Hacker News new | past | comments | ask | show | jobs | submit login

> 'Self custody digital currency' is not a use case anybody has asked for.

The number of hardware wallets clearly shows that this statement is false. Someone who uses Bitcoin today might not have asked for it but now that it exists they use it just like smart phones.

> The current system already has a solution that is better than Bitcoin, and that everyone already uses it's called:

Cash.

Cash and Bitcoin are not directly comparable as they have different properties but even if you were to focus on the one property that they share notice how controls of cash are getting more and more restrictive.

> Why does Bitcoin still gets seized by the government?

Because people allow it to be seized by their own volition or their own incompetence.

> It also needs to engulf the planet in enormous electricity waste to compute billions of meaningless puzzles.

The same could be said for video games. Video games cause more e-waste, use more electricity, are designed to be addictive and rob people of doing productive things for themselves and others.

> Other countries have better systems that doesn't use Bitcoin and are far cheaper and scale better than Bitcoin.

Far cheaper and scale better but have none of the properties that make Bitcoin attractive or essential in the first place.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: