Bitcoin is the ultimate shitcoin for having a useless mining algorithm.

[jvanname]

Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him). Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty. They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass. Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.

-Joseph Van Name Ph.D.

[1714625587]

1714625587

[1714625587]

1714625587

[1714625587]

1714625587

[1714625587]

1714625587

[1714625587]

1714625587

[Edcrypto91]

If you dislike Bitcoin so much why don't you just get rid of your account and move to altcoin .com

[sheenshane]

Lol, and why are you here if you don't like Bitcoin?
Bitcoin's mining algorithm, Proof of Work was indeed designed primarily for securing the network and achieving consensus, not for advancing scientific research.  Due to this process, it provides a decentralized and trustless form of digital currency, so there's no correlation with science.

Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.

So you are included?
Butthurt.

[jvanname]

Edcrypto91 and sheenshane-If you don't want me to be here, then f@#$ you. Bitcoin attracts people like you precisely because it has an anti-scientific mining algorithm.

sheenshane-And Bitcoin's mining algorithm still does not advance science. Trying to justify waste is stupid. The only reason you want to justify waste is because it turns you on for the same reason it turns John McAfee on. And I bet the demons are giving John McAfee the waste he desires in HELL.

[albert0bsd]

I get you troll, but when Bitcoin was made, it wasn't meant to do scientific stuff. It was made to be a new kind of money without needing a middleman.

His main focus was to solve the double-spending, quoting the bitcoin whitepaper

We propose a solution to the double-spending problem using a peer-to-peer network

There is not reference to "advance science" in any place on the paper.

[BlackBoss_]

Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty.

Bitcoin is not altcoin and isn't a shitcoin.

Altcoins are mostly not Proof of Work coins and they are mostly not mineable coins but they are either Proof of Stake or mintable tokens. Mining and minting, staking are very different and Bitcoin is a biggest Proof of Work cryptocurrency if you only compare it to Proof of Work altcoins.

It's meaningless to compare Proof of Work Bitcoin with Proof of Stake or Mintable tokens/ altcoins.

https://howmanyconfs.com/

They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass.

Did Sam Bankman Fried coded or launched any Proof of Work coin? LOL

Please do your research better before you bring discussion here especially when you want to prove Bitcoin is a shitcoin.

If Satoshi Nakamoto is desert, Sam Bankman Fried is a piece of sand in a desert.

[mk4]

Edcrypto91 and sheenshane-If you don't want me to be here, then f@#$ you. Bitcoin attracts people like you precisely because it has an anti-scientific mining algorithm.

So anything that doesn't advance science is anti-science? So, let's say for example if Bitcoin's mining algorithm actually "advances science", would it end up being anti other industries based on your description?

While Bitcoin definitely isn't perfect, it simply won't be able to please everyone lmao.

[Jegileman]

Edcrypto91 and sheenshane-If you don't want me to be here, then f@#$ you. Bitcoin attracts people like you precisely because it has an anti-scientific mining algorithm.

sheenshane-And Bitcoin's mining algorithm still does not advance science. Trying to justify waste is stupid. The only reason you want to justify waste is because it turns you on for the same reason it turns John McAfee on. And I bet the demons are giving John McAfee the waste he desires in HELL.

You were tagged for not being well mentally maybe it relates to what you’re just exhibiting on this post currently. You’ve earned some merits from your past post that were of value to the forum, that shows your mental health was great before now. Sorry, although I don’t know what happened after then, but I wish you quick recovery.

[odolvlobo]

Bitcoin's mining algorithm was never designed to advance science...

An algorithm that "wastes" energy and provides no value is necessary and unavoidable.

Suppose the results from mining had value and miners could access that value. There would be an increase in revenue that would make mining more affordable and attract more mining capacity. The result would be an increase in the difficulty equivalent to the additional value accessed by miners.

In the end, the waste would not change and any value extracted from mining would have a cost equal to its value, and so there would be no net benefit.

Here's a simple example.

Suppose the block reward is 10 bitcoins and the cost of mining a block approaches 10 bitcoins, the value of the block reward (that's how the economics of mining works). In this case, energy worth 10 bitcoins is wasted.

Now, suppose that the results from mining a block produces some kind of scientific value that the miner could sell for 1 bitcoin. Due to economic incentives, miners would then increase their capacity until the cost of mining approaches 11 bitcoins because the extra 1 bitcoin of revenue allows them to break even at that cost. Now, energy worth 10 bitcoins is still wasted and the scientific value costs miners 1 bitcoin.

My belief is that the only way a mining algorithm that produces something of value could reduce waste would be to produce a public good. However, it is not clear that public goods actually exist.

[moneystery]

i'm sure that you're not smarter than satoshi, even a quarter of satoshi's smartness i'm sure you don't have, and that phd of yours i doubt you really have it. so you should stop saying things that are not in your domain because it only shows that you are just a person who talks about nothing and you should be embarrassed because no one here cares about what you say.

