Bitcoin consumes more electricity than Argentina, UAE, and the Netherlands

[rootcon]

I picture the avg miner as some 20 something guy living alone in an apartment heating it by the ASICs and gpus

[jasticus]

cringe

Lol this is exactly why you’re poor and always will be. You legit don’t even understand the objective or the fundamentals of it. You rather be part of a Susyem that gives you fake worthless money

[MyBaddBrah]

I picture the avg miner as some 20 something guy living alone in an apartment heating it by the ASICs and gpus

This is our future. These are our new overlords. They know what's best for us. Everybody's been suffering so terribly until they arrived. #revolution #outwiththeoldguard

[digital022]

This electricity narrative is lame. If you're going to attack bitcoin, expose it for what it is. A highly coordinated and manipulated wealth transfer tool for the coinbase mafia and the likes.

[FAPhaggot]

Itt you snd op snd everyone else would be anti internet in the 90s because it had no use cases. This is why you all are wagecells for life. You have no direction or thoughts. Don’t worry there’s enough of us to open misc island

You tell me what the use case of a digital poker chip is.

Look, you can daytrade and earn money without giving a single fuk about what the underlying is. Ride the coin train momentum and make some money. Play the Gamestop volatility and make money. But if you are holding something long term, you had better be able to make the case of why something is going to be more valuable tomorrow than it is today. Coincels get confused between short term and long term strategy. Short term it's exploding, that means it's going to be super valuable in the long term amirite.

[Jasonw1178]

Government doesn't like anything they can't control/regulate/manipulate and not only can they not do this with BTC so of course they are going to try to find a way to limit it.

We value BTC in how much currency it's worth, but it's getting to where your currency is valued in how much it is worth in BTC.

[ApeXXXPredator]

Good thing we have plenty of natural resources

[yewotm8]

So the narrative is set. Destroy Bitcoin to help with climate change. Check mate.

This is how they were going to attack it for a long time, they were just waiting.

Something will replace bitcoin that can actually be used to do transactions that don't cost dollars each and it will put all the mining *******s out of work.

[digital022]

why does that inbred always defends ****coin like his life depends on it.

A lot of coincels are unhappy with their current situation and this is a means of throwing a 'hail mary' to escape said chit life.

[messomi]

Lol this is exactly why you’re poor and always will be. You legit don’t even understand the objective or the fundamentals of it. You rather be part of a Susyem that gives you fake worthless money

who says I am poor you deranged incel I have more money than you do.

[pondus_levo]

Lol this is exactly why you’re poor and always will be. You legit don’t even understand the objective or the fundamentals of it. You rather be part of a Susyem that gives you fake worthless money

Um, you realize the only thing that gives Bitcoin it's value is people buying it with their fake worthless money, right?




RIGHT!?




****ing moron. How did you get so brainwashed?

who says I am poor you deranged incel I have more money than you do.

Bro, if you don't buy bitcoin you are poor. This is the way.

[jasticus]

You tell me what the use case of a digital poker chip is.

Look, you can daytrade and earn money without giving a single fuk about what the underlying is. Ride the coin train momentum and make some money. Play the Gamestop volatility and make money. But if you are holding something long term, you had better be able to make the case of why something is going to be more valuable tomorrow than it is today. Coincels get confused between short term and long term strategy. Short term it's exploding, that means it's going to be super valuable in the long term amirite.

It’s not a digital poker chip lmao. It was designed to replicate an entire global economy. If you’re looking at it as a way to be greedy to make quick money then that is why you’re lost. The most basic reasons it’s valuable is supply and demand. There’s only 21 million coins. 100 m units called satoshi equal a whole coin just as 100 pennies equal a dollar. In the future once mass adoption has (at 1% adoptions) right now. It will be impossivle to own an entire btc. Even there’s over 50 m millionaires. They couldn’t even own one each. We’re pretty much buying prime land that the rest of the world will move to. Not only that it’s the hardest money in the world. It’s e most scarcest asset aswell. There’s. A hard cap and no more. With gold they just have to mine more and space asteroid mining will happen this century so gold is out of the question. Not only that gold is manipulated. Bitcoin can be but not in the same way and that will stop once the market cap gets large enough no one can mess with it. Also the way btc is designed it will have halvening every 4 years for the next 120 years until the last coin is mined. So imagine in 50 years we hit 100% adoption. You will never know one person who own a whole coin. It will be impossivle and who ever does will be so ****ing rich. This is the gold rush 2.0 in the digital age.

