31–40 of 1001 posts
Bitcoin is a Ponzi scheme.
If Bitcoin is a Ponzi scheme, then gold must be as well.
Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.
Negative yielding debt is literally a waste of time. Money is worth less as you move into the future. Fiat is literally a black hole.
Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.
Everything on the planet uses energy. Why are people so obsessed with Bitcoin's energy usage in particular?
Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.
In the winter I ride my bike down streets lined with cars idling because their owners don't want to ride in the cold for a few minutes. In a way I appreciate bitcoin for its absurd and unambiguous wastefulness. It's sort of the perfect expression of consumerism, destroying the precious and irreplaceable earth for something immediately disposed of.
Energy consumption != energy production. Bitcoin is incentivizing reusable energy and moving energy to cheaper locations, further from cities. I suggest you look into how it's actually quite positive for the Earth.
Time is money. Bitcoin is wasted time. And wasted money. And wasted energy.
In the winter I ride my bike down streets lined with cars idling because their owners don't want to ride in the cold for a few minutes. In a way I appreciate bitcoin for its absurd and unambiguous wastefulness. It's sort of the perfect expression of consumerism, destroying the precious and irreplaceable earth for something immediately disposed of.
Earlier quoted context omitted.
Everything on the planet uses energy. Why are people so obsessed with Bitcoin's energy usage in particular?
Because it’s enormous? A colleague just finished putting together a 125MW BTC mining operation. That’s sheer insanity. Nobody has ever been able to explain how Bitcoin saves the world from climate catastrophe by using 0.3% of all electricity.
Why would you think that Bitcoin needs to accomplish that particular task? As far as I know ending climate change has never been mentioned as a goal or desirable outcome of the project.
Earlier quoted context omitted.
What percentage of assets are negative yielding? They can’t all be negative in real terms.
All cash is, also any investment below inflation - so most bonds.
Bitcoin is a Ponzi scheme.
Bitcoin supporters will never sell, thus there is no bottoming out. It's actually just money, you're likely missing something.
Bitcoin is entropy. Sheer wasted electricity.