Top all-time · #7490
Unchained
Company blog · unchained-capital.com/blogeconomicsbusiness
Unchained is the company blog at unchained-capital.com, writing about economics and business. Since 2019, 11 different Hacker News readers have linked it 18 times, most often “Bitcoin Does Not Waste Energy”. No feed was found, so read it on the site itself.
Too few sampled comments (5) to say how often HN recommends it.?
Why HN links it
HN commenters link Unchained's blog posts as counterpoints in bitcoin debates, on energy use, whether bitcoin is used for crime, and whether it is a sound savings asset. The comments do not praise the writing.
Summarised by Claude from a sample of 5 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Real bitcoin for real life. Multisig collaborative custody and financial services, including IRAs, loans, trading, and white-glove services for long-term bitcoin holders.
Most-linked posts?
- Bitcoin Does Not Waste Energy5 people · 6 mentions · first linked 2020-10-17
- /blog/bitcoin-is-the-great-definancialization/2 people · 3 mentions · first linked 2021-03-08
- /blog/bitcoin-is-not-backed-by-nothing/2 people · 2 mentions · first linked 2020-10-31
What Hacker News says?
Two google searches take as much energy as it'd take to boil one cup of water. Online porn consumes 6 million kWh [1] yearly. We ignore areas where energy cost is diffuse, which is not the case with bitcoin that is so objectively and transparently measurable. If others find value in online porn, TikTok, air travel for fun, production of processed food and subsequent health crises, long hot showers, and methane-produ…
Comment linking /blog/bitcoin-is-the-great-definancialization/
on “Bill Gates Says that Bitcoin is bad For the Planet”Submitted Bitcoin Does Not Waste Energy as a story · 5 points
HN discussion> when I recently read about its energy consumption (per byte stored), I sold my bitcoins in disgust You fell for the meme... Energy consumption as compared to what? What energy sources? This line of argumentation feels very misleading to me and always has because it is presented with a very specific framing. Here's an alternative framing for example: https://unchained-capital.com/blog/bitcoin-does-not-waste-en... A…
Comment linking /blog/bitcoin-does-not-waste-energy/
on “Bitcoin Is Time”Submitted The Law of Hash Horizons as a story · 2 points
HN discussion> Bitcoin is a terrible savings vehicle for the same reason cash in checking accounts or collectibles are: there is no basis for its value. 10 years is a long time to hold an erroneous belief based on a misunderstanding of what money and assets are. I had the same wrong beliefs as you do now for a long time and misallocated capital at a crucial moment. Parker Lewis explains[0]: > [Bitcoin] is backed by the only thin…
Comment linking /blog/bitcoin-is-not-backed-by-nothing/
on “What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know (2018)”Submitted Caravan: New Open Source Bitcoin Multisig Tool as a story · 2 points
HN discussion> It's bad for the environment Not any more so than other forms of energy consumption. If anything, Bitcoin incentivizes the use of clean renewable energy. https://niccarter.info/topics/ > bad for crime Hard to even parse what that means given how much crime is committed via dollars. https://unchained-capital.com/blog/bitcoin-is-not-for-crimin... > bad for laymen Meaningless drivel. > undemocratic (vote with money)…
Comment linking /blog/bitcoin-is-not-for-criminals/
on “Casa Client Case Study: The Tinder Trap”Submitted Bitcoin Does Not Waste Energy as a story · 1 points
HN discussionBitcoin doesn’t waste energy— https://unchained-capital.com/blog/bitcoin-does-not-waste-en...
Comment linking /blog/bitcoin-does-not-waste-energy/
on “Buying a Bitcoin emits 195x as much CO₂ as buying an iPhone”Submitted Bitcoin Does Not Waste Energy as a story · 1 points
HN discussionBitcoin Obsoletes All Other Money: https://unchained-capital.com/blog/bitcoin-obsoletes-all-oth...
Comment linking /blog/bitcoin-obsoletes-all-other-money/
on “Bitcoin is failing at becoming the future of money”Bitcoin is Not Backed by Nothing: https://unchained-capital.com/blog/bitcoin-is-not-backed-by-...
Comment linking /blog/bitcoin-is-not-backed-by-nothing/
on “Bitcoin is failing at becoming the future of money”Bitcoin is Not Too Slow: https://unchained-capital.com/blog/bitcoin-is-not-too-slow/
Comment linking /blog/bitcoin-is-not-too-slow/
on “Bitcoin is failing at becoming the future of money”Bitcoin Does Not Waste Energy: https://unchained-capital.com/blog/bitcoin-does-not-waste-en...
Comment linking /blog/bitcoin-does-not-waste-energy/
on “Bitcoin is failing at becoming the future of money”13 years into Bitcoin, it’s still not obvious. It's pretty damn obvious once you objectively look at the shit show the fiat currency system has become. It should be pretty obvious that people who work all of their lives can't retire with the money they've saved because their money loses (according to CPI) 2% per year. Instead they have to risk their savings in the stock market or some other investment--remember savi…
Comment linking /blog/bitcoin-is-the-great-definancialization/
on “Bitcoin is failing at becoming the future of money”Another question arises: what is it good for? It certainly isn't empancipating or empowering ordinary people. I'm part of the bitcoin community on Clubhouse of just regular people who've benefited greatly from bitcoin. I'm personally investing in bitcoin due to the uncertain future of USD. It's simple: the dollar is loosing buying its buying power and bitcoin is gaining buying power. USD, gold, bonds, etc. are trend…
Comment linking /blog/bitcoin-is-the-great-definancialization/
on “Bitcoin Is Worse Is Better (2011)”This concern usually stems from the idea that the energy used by the Bitcoin network could be otherwise used for more productive functions. But if, like many, you believe that bitcoin can succeed in becoming a decentralized world currency, the reality is that there may be no greater, more important use of energy than to secure the integrity of a monetary network which coordinates economic activity at a global level.…
Comment linking /blog/bitcoin-does-not-waste-energy/
on “On Cryptocurrencies (2018)”Is it literally a ponzi scheme? Of course not. It's very abstracted but the concept is the same. I'm going to say no on this. It's nothing like a Ponzi scheme by definition, which is the point of the article. A Ponzi scheme is run by a person or a group of people to pay existing participants with the membership fees of new people. Since nobody runs bitcoin and nobody is paying anyone, it's not a Ponzi scheme. Buying…
Comment linking /blog/bitcoin-obsoletes-all-other-money/
on “Bloomberg Foresees Bitcoin Rallying to $400K This Year”