What is efficient about BTC? It takes a lot of energy to mine and transact? ~90 terawatts of energy. What about the water needed to cool the machines? It gets a bit murkier there, but still it doesn't seem insignificant. AI data centers (which do something useful) also provide a market incentive for the grid to grow and stabilize without public funds. Which begs the question..... will the market prefer to use that electricity and water on data centers or digitally mining? Electricity costs are increasing and people are talking.....
Is anyone worried that BTC will be legislated back over the increasing need for electricity and water for data centers?
Join the party! Just having a discussion. I actually enjoy talking to the true believers. Folks just trying to make a quick buck are easy to figure out... but the zealots are interesting.
seems he made a lot of money... anywahoo, better you just go atheist imo as agnosticism is getting you nowhere
Has he sold? That’s the only way you actually make money…. I don’t put money into things I don’t believe in which has made me a lot of money and generated a lot of good sleep at night. Like I said, I like engaging with the true believers. No hate for those looking to make money but it’s goes further for the true believers
I've not sold any Bitcoin since late 2020/early 2021 when I bought my house. A decision I regret. I have taken out loans against my Bitcoin and Bitcoin related assets, though. Has been a great help paying for larger expenses. I have also taken out personal loans to buy Bitcoin, that I still happily hold and service. Nothing super crazy, just what I can afford to carry. This is not surprising. You speak like somebody who has no need for Bitcoin. Good thing too, because your hubris vis-a-vis Bitcoin has cost you an absolutely galactic amount of earning potential. This is ironic because you should be way more critical of people trying to flip a quick buck in this world.
I sleep fine knowing about all the moves I didn't make. As you just demonstrated..... you only make money when you sell. I just find it interesting how committed you true believers are to the concept of BTC which feels more ideological. I've been plenty critical of folks trying to flip a quick buck but this is the BTC thread.