Now looking at the tech. You can ask your self is this an invention or a discovery because the tech is crazy. It’s the only reason block chain exists and all other coins exist. Legit what technology you know of can run 24/7 with zero down time and zero central control. Btc has been running non stop for over a decade. Plus govenrmenrs can’t control it. They can’t stop you from sending money. They can’t seize your money. They can’t do anything. That is why this is so important is because it strips the central banks from control. It allows every day people to own real money that is designed to be deflationary. Fiat has only been around for 300 years. Average fiat lasts 49 years until hyper inflstjon and destruction. Usd is at 50 years. We need a money for the people that can’t be controlled that can’t be seized that doesn’t lose value. And yes there’s volatility but that’s not gonna be the case for ever specially as more people get in. So imagine 1% adoption we see these prices now imsgine 10% and beyond. It’s gonna be unreal. Plus another thing I like is you can memorize 12 words travel any where in the world to recover your money. No one can stop you. You can’t do that with anything else.


This is the future. If you still don’t see it you will see it when everyone else does and by then it’s to late.

Until then the name of the game is to collect as many satoshis as you can before the rest of the world figure it out

[FAPhaggot]

We’re pretty much buying prime land that the rest of the world will move to.

Why can't I move onto Etherium instead of Bitcoin? Why can't I program a dogecoin and make my own land?

Your bull thesis pretty much depends on Bitcoin becoming legal tender, which means government approved and regulated. If it is accepted as legal tender alongside the USD, then Gresham's Law kicks in and BTC will get driven out of the market.

If it's not - and the rest of your case is that it won't be - it's just going to be one of a potentially infinite number of currencies running around in an internet wild west, competing against other coins that are designed to run at huge scale. It's tough to value BTC in a currency Mad Max scenario, but having dozens of better-designed competitors means that even then it wouldn't be the world-destroying behemoth you're pricing it as.

There's just not a case you can make that $50K BTC prices are grounded in anything substantial.

[jasticus]

Why can't I move onto Etherium instead of Bitcoin? Why can't I program a dogecoin and make my own land?

Your bull thesis pretty much depends on Bitcoin becoming legal tender, which means government approved and regulated. If it is accepted as legal tender alongside the USD, then Gresham's Law kicks in and BTC will get driven out of the market.

If it's not - and the rest of your case is that it won't be - it's just going to be one of a potentially infinite number of currencies running around in an internet wild west, competing against other coins that are designed to run at huge scale. It's tough to value BTC in a currency Mad Max scenario, but having dozens of better-designed competitors means that even then it wouldn't be the world-destroying behemoth you're pricing it as.

There's just not a case you can make that $50K BTC prices are grounded in anything substantial.

Doge coin was started as a joke. You can mine 10k coins a minute unlimited supply. Eth may have a future. Problem is it’s all based on if vatilik survives or not. If he’s dead then the project dies plus there’s over 100m eth coins . Btc has no creator and it’s the only true scarce coin out there and look into metcalfes law the net work effect. Btc has it while the rest don’t. Also us government has regulated it. It’s considered property. And with Coinbase being approved by the sec going public tells us they will not be shutting down crypto. Why would they approve it. Also because btc is programmable money itnwill keep evolving and becoming and better. Taproot is coming soon. First update in ywars. It improves scalability, transaction costs and allows you to send private transactions like Monroe. With how btc started you can’t do it twice not in the same way. It’s here to stay and will become bigger and bigger. And one day when we will be using it most people may only have a few thousand satoshis at most and that even may be a lot of money. The world is about to change as the internet changed it.

[AggressiveFun]

Bitcoin Black (coming soon to an exchange near you) requires no mining, transactions are free and instant. The cryptocurrency of the future.

[Barteh]

we consume a lot of energy in the netherlands, but most of it comes from wind and water and solar panels, so green resources

brb solar panels on regular people´s houses.

top tier western europe country > usa

Groen Links voting Polish immigrant detected.

[Johnez]

Hm, wonder how much electricity is used for every credit card transaction.

[jasticus]

Hm, wonder how much electricity is used for every credit card transaction.

I linked actuall charts that everyone ignored. Gaming uses more power than btc. Banking sector using 10x more lol

[Johnez]

we consume a lot of energy in the netherlands, but most of it comes from wind and water and solar panels, so green resources

brb solar panels on regular people´s houses.

top tier western europe country > usa

We've had that in America too brah. For a long time. Lol. Did you guys just get em or what?

