Crypto fan wrote: ↑Fri Mar 12, 2021 4:35 am...britain on lagercoin... .
Bitcoins worth more than gold
"Not my circus, not my monkeys" - KiR
Oricha, you have any kids? Watch out
"Gold bug Peter Schiff has revealed that his son, Spencer Schiff, has gone all-in on bitcoin. "
Src. https://news.bitcoin.com/100-in-bitcoin ... in-on-btc/
Publicly Peter has always trashed Bitcoin like many of the boomers. Now his son has hedged his risk of missing out on massive gains. Being in both gold and Bitcoin is a great move to secure your wealth over the coming decade.
"Gold bug Peter Schiff has revealed that his son, Spencer Schiff, has gone all-in on bitcoin. "
Src. https://news.bitcoin.com/100-in-bitcoin ... in-on-btc/
Publicly Peter has always trashed Bitcoin like many of the boomers. Now his son has hedged his risk of missing out on massive gains. Being in both gold and Bitcoin is a great move to secure your wealth over the coming decade.
- Orichá
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The article you refer to about his son is very telling -- of the generational divide that skews our perceptions of new technologies and the values we attach to them... As a gold bug, father Schiff is doing exactly what his dad did. The grandson has different perceptions, being younger and more accepting of the new technology. So, it is normal for the older people to be cynical or skeptical about new inventions that disrupt their conventional wisdom and experience base...SoWow wrote: ↑Fri Mar 12, 2021 11:19 amOricha, you have any kids? Watch out
"Gold bug Peter Schiff has revealed that his son, Spencer Schiff, has gone all-in on bitcoin. "
Src. https://news.bitcoin.com/100-in-bitcoin ... in-on-btc/
Publicly Peter has always trashed Bitcoin like many of the boomers. Now his son has hedged his risk of missing out on massive gains. Being in both gold and Bitcoin is a great move to secure your wealth over the coming decade.
That said, I stand by my silly opinion that Bitcoin (i.e.: blockchain) is a wasteful and easily evaporated phenomenon. I look and see no mystery, only one expensively inefficient chain -- and it reminds me so much of William Carlos Williams great little poem, "The Red Wheelbarrow"...
The Red Wheelbarrow
so much depends
upon
a red wheel
barrow
glazed with rain
water
beside the white
chickens
~~~
It would seem less fragile if there were to be a thousand chains co-efficient and compact, not one single very much too lengthy code... Oh well. Who can see that? I don't know...
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
They have to go into crypto to make up for the losses on gold.
What crypto giveth, gold taketh it away.
What crypto giveth, gold taketh it away.
- Orichá
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Here is something new and interesting...
Create your own NFT (Non-Fungible Token) to sell digital art, or real world objects, via crypto blockchain... You need to buy into a crypto in order to create and put your artwork up for an auction or onto an online listing of artwork for sale... According to my skim reading, Ethereum is the most popular at the moment for creating NFTs... But ten or maybe many others are also available...
Here is information about "how to do it..." and the second vid, an experienced artist's skeptical opinion of NFT...
how to make an NFT:
https://www.kapwing.com/resources/how-t ... rypto-art/
how to make an NFT (youtube)...
a skeptical digital artist's take on this new NFT phenomenon... He is baffled by the low quality of many NFT digital artworks currently available, and why some of them sold for so much money... Plus he includes the environmental criticism -- each NFT marketing placement consumes "one month's worth of a typical European citizen' s energy consumption carbon footprint..."
Ethereum is not the only crypto available for selling NFTs... WAX is another... William Shatner sold multi-pack NFTs via WAX, issuing "card collections" portraying early days images from Star Trek and one of his dental x-rays... A gilded retirement, I'd say...
https://www.globenewswire.com/news-rele ... chain.html
Create your own NFT (Non-Fungible Token) to sell digital art, or real world objects, via crypto blockchain... You need to buy into a crypto in order to create and put your artwork up for an auction or onto an online listing of artwork for sale... According to my skim reading, Ethereum is the most popular at the moment for creating NFTs... But ten or maybe many others are also available...
Here is information about "how to do it..." and the second vid, an experienced artist's skeptical opinion of NFT...
how to make an NFT:
https://www.kapwing.com/resources/how-t ... rypto-art/
how to make an NFT (youtube)...
a skeptical digital artist's take on this new NFT phenomenon... He is baffled by the low quality of many NFT digital artworks currently available, and why some of them sold for so much money... Plus he includes the environmental criticism -- each NFT marketing placement consumes "one month's worth of a typical European citizen' s energy consumption carbon footprint..."
