Bitcoin
- Thread starter Ron Resnick
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The world’s top cryptocurrency, bitcoin, is set to consume some 95.68 TW/h (terawatt-hours, or one trillion watts per hour) by the end of the year, according to the Cambridge Bitcoin Electricity Consumption Index.
That’s about the same as the power consumption of the Philippines.
www.rt.com
Were not even talking other coins " green coin "
That’s about the same as the power consumption of the Philippines.
Bitcoin's power consumption for 2021 has already surpassed the whole of 2020 – study
Bitcoin's power consumption for 2021 has already surpassed the whole of 2020 – study
Were not even talking other coins " green coin "
We've been here already.The world’s top cryptocurrency, bitcoin, is set to consume some 95.68 TW/h (terawatt-hours, or one trillion watts per hour) by the end of the year, according to the Cambridge Bitcoin Electricity Consumption Index.
That’s about the same as the power consumption of the Philippines.
Bitcoin's power consumption for 2021 has already surpassed the whole of 2020 – study
Bitcoin's power consumption for 2021 has already surpassed the whole of 2020 – study
Were not even talking other coins " green coin "
The traditional fiat based finance system uses WAY more. Read my earlier post on the subject.
Don't listen to provably wrong FUD.
This obvious problem has been obvious for years. Masses of information and documentaries on it. Wastelands of poorly built towns/cities almost derilict/unpopulated supposedly a great investment.ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Chinese madness/idiocy.
And now suddenly a problem? What nutcases thought this cause was worth lending to? Couldn't be western bankers could it?
Buy Bitcoin and bypass banking and government sector lunacy. Backed by nothing apart from scarcity and the belief of the people. At least one better than fiat.
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Markets use to be better at forecasting economic problems. QE changed all that....black swans surprise markets,but how can you miss a black swan.
Back in the Nixon era C Douglas Dillon and Paul Volcker made a deal with the Chinese. The Big American banks would finance the industrial revolution and they let the USD float against other currencies while Corporate America invested in China and America received constant stagflation even to this day.
Yes Western banks have always sold out America. What will be the next great screwing? Big banks have already said they will steal from depositors and a SDR based monetary system which China will be a large stakeholder to reflate the World economies after stock markets and assets revalue downward.
Bitcoin I suspect will be sold heavily in Asia as liquidity dries up, Bitcoin is in a bear market...could be wrong. Though it will be the first to bottom a long with gold. May we live in interesting times.
Btw Evergrande is just the fuse among many as the stock market is just a barometer of corruption and human psychology. The big question will the "Bezzle" be exposed...only by the majority of people if they demand it. America has lived with a corrupt power structure practically all my life...so I doubt it and that is the reason Bitcoin,Gold and Silver will always be in demand but still be in cycles....just human nature. EOR
Does Powell actually believe what he says?
Mandate for the fed is job growth / " price stabillity "
.
Afaic its the biggest scam job ever by the big banks( which own/ are the fed ) / politicians, they make madoff look like a boy scout .
They will " try " to inflate their way out of it ( no real tapering / interest rate hikes )
If bitcoin can put a brake on big banks monetary control /government spending i m all for it .
Gold standard can do that job as well , america s biggest economic boom was when it was on a gold standard, when nixon took it of government spending exploded
Conclusion now its the lower and middle class thats hurting ( renters and people without stocks)
Mandate for the fed is job growth / " price stabillity "
.Afaic its the biggest scam job ever by the big banks( which own/ are the fed ) / politicians, they make madoff look like a boy scout .
They will " try " to inflate their way out of it ( no real tapering / interest rate hikes )
If bitcoin can put a brake on big banks monetary control /government spending i m all for it .
Gold standard can do that job as well , america s biggest economic boom was when it was on a gold standard, when nixon took it of government spending exploded
Conclusion now its the lower and middle class thats hurting ( renters and people without stocks)
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Fed use to be maybe 20 pct Central Bankers. Paul Volcker was the last and Greenspan the first of many lackeys for the Power Structure. I remember seeing Harry Browne at the Masonic Auditorium in San Francisco when I was in high school.Pretty young for a gold bug who read Franz Pick.
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As audiophiles you may wish to invest. It might get huge in a few years.
The judge of spelling correction sez bullshit.
Check out the Lightning network. It's not the same as owning the blockchain lookup indices, which I recommend you do for true ownership on your own memory storage system.
The Lightning network is a wrapper around a scarce asset. I have been thinking about it for a bit. TBH I haven't come to a conclusion about it so far. I should probably have a good look at the code....
I am no technician, but BTC is looking pretty strong to me. BTC re-took US$59,999.00 overnight.
Sounds more desperate than it should for a true bull.
It should say something like: "I had 29.8 billion lying around but I realised I loved money more than the price of it. So I bought and held just to see a number rising for a giggle."
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