Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

For all the great promises and actually great ideas behind using cryptography to ensure efficient flow of funds... it has become scammers' paradise.


Bitcoin is many things, but "efficient" has never been one of them. Today if you wanted to send $10,000 to someone in a different country it would be less wasteful and environmentally harmful to cut down a tree and process it into cardboard, put the cash in that cardboard box, and put that on a fossil fuel burning airplane to fly it halfway across the world and hand deliver it to the person.




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

Search: