@Osiris Altcoins are fine. They're not the agenda. The environmentalists going after bitcoin specifically is the weird thing.
There are major power consuming industries out there. As far as power is concerned, bitcoin mining and transactions are practically nothing alongside the normal things in the world use power. And if people really wanted to address power issues associated with computing (which nobody bothers with because computers are a drop in the bucket alongside normal power use - even including bitcoin mining), they would work on making more power-efficient computers, not targeting this one specific use of computers to mine bitcoin. That would help with all kinds of power issues beyond the bitcoin ones.
It's too bizarre to single out bitcoin mining and bitcoin transactions as some kind of environmental issue when it's barely a drop in the bucket and there are more far-reaching computer improvements to focus on if people are actually concerned about computers using power. There's some weird agenda there that I can't figure out.Read More
@adam-l The new US administration is hot to trot on the green deal and big climate change regulation. At the same time, bitcoin is coming more into fashion and way more into the public eye as big institutions invest in it.
So it's become fashionable to complain about bitcoin mining being power-hungry, and bitcoin transactions being inefficient with their power use. That's not a bug. It's a feature. Bitcoin's supposed to get hard and expensive to mine as time passes to limit the amount in circulation and maintain its value. And transactions being more costly and cumbersome makes them a little more secure and deliberate. Sending bitcoin is a little more serious than sending an e-mail.
A lot of kids who want their alt-coin flavor of the day to moonshot are down on bitcoin and constantly shilling nano, ada, and a few other alternatives. But the big institutions continue to invest primarily in btc and eth.
I haven't quite figured out the agenda, though. A bunch of servers mining bitcoin are a drop in the bucket compared to actual power consumption by normal stuff. Bitcoin's not eating up the world's power supply or ruining the environment. It's barely there compared to everything else that uses power. And nobody's pushing for more efficient computers that consume less energy (which would make everything computer-related use less power, not just bitcoin mining and transactions). They're just attacking bitcoin. There's some kind of agenda there going on.Read More
@destraht Doesn't matter much to me. If I had to pick between first word scheming Israel and the dirty Islamic block, I'll take the Jews any day of the week. I wouldn't want to live in Israel or even really visit, but if everyone in the region starts bombing each other, I'd rather see Israel in charge than any other Middle Eastern country.
@redpillschool Que the liberal declaration: "Free speech doesn't mean freedom from consequences if you say something the people who have power over you don't like."
This trans thing is actually pretty out of control. If you don't believe that a man becomes a woman simply by saying the words, but you don't discriminate, you wish nothing but happiness and success on all people including trans people, and you do nothing that impedes the success and happiness of trans people, or any people, that is NOT enough.
If word gets out that you do not believe the way they believe, the mere fact that you BELIEVE something they think is wrong is hurtful and makes any space you occupy intolerable for them. You don't have to do anything discriminatory. You can even be helpful and help trans people along the way toward success and opportunity. But the mere fact that you believe something they don't and are allowed to exist is itself hurtful, and you must be kicked out of any space they may want to occupy to protect them from you.Read More
@neo_ Yup. It's only a matter of time before "must have negative covid test to travel" becomes "must have proof of up-to-date covid vaccine to travel". Down the line, it will be "must scan covid vaccine card to enter the gym or grocery store". Then "must upload a copy of your covid vaccine card before your Tinder profile is approved for use".
There's no not getting this vaccine. It's going to be required to live a normal life in most countries worth living in.
@jpwilk Most but not all cryptos limit what can be mined. By design, they get more and more difficult to mine over time until eventually it hits the maximum amount allowed to be circulated and there's no more to mine. Then, people just trade around what exists.
Other cryptos don't limit mining in that way but periodically burn off coins. Some inflate forever, but those are usually situational tokens that get used for stuff.
@Fawk_Face I'm worried a little bit about where ADA caps out and how much of the ship has already sailed. It's got 300 times as many coins in circulation as ETH. Even if the technology is awesome, we probably won't ever see a $2000 ADA. It might not even crack 10$. It looks like there's still room to grow, but with the high market cap, it's going to take a lot of activity to budge the price.
I think the people who got in at 10-20 cents will do really well, but the people FOMO-buying in at 1.30 might end up seeing a slow 3-5x rather than a sudden trip to the moon.
@Fawk_Face You're still bully on the 9k ETH by the end of the year?
It's getting a lot of flack for the big gas fees and the over-hyped 2.0 version. I think it's a good buy, but back when it was shooting up from 700-1500, it was running laps around everything. It's slowed its roll a bit and the FUD crowd is claiming it's going to get replaced by better alternatives.
@TiberiusBravo87 It's probably just the bitcoin futures thing. Mining pools and other whales were dumping to keep the price down, and now the market is shell-shocked by the dip and a lot of normal people are panic-selling. They wake up in the morning and see a partial recovery and rush to sell at that partially recovered price before everyone else can, driving the price back down during the day.
Crypto is a worldwide thing, and most people pay taxes on crypto profits and have been for ages. This dip isn't people cashing out due to fear of government regulation.
Most YouTube gurus think things are going to bounce back in March-April. Either this is the near-bottom and BTC turns back around and pulls some of the other stuff up with it (it's struggling with 45k as resistance currently) or there's one more fall to the 40k level, where most people think the buy pressure is going to be too huge for BTC to go any lower. If BTC drops that low and springs back, the price of everything will go up pretty impressively. But this will probably be the last big wave of the bull-run, so think about taking some profit during that ride. (Unless something really has fundamentally changed in the market thanks to all of the whale and institutional involvement.)Read More