Reply to post: Greece has already said NO!

Yank my blockchain: Bitcoin upgrade SNAFU borks hungry miners' currency

Ken Y-N
FAIL

Greece has already said NO!

See here:

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Basically, for 10 million Greeks, they could each do one transaction every four days or so, which would be good for eating olives in the sun, I suppose. Furthermore, Greece would be beholden to early adopters, mostly a bunch of Anarchist Capitalists, and to Chinese miners, who provide most of the electricity-wasting security that keep Bitcoin contributing 47 kg of CO2 for every single transaction.

See https://www.reddit.com/r/Buttcoin/ for more realism regarding Bitcoin, and a fuller explanation of how utterly broken the whole Bitcoin "protocol" is.

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