Bitcoin’s flaws are all from the uninformed

@nick including the 1st and 3rd flaws I mentioned?

if vast power consumption continues, but the energy is 90%+ renewable, can we count it?

@JesWolfe Sure, that seems like it would fit

@JesWolfe huh that ppssibility strikes me as so wasteful. e-waste, opportunity cost for displacing other non-renewables, etc.

@Stralor hmm, you're right, what would be a good compromise here that rewards switch to renewable energy use but still penalises high use of any energy source?

@TheAllMemeingEye I'm not sure!

@Stralor in the meantime I think I'll still count renewable powered crypto then to maintain market consistency, but let me know if you think of something 👍

@TheAllMemeingEye I would go the other way 🤷 Anything based on PoW or PoS has too much indirect cost and hasn't deflected the underlying concern no matter how much greenwashing they do, imo (this is also a commonly held opinion of crypto critics, on whom these requirements are presumably based)

@TheAllMemeingEye How is "most-used" defined? Highest number of transactions? Highest dollar value of transactions? Highest total market cap? Something else?

And over what period are you measuring this?

@DanielTilkin How about "highest percentage of global population using it for at least 1% of their total transactions in 2029-2030"?

@TheAllMemeingEye Do we know what percentage of people that's true of for bitcoin today?

@DanielTilkin I'm not sure if there have been any surveys yet, though if by market resolution it's clear that somehow none have ever been done then I guess I'll have to resolve n/a

@TheAllMemeingEye Yeah, if you're relying on a survey to be done that hasn't been done in the past, there's a good chance this would resolve N/A. At the very least, you should establish some sort of a backup if there's no such survey.

@DanielTilkin maybe I'll have to use a Manifold poll if there's no official studies haha it'll be slightly biased due to smaller sample size and community differences but better than nothing I guess unless you have better backup suggestions

@TheAllMemeingEye Then it's "most-used by manifold..." which is fine.

- Helping organised crime organisations due to untraceable finances

Are you suggesting having a centralized authority of some kind?

@singer Anything that prevents the problem would count as long as it still fits the definition of cryptocurrency. I don't have enough detailed knowledge of cryptocurrency to propose or judge solutions myself, I just know that news articles and YouTube commentators have repeatedly pointed this out as a key disadvantage.

@TheAllMemeingEye The thing is that cryptocurrency is designed to be decentralized, or not controlled by any particular group of people, and is one of its defining features.

A cryptocurrency which fixes all 3 problems you say would be extremely different from a cryptocurrency. A regulated, transparent cryptocurrency? Might as well use cash instead.