Bitcoin is Godzilla...

This forum is for anything not Reason related, if you just want to talk about other stuff. Please keep it friendly!
Post Reply
User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

16 Mar 2021

...and it's coming to crash the party! :lol:

r11s

User avatar
Burton
Posts: 24
Joined: 15 Mar 2021

17 Mar 2021

I do not even know. I am still distrustful of all these cryptocurrencies. There is such a stir around them now, but in fact it is still difficult with them. They cannot pay for their purchases in any convenient place. The situation may change in the future.

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

17 Mar 2021

Burton wrote:
17 Mar 2021
I do not even know. I am still distrustful of all these cryptocurrencies. There is such a stir around them now, but in fact it is still difficult with them. They cannot pay for their purchases in any convenient place. The situation may change in the future.
:puf_smile: Bitcoin is more like gold. You don't spend it, you save it.

Nobody uses gold to buy coffee or lunch.

Bitcoin is for larger items, like cars.

Image
r11s

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

17 Mar 2021

r11s

User avatar
Burton
Posts: 24
Joined: 15 Mar 2021

18 Mar 2021

BRIGGS wrote:
17 Mar 2021
Burton wrote:
17 Mar 2021
I do not even know. I am still distrustful of all these cryptocurrencies. There is such a stir around them now, but in fact it is still difficult with them. They cannot pay for their purchases in any convenient place. The situation may change in the future.
:puf_smile: Bitcoin is more like gold. You don't spend it, you save it.

Nobody uses gold to buy coffee or lunch.

Bitcoin is for larger items, like cars.

Image
Gold is still a physical material and has been in value for centuries. While cryptocurrencies are still a little-known area. It is difficult to predict from the future. I'm not an alarmist, but at first I'm skeptical about anything new.

User avatar
pushedbutton
Posts: 1538
Joined: 16 Jan 2015
Location: Lancashire, UK
Contact:

18 Mar 2021

I'm all about the dogecoin personally.
@pushedbutton on twitter, add me, send me a message, but don't try to sell me stuff cos I'm skint.
Using Reason since version 3 and still never finished a song.

Zulalancho
Posts: 6
Joined: 18 Mar 2021

18 Mar 2021

When last spring it was possible to take 1 BTC for 4k, I thought that this was the end, it is not stable, it is not worth buying, now it was 60k and I understand how I screwed up

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

18 Mar 2021

Burton wrote:
18 Mar 2021
Gold is still a physical material and has been in value for centuries. While cryptocurrencies are still a little-known area. It is difficult to predict from the future. I'm not an alarmist, but at first I'm skeptical about anything new.
11 computer years, is ancient. :lol:

In fact, there are 8,870 cryptos now. (most are trash)

see: https://coinmarketcap.com/all/views/all/

Where have you been?
r11s

User avatar
jam-s
Posts: 3036
Joined: 17 Apr 2015
Location: Aachen, Germany
Contact:

19 Mar 2021

While bitcoin is mostly just a waste of energy, filecoin on the other hand has at least a useful proof of work mechanism.

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

19 Mar 2021

jam-s wrote:
19 Mar 2021
While bitcoin is mostly just a waste of energy,
That's like saying.. it's a waste of energy to supply life boats for a ship.

Image

It didn't end well.
r11s

User avatar
jam-s
Posts: 3036
Joined: 17 Apr 2015
Location: Aachen, Germany
Contact:

19 Mar 2021

BRIGGS wrote:
19 Mar 2021
That's like saying.. it's a waste of energy to supply life boats for a ship.

It didn't end well.
Your analogy does not make much sense as Bitcoin is the sinking ship in the long run due to inherent scalability problems. Once it gets to unbearable (or if some of the founders pull out with billions of cash the system will go down and the vultures will quickly switch to a new substitute. Also governments could simply outlaw any brokerage for crypto currencies and *puff* there goes your "investment".

p.s.: Yes, I know of the faults of FIAT money and the (exponential) growth based economy model. But bitcoin is a pretty bad "solution" to this imho.

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

19 Mar 2021

jam-s wrote:
19 Mar 2021
BRIGGS wrote:
19 Mar 2021
That's like saying.. it's a waste of energy to supply life boats for a ship.

