[15130]

I don't agree that "fuck all" is being produced. However, I do agree that Bitcoin is a waste of energy. Tangentially though, the stock market also uses a lot of power and no one is really complaining about that.

There's a lot of newer crypto currencies that use significantly less power. For example, Bitcoin uses ~700kwh per transaction, while Dogecoin only uses ~0.1kwh per transaction. Unfortunately, they are nowhere near as popular as OG Bitcoin.

btc versus doge is not a cogent comparison if all you're going to highlight is how much juice a "transaction" burns. i'm not sure what you mean by "transaction" in this context. and on some levels - the wrong ones - i think you could say doge is far more popular than bitcoin.

your first point gets at something real: compared to current global financial systems and infrastructure, bitcoin's energy usage is small.

importantly, the shift of mining out of china due to their bans is a huge win for cleaning up the energy sources driving mining. away from coal into cleaner sources in the us. still, the scale is small by comparison to global financial infrastructures - including the actual mining of gold/silver.

 

[long_gone_silvers]

I don't agree that "fuck all" is being produced. However, I do agree that Bitcoin is a waste of energy. Tangentially though, the stock market also uses a lot of power and no one is really complaining about that.

There's a lot of newer crypto currencies that use significantly less power. For example, Bitcoin uses ~700kwh per transaction, while Dogecoin only uses ~0.1kwh per transaction. Unfortunately, they are nowhere near as popular as OG Bitcoin.

Dogecoin isn't as popular because it's not a viable currency. It was created as a joke. The apes with diamond hands are riding this bitch to the moon though, so it's gonna have some value for a while. Until people cant ignore it's designed to lose value forever.

 

[Jack MeHoff]

Dogecoin isn't as popular because it's not a viable currency. It was created as a joke. The apes with diamond hands are riding this bitch to the moon though, so it's gonna have some value for a while. Until people cant ignore it's designed to lose value forever.

so it's similar to the U.S. dollar ?

 

[15130]

so it's similar to the U.S. dollar ?

in terms of being inflationary, yes.

 

[Chromer J]

so it's similar to the U.S. dollar ?

You mean the federal reserve notes that we currently are forced to use? What are those compared to a true United States Dollar? What is the federal reserve? What are private western central banks? When were they installed over the 98% of countries on earth? Why are private western central banks gifted with the ability to create currency then charge the public interest on the money they were gifted the ability to create (in our case this was most recently in 1913)? Would bitcoin have surpassed a trillion dollar capitalization if we had an honest monetary system? Do private western central banks (and their owners) control and install politicians (from both sides of the isle) to advance their agenda of centralized control? Does a massive moral hazard exist pitting the interests of private western central banks and the 99.9% against one another? Does this moral hazard incentivize public debt and debt slavery? Is our private western central bank, (known as the federal reserve, but no more federal than Federal Express), ever audited? Why not? What kinds of deals would pile on massive public debt for central banks to charge interest on? Does this debt, which equals money creation, serve to dilute the existing money supply and act as the fundamental driver for inflation - a hidden tax borne largely by the non-asset owning middle and lower class? Do certain entities promote these debt schemes? Do central banks take public interest in promoting these schemes? Are the third parties promoting the schemes that saddle the public with debt controlled by banking interests? Has our private western central bank advanced their interests in the last 108 years? Will they advance their interests in the next 10? Is an otherwise efficient form of capitalism compromised by a foundation built upon a system of corrupt private western central banks? Would bitcoin threaten this system? So many questions. Propoganda theorists will follow with their answers shortly.

 

[Deceased]

.

i don't think i insulted you, i can't see what you're referring to. no superiority here, nor smarts. you just keep saying, "i don't know about bitcoin", and then following that up by summarizing the whole thing in absolute terms. but let's not fuss any longer. i bet if you looked into this you'd see how much it aligns with many concerns you've expressed about society and government.

I'm not insulted really. Inflection ect is hard to come across in print. I will say this. You have got my attention. I now do want to study up on bitcoin and crypto in general. I don't know nearly enough about this stuff to talk out my ass. I mean why should that stop me though (sarcasm here)? I don't understand it but clearly should. You're starting to make allot of sense. I thank you for your patience in all non sarcastic sincerity.

I'd also like to thank @Chromer J for sending me some literature via PM. You guys are educating me and might in the process make me some money. When I finally get that yacht with all my crypto trading to come I'll take both of you for an exciting exotic trip for tuna. If it doesn't work out you can still ride in my drifter for chum. In all seriousness, thank you to you both. You are making a dense and often stubborn man smarter and more open minded.

 

[Jim Travers]

I prefer BIGcoin. It's been on the rise among certain circles of heavy investors and major players in the big money games. Highly valuable coin!!!! Currently being marketed by some guys outside my local casino. I gave em $200. Put $200 into BIGcoin cause these guys said it was about to go big. Figured ah what the hell YOU NEVER KNOW!

 

[gone johnson]

Go BIG or go home!

 

[Egbert Willard]

Looks like BTC is going home)

 

[Jim Travers]

Eastern slopes of the cascades always good for minin' bit. Allegedly in the 1880's there was guys pullin' bit out of the ground at BIG RATES!!! talkin' big bucks!!! Can't quite recall the finer details but I know enough about ancient geology to know that there are big bit deposits on the eastern slopes of the cascades!!!!!