[philipma1957]

Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him). Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty. They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass. Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.

-Joseph Van Name Ph.D.

well according to you I am stupid and you gave me a negative trust.

I have a simple question from a simple mind such as myself.

What al gore rythm do you want us to use.

Since I am stupid I guess you won’t bother to answer.

[larry_vw_1955]

-Joseph Van Name Ph.D.

there's no way you are a Ph.D.  

[Smack That Ace]

i'm sure that you're not smarter than satoshi, even a quarter of satoshi's smartness i'm sure you don't have, and that phd of yours i doubt you really have it. so you should stop saying things that are not in your domain because it only shows that you are just a person who talks about nothing and you should be embarrassed because no one here cares about what you say.

Bitcoin is good or bad, it has been evaluated by the world community, and what is happening shows that people are bullish about bitcoin. If OP thinks bitcoin is trash or useless then he should create something better than bitcoin before wanting to criticize or belittle it. If we want to criticize someone, belittle something, we best need evidence or we have to be better than them. If we don't have those things, we are useless people and useless people have no right to criticize anyone.

I don't know if OP has created anything that benefits the world, but I know bitcoin is bringing a lot of benefits to many people in the world.

[DapanasFruit]

I find this post really funny. Saying that Bitcoin is the ultimate shitcoin is quite a big accusation and one has to be careful with something like that because it could just be another FUD at a time when we don't need such a thing. Now, for anyone that dislike Bitcoin am suggesting you go somewhere else away from the cryptocurrency industry. This is not a perfect industry but Bitcoin has already proven itself for so many years and will be a strong influence into the future.

[Forever101]

Well, I think Bitcoin mining mechanism that have not change for years will definitely be due to one or more reason which I think the developers have not find the perfect mining algorithm that will secure the bitcoins transparency and security standard. It is totally useless to bring in new method that corrupt the system. @Op I understand your frustrations over this issue but I think you should observe this matter critically.

And op, I think speaking rashly about bitcoins in this forum will not help matters instead it will spike reaction. Many person have thought about same issue and you and I know it very well that bitcoins developers are still working tirelessly to see how they can improve mining algorithm.

If bitcoins has maintain a good name and a high level of security standard with no incident of any bridging since it's creation, we must appreciate this great effort and look forward a better system.

[davis196]

Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him). Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty. They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass. Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.

-Joseph Van Name Ph.D.

1.Who the hell is "Joseph Van Name Ph.D."? Is that you real name? It doesn't sound real to me.
2.Your response looks really immature and childish. Are you really above 18 years old? Only a kid or a teenager would write such post.
Only a butthurt teen would insult the entire BTC community, only because "Bitcoin mining hasn't been used for science purposes".
I don't mind the Bitcoin mining algorithm to be used for science purposes. If you have a serious proposal just try to spread your message across the miners and developers and try to convince them. Such proposal might get accepted, if we have consensus. Insulting the entire community doesn't help.
If you want crypto mining to be used for science, then why don't you create your own "science coin", where the mining algorithm will be used for scientific purposes?

[Faisal2202]

I will not ask you to mind your own business but I would prefer you to mind your language, if you think the mining algorithm is useless then prove why. Why did you think it should be used in advanced sciences and in what sectors of AS? Why do you think Bitcoin and all other adults are shitcoins, while technically they are not.

They are different from each other in different ways, but you making this statement makes you open to various criticisms. I am an open-minded person, and I am all ears to hear your side. Please share why you think BTC is shitcoin and have a useless mining algorithm

[Charles-Tim]

Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him).

You can simply create your own algorithm and look for ways people Neill support your project. Although, I see your project to be a completely failed one. Satoshi Nakamoto deserves the praise but you critics deserves nothing because you can not create anything but be condemning the good things that other people have created.

[FatFork]

Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.

You don't really mean that! I reckon you're trashing the Bitcoin community not because you genuinely dislike Bitcoin, but because people didn't accept YOUR little shitcoin instead. Let's face it, if Bitcoin never existed, your shitcoin wouldn't have a leg to stand on, would it? Despite that fancy Ph.D. of yours, you couldn't come up with an original idea, so you're just hitching a ride on someone else's brilliance and trying to cash in on it.

And now you're pissed that your little scheme failed.

[Blitzboy]

Okay, I understand your frustration. Satoshi didnt want to progress science. Decentralised value transfer was the goal. Could science have been involved? Perhaps. However, labelling all cryptocurrencies 'shitcoins' may be unfair.

Consider that not all algorithms or procedures benefit society by advancing science. Consider your phone. It doesnt advance research, but it sure simplifies your life, right?

That said, I do see your frustration with the community. However, some of the people you've met may have had bad days or have different viewpoints. Does that make the community or technology "shit"? I doubt it.

Your enthusiasm for science is admirable. However, insults may not be the greatest method to make your argument. Saying "you are pathetic" doesnt help either - so I will not say that