MultiversX Tracker is Live!

Why is Linus (Linus Tech Tips) so ignorant about Bitcoin?

Bitcoin Reddit

More / Bitcoin Reddit 80 Views

Whenever he mentions Bitcoin, you can sense his ignorance. Just have a look at some old videos from 2020 or later. There are statements like these:

1.

"Bitcoin may not necessarily be the solution, but blockchain is brilliant."

So, he prefers data being centrally entered into a decentralized database? Then why not just run a regular database on AWS?

2.

"The inventor of Bitcoin surely wouldn't have wanted warehouses full of ASICs consuming more electricity than some major cities."

But at the same time, he ignores that Bitcoin mining can also have positive aspects:

CoinDesk article: https://www.coindesk.com/consensus-magazine/2023/03/06/bitcoin-mining-is-good-for-the-energy-grid-and-good-for-the-environment/

3.

Or consider the following statement:

"The prices of graphics cards are so high because of Bitcoin miners."

But he ignores the fact that graphics cards are not used for Bitcoin mining...

For example, if you engage in graphics card mining with NiceHash, you mine some random altcoin and get paid in Bitcoin through NiceHash. But just because you're paid in Bitcoin for your computing power doesn't mean you're engaged in Bitcoin mining.

Here's the link that likely proves Linus hasn't really spent 10 minutes delving into Bitcoin, why bother when bLoCkChain is supposedly better...

YouTube video: https://www.youtube.com/watch?v=UQ1JE43L9mI

I would like to see a debate between Linus and Michael Saylor. Linus' arguments would be rendered useless within 10 minutes, as they would be refuted by facts.

submitted by /u/justwhyidontgetit
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments