That 7% will take ages to mine, 2140 is still 120 years ahead of us. You will be reborn twice, don't worry about that in this life.
What toxic waste Bitcoin produce? If you mean heat from Bitcoin Mining, you should be aware of Renewable Energy which is being used by majority of the Bitcoin Mining Operators.
1 person will never be able to get 51% access to the network. When you purchase, price goes high.

To attack the network, you need 51% and that will be 9.9246 Million Bitcoin which is worth 285828.48 Million USD.
Why will Bitcoin's Mining Fee go towards your garbage or schools? Wtf.

Bitcoin has never been perfect and there will always be drawbacks, but what you seemingly want is something that can only come out in a perfect world where every single entity is moral/ethical and every circumstance is ideal. Good luck with that.

Some on your list may be true, some may be not. But have you also made a list of fiat negatives? Bitcoin is an alternative. You might want to take a closer look at the main option in order to have a fairer and more balanced view. Only then could you pass the final verdict and set aside Bitcoin. You might actually end up with a much longer list. There's a reason why fiat badly needs to have an alternative.

Also, Newton's third law of motion is true not just in physics but in other aspects of our existence as well. Every time we eat, we contribute to the world's degradation. Shall we stop eating?

Do other industries generate scrap or waste? Tell me, any industry that is not harmful to the environment? All is to serve human needs, serve human desires. The smartphones and laptops that you are using are also creating certain pollution to our environment. Why don't I see anyone talking about them? Why always bitcoin? Everything has its pros and cons and nothing is perfect, my friend.

Just because you hate bitcoin, you envy its success and you always feel its bad, but for others, its really useful and without any downside.

I think you are trolling the shit out of this thread.... 

Bitcoin mining use less energy than most Fiat financial systems out there, but the math to calculate it, ignore most of the actual energy that are used. (Example : How much energy are used to create cash & coins through mining activities and also the minting process How much pollution and energy are used to transport cash in trucks all over the world)

Where are you getting the 1 to 3 hour transactions from? (Old Legacy Bitcoin or the Lightning Network with it's near instant transactions?)

You are grabbing at straws to find something bad to say about Bitcoin, but there are people like us that can spot that immediately. 

Even though i do not agree with most of the things you pointed out, i will still go ahead to (instead of arguing) say that nothing made or invented by man is perfect, and bitcoin included, bitcoin is not perfect but we still love it, and the love was or is not born of out Bitcoin's imperfection but based on the brighter side of it, nothing is perfect in this world even human beings, so why has bitcoin's imperfection become such a problem?, the most important thing here is that, bitcoin solves more problems than it creates, that is the importance in everything that is good,.

And talking about how much energy that is burnt in the process of mining bitcoin, the game industry consumes far more energy than what mining bitcoin consumes, why has everybody focused on bitcoin instead ?

So is the power supply in the device that you are typing this post (and my post, and the server that runs this website, and your name server, and your ISP, and Cloudflare, and... oh wait  )

That is not specifically a Bitcoin problem. That is a problem with technology in general.


Do you think the central bankers will waste all of their money to:

1. Buy all of the ASICs from all of the miners (coins do not count because you cannot manipulate blocks using coins in proof of work).
2. Buy up as many warehouses as necessary to host them with proper heating and cooling (billions more dollars)
2. Replicate 14 years worth of block history which will likely cost even more billions of dollars to electricity companies?

If they do that, then it will just as well be the central bankers who bankrupt themselves.


To be fair, a lot of gold miners have actually exploited slave labor to extract the gold for them. But nobody has ever tortured another to mine bitcoins for them.

Every item in the world has both positive and negative features. Nothing is perfect. So yes what we can do is just measure the positive and negative aspects and then use those item. Bitcoins do have some negative features, but the things that you have mentioned in the OP, I am not fully satisfied with those. We should see what positive features Bitcoins has, and how to get benefited by it. Bitcoins decentralised and anonymity feature is not doubt the USP for which people are ready to overlook any disadvantages Bitcoins have.

This something impossible and I knowing too well that one can't sleep a day without food.
Sometimes I wonder how people do their analysis without also considering other factors and if there were no bitcoin, was there anything that could serve as an alternatives currencies that would relief us from bank drama I don't think then if there were something like that and it's good to have bitcoin, but whatever they case may be op should show look other negative side of banking system, oil & Gas industry as well and what could he factor out from those companies.

For reference, OP keep saying similar statement on multiple threads
only 7% of supply is halving
Bitcoin is 93% mined today, will the future be born into 100% premine like fiat
So when bitcoin version 2 satoshi?

and some more. I would suggest reader on this thread to ignore OP since it seems he only make very few reply before creating new similar thread.


Did Hal really said that?


Source: https://xkcd.com/285