241–250 of 278 posts
Miners could organize and generate some goodwill by offering to pay more for their power use. So that'll never happen.
Warren Buffet and other billionaires love to complain that they pay too little in taxes. They could band together and give the IRS more revenue yet they don't. If billionaires won't do the right thing, why the hell do you think small town Joe Schmoe should?
Earlier quoted context omitted.
That has happened like half a dozen times before in the history of Bitcoin. Not really a sign of demise.
Bitcoin has a lot of interesting failure modes if the price falls too far. People will start taking mining hardware offline. This will result in a lot of idle capacity. There will be a number of people capable of pulling off a 51% attack. And if the hash rate falls very quickly, say 50% in a week, the difficulty adjustment will be unable to keep up. This would have all sorts of nasty effects. If the price goes to $40…
Will you short bitcoin then?
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…
But... but, its math, and new. So it must be cool. Right? Plus when they talk about it they get to say 'crypto' which sounds hackeresque. Humans are hilarious. Anyone here old enough to remember the dot-com boom with absurd business models, that, when questioned, got the response that you obviously just don't 'get it'. Proof of energy consuming work as currency is a sure path to environmental catastrophe.
https://www.itnews.com.au/news/turnbull-directed-dta-to-stud...
“Lots of vendors were [also] coming to government and talking about blockchain.”
Not a good way to determine expenditure...
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…
This comment applies to any revolutionary technology. Let's substitute cryptocurrencies with "the internet" in 1999: - people trading 'stocks' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off capital and giving a load of shitty excuses 'it could be like Detroit at the beginning of…
If you had said blockchain vs internet then it might have made for a marginally plausible line of reasoning. Blockchain at least has some proven real life applications that scale.
Earlier quoted context omitted.
I last built a gaming rig in 2012 and just this January decided it was time to upgrade. It took me a bit to figure out why the hell a mid-range graphics card was $700 minimum.
Good for Xbox and PlayStation which are screaming deals right now.
Earlier quoted context omitted.
Low-cosumption residents are then forced to live with the externalities of the generation infrastructure as well as the externalities of the behaviour induced by the electricity subsidy while benefiting the least from the subsidy - it seems like a pretty bad policy.
If it’s a public municipal utility, any dividend in lieu of price reductions, should go to the local government, not the individual residents. The local government could then issue out checks to everyone if they want, but more likely it would go towards general budget and benefit everyone.
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…
If all you want to continue posting emotional comments on how much you hate bitcoin, then by all means I wont stop you. but to attempt to dismiss the currency as a toy strikes me as delusional and a bit sad. Approach this issue (and any other) with a level head. Don't let emotions take control you like this.
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…
It's irrelevant what the customer wants to use the electricity for. The increase in electric cars is already challenging how we manage our power grids. If it's in demand, charge more.
Lasing out against noise or heat I can understand, but unless electricity is being subsidized, I can't fathom the line of logic people take to justify lashing out against how someone chooses to use electricity they're pay for.
I suspect it's due to irrational hate rather than sound reasoning.
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…