Bitcoin is Godzilla...
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.
r11s
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.
- pushedbutton
- Posts: 1538
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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.
Using Reason since version 3 and still never finished a song.
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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
11 computer years, is ancient.
In fact, there are 8,870 cryptos now. (most are trash)
see: https://coinmarketcap.com/all/views/all/
Where have you been?
r11s
While bitcoin is mostly just a waste of energy, filecoin on the other hand has at least a useful proof of work mechanism.
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.
jam-s wrote: ↑19 Mar 2021Your 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
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!
So basically you're saying: "Shit on the world and future generations, at least I had some fun!", right? Great attitude, man!
Haz fun staying poor!DaveyG wrote: ↑20 Mar 2021If 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!
r11s
- EnochLight
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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
ThanksEnochLight wrote: ↑20 Mar 2021Moderator note: just chiming in - totally fine to have off-topic discussions here in the Kitchen, but please keep things respectful. Thanks!
The haters are getting annoying.
r11s
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.DaveyG wrote: ↑20 Mar 2021If 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!
https://www.statista.com/statistics/788 ... of-google/
The right perspective.
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