It didn't end well.
Your analogy does not make much sense as Bitcoin is the sinking ship in the long run due to inherent scalability problems. Once it gets to unbearable (or if some of the founders pull out with billions of cash the system will go down and the vultures will quickly switch to a new substitute. Also governments could simply outlaw any brokerage for crypto currencies and *puff* there goes your "investment".

p.s.: Yes, I know of the faults of FIAT money and the (exponential) growth based economy model. But bitcoin is a pretty bad "solution" to this imho.
r11s

User avatar
DaveyG
Posts: 2499
Joined: 03 May 2020

20 Mar 2021

If Bitcoin and its rivals are going to have a sustainable and scalable future they need to address the energy usage thing. Recent research from the University of Cambridge claimed that if Bitcoin was a country it would be 30th in the world for energy usage, about the same as Argentina, and that about two thirds of the energy was from fossil fuels. These numbers are estimates but.. bloody hell!

User avatar
jam-s
Posts: 3036
Joined: 17 Apr 2015
Location: Aachen, Germany
Contact:

20 Mar 2021

BRIGGS wrote:
19 Mar 2021

So basically you're saying: "Shit on the world and future generations, at least I had some fun!", right? Great attitude, man! :clap:

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

20 Mar 2021

DaveyG wrote:
20 Mar 2021
If Bitcoin and its rivals are going to have a sustainable and scalable future they need to address the energy usage thing. Recent research from the University of Cambridge claimed that if Bitcoin was a country it would be 30th in the world for energy usage, about the same as Argentina, and that about two thirds of the energy was from fossil fuels. These numbers are estimates but.. bloody hell!
Haz fun staying poor! :puf_smile:
r11s

User avatar
EnochLight
Moderator
Posts: 8405
Joined: 17 Jan 2015
Location: Imladris

20 Mar 2021

Moderator note: just chiming in - totally fine to have off-topic discussions here in the Kitchen, but please keep things respectful. Thanks!
Win 10 | Ableton Live 11 Suite |  Reason 12 | i7 3770k @ 3.5 Ghz | 16 GB RAM | RME Babyface Pro | Akai MPC Live 2 & Akai Force | Roland System 8, MX1, TB3 | Dreadbox Typhon | Korg Minilogue XD

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

20 Mar 2021

EnochLight wrote:
20 Mar 2021
Moderator note: just chiming in - totally fine to have off-topic discussions here in the Kitchen, but please keep things respectful. Thanks!
Thanks :thumbs_up:

The haters are getting annoying. :roll:
r11s

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

20 Mar 2021

r11s

User avatar
bxbrkrz
Posts: 3815
Joined: 17 Jan 2015

21 Mar 2021

DaveyG wrote:
20 Mar 2021
If Bitcoin and its rivals are going to have a sustainable and scalable future they need to address the energy usage thing. Recent research from the University of Cambridge claimed that if Bitcoin was a country it would be 30th in the world for energy usage, about the same as Argentina, and that about two thirds of the energy was from fossil fuels. These numbers are estimates but.. bloody hell!
Google’s energy consumption has increased over the last few years, reaching 10.6 terawatt hours in 2018, up from 2.86 terawatt hours in 2011. The company has made efforts to make its data centers more efficient through customized high-performance servers, using smart temperature and lighting, advanced cooling techniques, and machine learning.

https://www.statista.com/statistics/788 ... of-google/



Image

The right perspective.
757365206C6F67696320746F207365656B20616E73776572732075736520726561736F6E20746F2066696E6420776973646F6D20676574206F7574206F6620796F757220636F6D666F7274207A6F6E65206F7220796F757220696E737069726174696F6E2077696C6C206372797374616C6C697A6520666F7265766572

User avatar
BRIGGS
Posts: 2135
Joined: 25 Sep 2015
Location: Orange County California

21 Mar 2021

bxbrkrz wrote:
21 Mar 2021
The right perspective.
Image

Image
r11s

User avatar
bxbrkrz
Posts: 3815
Joined: 17 Jan 2015

21 Mar 2021

BRIGGS wrote:
21 Mar 2021
bxbrkrz wrote:
21 Mar 2021
The right perspective.
Image

Image
Image
757365206C6F67696320746F207365656B20616E73776572732075736520726561736F6E20746F2066696E6420776973646F6D20676574206F7574206F6620796F757220636F6D666F7274207A6F6E65206F7220796F757220696E737069726174696F6E2077696C6C206372797374616C6C697A6520666F7265766572

Post Reply
  • Information
  • Who is online

    Users browsing this forum: Neo and 15 guests