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I bought the dip.
More dips incoming...
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Free registration at the forum removes this block.I bought the dip.
LFG!!I bought the dip.
What I appreciate is the relationship between power consumption and value delivery to the network.
The network rewards hashpower - hashpower becomes a revenue source tied to power consumption - margins increase with more efficient power consumption, long-term incentives encourage sustainability/predictability of the power source (fossil fuels are rather volatile in price and have an innate limit to the source, never-mind environmental impacts and geopolitical constraints within that market).
Climate change is encouraged and rewarded within a system like this - so with the proper incentives in place it actually makes me more optimistic about power consumption in the future.
What cryptocurrencies allow for is settlements to be established around power. For example a very large waterfall in a remote area with proper infrastructure to harvest energy can perform mathematics in such a way as to provide value to the entire network. The return on this value to the global network can allow for further infrastructure development and human settlement around such areas.
Lol x100,000,000How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
I know you can’t be reasoned with because of your inflammatory post… But… an understanding of supply and demand economics might lead you to a different conclusion… Like more demand for power actually makes renewables more competitive and viable.How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
Every invention is first met with ridicule. Blockchain is the same fad as the internet was in the 90s, and we all know how it turned out. Total fake. I type this on my trusted typewriter with carbon copy to you. Postal service should deliver this message to you in less than a week!How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
LolHow f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
If you're serious and not just trolling then here are some reading resources to start to understand the value proposition of BitcoinDidn't expect to trigger a lot of you bitcoin fanboys like that, sorry, but none of you explained what value it is actually capable of providing to our society? You all just attempted to either ridicule my statement, or argue that burning excessive amounts of fossil fuels is somehow a good thing..?
Mining bitcoin consumes an absolutely agregious amount of resources. Why don't one of you try telling me what problems (that someone actually has,) that bitcoin is solving, or is going to solve in the near future? Because as of right now, bitcoin exists solely as an investment vehicle for investors.
Let me get this right, you have done no research and want me to educate you after you make trolling posts? No, thanks. Do your own work. There is this other news thing, probably a fad too and uses electricity!, it’s called Google, try it.Didn't expect to trigger a lot of you bitcoin fanboys like that, sorry, but none of you explained what value it is actually capable of providing to our society? You all just attempted to either ridicule my statement, or argue that burning excessive amounts of fossil fuels is somehow a good thing..?
Mining bitcoin consumes an absolutely agregious amount of resources. Why don't one of you try telling me what problems (that someone actually has,) that bitcoin is solving, or is going to solve in the near future? Because as of right now, bitcoin exists solely as an investment vehicle for investors.
Didn't expect to trigger a lot of you bitcoin fanboys like that, sorry, but none of you explained what value it is actually capable of providing to our society? You all just attempted to either ridicule my statement, or argue that burning excessive amounts of fossil fuels is somehow a good thing..?
Mining bitcoin consumes an absolutely agregious amount of resources. Why don't one of you try telling me what problems (that someone actually has,) that bitcoin is solving, or is going to solve in the near future? Because as of right now, bitcoin exists solely as an investment vehicle for investors.
Uninformed guy shares opinions based on zero knowledge and 100% feelings. Close your eyes, and you'll fail to see anything at all.How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
This post is better. At least you explain why you think crypto is throwing us back to the stone age of trade. If you want an explanation, you should ask questions to increase your knowledge.Didn't expect to trigger a lot of you bitcoin fanboys like that, sorry, but none of you explained what value it is actually capable of providing to our society? You all just attempted to either ridicule my statement, or argue that burning excessive amounts of fossil fuels is somehow a good thing..?
Mining bitcoin consumes an absolutely agregious amount of resources. Why don't one of you try telling me what problems (that someone actually has,) that bitcoin is solving, or is going to solve in the near future? Because as of right now, bitcoin exists solely as an investment vehicle for investors.
I think you fail to see how much energy the USD, Euro etc uses.How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
Nah, he deserves the shit.I think you fail to see how much energy the USD, Euro etc uses.
They use POW, and no, it's not "proof of work", but "proof of WAR"... ask Sandam Hussein, Gadhafi and the rest what happens when they sell their oil in another currency that is not the USD token... "-Hello you might want some democracy, just talk to my gun."
And you know, those armies and their killing use a lot of energy, much more than BTC.
Oh and you could calculate how much energy is wasted when people work their entire lives and loose their savings to inflation. I guess the energy is not really "lost" but "stolen" in that case. Btc prevents you from being robbed by your government. That is a big deal and a big problem solving.
You also can move around with hundreds of millions of dollars and access it just with memorized words in your head, nobody will know that you have the money so nobody can take it from you. I don't mean to give you shit but I think you hadn't research bitcoin and crypto very much. There are many more use cases.
Trustless computing systems..... no value there right?
Anyone has a hardware wallet? I own close to 6k in crypto, so i am thinking about getting one.
I ended up buying a Trezor wallet.yeah I bought a ledger nano S but I havent had to use it yet. Metamask, mobile wallets ( not so much anymore) and a little on exchanges have been enough for me so far. I have read that you need to update the firmware regularly for it too function properly...(something like that) and that the fees ( withdrawal etc.) can be high.
I think they are good for long term holding as a personal safe/vault.
Anyone try out Ellipal or any other air gapped wallets that never need to connect to a computer?I ended up buying a Trezor wallet.
I am a bit disappointed. It's not so easy to use and it was fairly expensive for what it is.
Cryptocurrency value come from community consensus that are built, developed and communicated primarily through social media. Because only a few coins (top ten market cap for instance ) can survive after competing for years with thousands of other coins and subsequently develop the largest users/network.Didn't expect to trigger a lot of you bitcoin fanboys like that, sorry, but none of you explained what value it is actually capable of providing to our society? You all just attempted to either ridicule my statement, or argue that burning excessive amounts of fossil fuels is somehow a good thing..?
Mining bitcoin consumes an absolutely agregious amount of resources. Why don't one of you try telling me what problems (that someone actually has,) that bitcoin is solving, or is going to solve in the near future? Because as of right now, bitcoin exists solely as an investment vehicle for investors.
What do you think of the argument of Ethereum being highly centralized, that Vitalik Buterin and his friends got near the money printer early and are all billionaires now. And that they call the shots, like moving to PoS even against much of the entire net's will. And that this move will stablish their power since they have so much Eth that they will stake and run the nodes that validate transactions. Also Vitalik is working with JP Morgan executives (aren't we triying to get rid of this people?).
And just an observation, Buterin and his team are based on Switzerland, same as the IMF, WHO, and many of the globalist "let's do a great reset folk".
I mean, I love the concept of the decentralized world computer, I just think its fair to ask hard questions. Is this a great project but with something of a rotten inside ?
Let me know what else allows me to send thousands of dollars in seconds or mere minutes to people in other countries for a few cents-dollars. Thanks!How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
Yeah but that’s Bitcoin. Old mans play. There will be something else way more energy3 efficient like Nano.How f*cking ridiculous is it that we've started burning absolute heaps of energy to produce fake internet money?
I fail to see how crypto is advancing society rather than throwing us back to the stone age of trade.
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