs I posted. The economy has gotten worse by endless metrics since 1971. The few authoritarian leaders of money screwed over the public in major ways by breaking the gold standard, and we did not get to vote on it.

Bitcoin is fundamentally a rebellion against authoritarian rule of money.

If the end game is we end up with a digital dollar that the public manages democratically to meet the needs Bitcoin does today, great. Until then, Bitcoin will continue to fill that void.

Every user of bitcoin is voting against inflation.

> We have the perfect system

Became

> The current fiat system is not perfect

I will at least take that as one good outcome from this discussion