[VTheKing]

I linked actuall charts that everyone ignored. Gaming uses more power than btc. Banking sector using 10x more lol

BTC's market cap is a small fraction of the amount of money that gets moved through banking. It's also not a replacement for it.

It's a genuine concern as the currency appreciates in value.

[BulkingIsHard]

I linked actuall charts that everyone ignored. Gaming uses more power than btc. Banking sector using 10x more lol

You have to consider BTC is at less than 1% of world adoption. It is going to be 10x what the banking sector uses if it really does become a global currency.

[AlwaysFocus]

Can't wait until this chit crashes and I can find a GPU. Hope baggies get rekt too since you *******s are enablers of some made up digital coin thats practically worthless.

its a non tangible item, it is worthless


but... MUH BLOCKCHAIN

[Barteh]

We've had that in America too brah. For a long time. Lol. Did you guys just get em or what?

Lol only like 7% of our total energy use is from "green energy". Sloot doesn't know what she's talking about.

[jasticus]

BTC's market cap is a small fraction of the amount of money that gets moved through banking. It's also not a replacement for it.

It's a genuine concern as the currency appreciates in value.

lol at all the fud now all you guys care about energy. Just lol also most will use renewable energy in the future.

Also brb most banking uses energy to heat and cool buildings and other useless stuff

[pondus_levo]

It’s not a digital poker chip lmao. It was designed to replicate an entire global economy. If you’re looking at it as a way to be greedy to make quick money then that is why you’re lost. The most basic reasons it’s valuable is supply and demand. There’s only 21 million coins. 100 m units called satoshi equal a whole coin just as 100 pennies equal a dollar. In the future once mass adoption has (at 1% adoptions) right now. It will be impossivle to own an entire btc. Even there’s over 50 m millionaires. They couldn’t even own one each. We’re pretty much buying prime land that the rest of the world will move to. Not only that it’s the hardest money in the world. It’s e most scarcest asset aswell. There’s. A hard cap and no more. With gold they just have to mine more and space asteroid mining will happen this century so gold is out of the question. Not only that gold is manipulated. Bitcoin can be but not in the same way and that will stop once the market cap gets large enough no one can mess with it. Also the way btc is designed it will have halvening every 4 years for the next 120 years until the last coin is mined. So imagine in 50 years we hit 100% adoption. You will never know one person who own a whole coin. It will be impossivle and who ever does will be so ****ing rich. This is the gold rush 2.0 in the digital age.

Now looking at the tech. You can ask your self is this an invention or a discovery because the tech is crazy. It’s the only reason block chain exists and all other coins exist. Legit what technology you know of can run 24/7 with zero down time and zero central control. Btc has been running non stop for over a decade. Plus govenrmenrs can’t control it. They can’t stop you from sending money. They can’t seize your money. They can’t do anything. That is why this is so important is because it strips the central banks from control. It allows every day people to own real money that is designed to be deflationary. Fiat has only been around for 300 years. Average fiat lasts 49 years until hyper inflstjon and destruction. Usd is at 50 years. We need a money for the people that can’t be controlled that can’t be seized that doesn’t lose value. And yes there’s volatility but that’s not gonna be the case for ever specially as more people get in. So imagine 1% adoption we see these prices now imsgine 10% and beyond. It’s gonna be unreal. Plus another thing I like is you can memorize 12 words travel any where in the world to recover your money. No one can stop you. You can’t do that with anything else.


This is the future. If you still don’t see it you will see it when everyone else does and by then it’s to late.

Until then the name of the game is to collect as many satoshis as you can before the rest of the world figure it out

LOL this kid actually thinks bitcoin will become the world currency?

Everyone that knows anything about bitcoin knows that will never happen. Some kind of blockchain? Sure, but not bitcoin.

You are literally spewing propaganda that's been around for 10 years.

[jasticus]

LOL this kid actually thinks bitcoin will become the world currency?

Everyone that knows anything about bitcoin knows that will never happen. Some kind of blockchain? Sure, but not bitcoin.

You are literally spewing propaganda that's been around for 10 years.

I do and it will. Stay mad.

[messomi]

bump

[AlwaysFocus]

bump

wait till greta hears about this lmao

[rootcon]

Better than scratch off tickets