Obviously…. But like stupid ethanol subsidies…. It does require resources to sustain it and that does affect me and my pocketbook.
Time will tell…. But after more than 10 years…. It still doesn’t really do anything aside from being a speculative asset. Digging digital holes to fill with digital dirt from my perspective.
You keep repeating this every few months like you hope it's going to somehow be true if you say it enough. It is the best asset in the world at storing and accruing value. That's a big ****ing deal. Like SG said, nobody is forcing you to dig, nor are they using dirt you're entitled to, so the fact you're still here 10 years later is weird.
Likewise you keeping repeating this as if we can’t see how volatile BTC is…Based on like 13 years since it’s inception. That’s not a very long time period in the scheme of things. It just dropped in value pretty hard… Just like stocks… that’s fine if you don’t need that money now or soon but if you do then you just lost a bunch. You don’t realize it but basically your entire BTC ideology amounts to a perpetual motion machine that’s just keeps going faster and faster ( just keeps gaining in value).
Odd thing to say given I have spoken at length about BTC's volatility in this very thread. Both the benefits and drawbacks of it. How long is long enough to you? As I've said multiple times, storing short-term finances in Bitcoin is ill-advised. Yes, we know you think Bitcoin has no purpose or value. Yet here us Bitcoin holders are, still safely storing and accruing wealth with our best ever monetary device/asset, while you run your mouth like the lolcow you are.
And like I said…. BTC’s use of resources ( like ethanol “mining” ) does impact me. At least with AI I can get it to write an email for me.
Probably because you both claim it’s the best store of value in history and have all these caveats…. Seems like just a speculative asset… don’t keep too much in case you need cash right away… As far as timeline…. Let’s get to 2030 and see what’s going on. Like Tesla stock … you can ignore fundamentals and just make all sorts of promises to the moon for quite a long time.
These are people making decisions of their own free will within the confines of the law. By that standard, everything anyone ever does 'impacts' you. You just have a lot more ego on this subject than knowledge.
Such as... ? I think the caveat of "don't do irresponsible **** with your keys and don't keep next month's rent on it" are fairly easy to understand and abide by. Define "speculative asset" please. Further, define why this matters. Just because something is volatile is not an inherently bad thing. The only person here ignoring the fundamentals is you. You are ignorant about this topic. You are uneducated about this topic. You have shown that with great willingness time and time again for nearly 10 years in this thread. It blows my mind that someone would spend so much time around something without so much as even attempting to learn it. It is why your language is so vague, non-committal, and often meaningless. But hey, at least you finally put a stake in the ground for once. See you in 2030, when I'm sure you will either: A) Move the goalposts yet again claiming some other vague target needs to be met before you will begin to consider things differently or B) Say that Bitcoin is a scam because it recently crashed to 400K
And clearly some things impact more than other especially when it comes to electricity and water. BTC is like ethanol to me. Speaking of ego…. I doubt many would match your zealotry on the matter.
I dont criticize and belittle you on how you spend your time or resources. We do not have any rules, regulations or societal expectations on how people use energy. When you go joy riding in your ICE vehicle, the use of the vehicle and the money you put in it is your business. Now that said, you are polluting, but you still have the right to do that free from silly criticism. All your nonsense aside, you obviously know nothing about the energy bitcoin uses. There are massive amounts of information out there about how bitcoin's energy usage actually benefits society.
The best argument you could muster for him is that Texas does have some tax incentives for bitcoin miners. But of course there's a good reason for that as they 1) strengthen the grid and 2) pull valuable resources into the state. There may be some other legal stuff floating around I'm not privy to as I haven't lived in TX in over a decade, but either way, it's hilarious to put this out there as an argument for your entitlement and then spend 10 years loudly broadcasting your ignorance on the matter without so much as an ounce of curiosity.
Haven't gone on a joyride in like 25 years..... I use my car as a means of transportation. Arguing that BTC energy usage benefits society is like saying if everyone keeps their AC at 65 in the summer it really cause more demand and more renewable...... https://crypto.com/us/bitcoin/bitcoin-energy-consumption
Again..... 13 years and you are still just stuffing a digital asset under digital mattress thinking you have some perpetual motion machine that will not only store value but increase in value in perpetuity. Literally physics disagrees with you. This is an ideology to you and @Space Ghost .
The irony here is that physics and math are what give bitcoin its value lol The physics of proof of work and the math that secures the network as well as provides it with all of its other monetary properties. It's going up forever because our current monetary system requires that liquidity increase and debt go up forever to stay solvent. Yet another thing we know because of.... Math.
Not as efficiently. Which is why btc is involved. It provides a market incentive for the grid to grow and stabilize without public funds.
You are confusing the concept of supply and demand with your mystic zealotry of "It is the best asset in the world at storing and accruing value" which is a perpetual motion machine.