Ethereum is not the only crypto available for selling NFTs... WAX is another... William Shatner sold multi-pack NFTs via WAX, issuing "card collections" portraying early days images from Star Trek and one of his dental x-rays... A gilded retirement, I'd say...
https://www.globenewswire.com/news-rele ... chain.html
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
The digital possibilities on blockchain are infinite.
I wont infuriate the forum owner with the latest gain or loss on butcoin but as the digital possibilities become ever more obvious, the futility of keeping up with it all is going to cause digital investing fatigue syndrome.
I wont infuriate the forum owner with the latest gain or loss on butcoin but as the digital possibilities become ever more obvious, the futility of keeping up with it all is going to cause digital investing fatigue syndrome.
- Orichá
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Sadly, only your perception is infinite... in the real world, cryptos are totally not infinite. They are very VERY INEFFICIENT and energy wasteful... The present incarnation of electricity-guzzling crypto should be made illegal around the world a.s.a.p. . . . .Diginfiniti wrote: ↑Tue Mar 16, 2021 12:46 pmThe digital possibilities on blockchain are infinite.
I wont infuriate the forum owner with the latest gain or loss on butcoin but as the digital possibilities become ever more obvious, the futility of keeping up with it all is going to cause digital investing fatigue syndrome.
Anyway, I will stop posting now, don't want to annoy all you dreamers out there. But why not invest your money in massages, something you can see, feel and measure in modest returns..? Because cryptos will just kill us all faster: they're like driving 120 kilometers an hour through the middle of any downtown city...
(I haven't had any massages in a year, come to think of it... Time to die, badcoin!)
Anyway, NFTs should be outlawed, too.... Read this:
https://blog.duncangeere.com/the-enviro ... cryptoart/
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
Oricha, you remind me of those so-called experts who 20 year ago were dissing Amazon as a glorified bookseller with little prospects and an insane valuation "higher than Sears". They never got the full picture, just like you, and are now extinct and irrelevant. Warren buffet is another example. His reasoning worked in the 1980s 90s, but is unsuitable to the digital economy which he never really understood.. in the real world, cryptos are totally not infinite. They are very VERY INEFFICIENT and energy wasteful..
You keep repeating the same idiocies like a broken record. Bitcoin might now take up too much energy to be mined. But there are other cryptos with more advanced technology and functionalities, that require little resources.
They also happen to have been ridiculously profitable and I don't think it's over, by a long shot.
- Orichá
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So let's flock behind blind men, like zombies from "Dawn of the Dead," creeping up on the living, eager to bite everyone in the neck? Infect me, too! Let's all simply dive headfirst into the quicksand! Ostriches may have big eggs, but just because we possess the privilege and spare change to invest, doesn't mean that we have a right to make money by destroying the Earth even more quickly than we already are...logos wrote: ↑Fri Mar 19, 2021 12:59 amOricha, you remind me of those so-called experts who 20 year ago were dissing Amazon as a glorified bookseller with little prospects and an insane valuation "higher than Sears". They never got the full picture, just like you, and are now extinct and irrelevant. Warren buffet is another example. His reasoning worked in the 1980s 90s, but is unsuitable to the digital economy which he never really understood.. in the real world, cryptos are totally not infinite. They are very VERY INEFFICIENT and energy wasteful..
You keep repeating the same idiocies like a broken record. Bitcoin might now take up too much energy to be mined. But there are other cryptos with more advanced technology and functionalities, that require little resources.
They also happen to have been ridiculously profitable and I don't think it's over, by a long shot.
How can you completely ignore the reality of crypto energy inefficiency by pretending "some miracle" will transform Bitcoin and all the other blockchain cryptos into energy efficient systems? That is exactly like saying, "Oh, maybe a Brontosaurus can shed a few thousand tonnes of blubber by fasting and going on a water diet for a few days..." Come on!
Read this if you dare:
https://everestpipkin.medium.com/but-th ... 28ef72e6a3
But blinded as you are by predatory capitalist greed... you crypto-chimps are actually quite frightening. Your imaginary excuses can erase any and all trace of conscience, but excuses and fantasies cannot change the real facts of the matter... No magic transformation is waiting around the corner to make blockchain efficient, fellas...
[Now all the money is funny and fake, from fake mortgage and rude invoice derivatives, to negative return debentures and bonds, and all the rainbow range of AT1, T2, CET1 notes... Did you know that the European banks invented fancy "contingent-convertibles" -- CoCos, a form of note that followed the U.S. debt meltdown in 2007-8? The little Dutch boys of the EU put a few fingers in the dyke of all the heavy national debts of Spain and Italy by dreaming up yet more fictitious paper and abstract math. The levels of complexity and big-fat leverage of all these strange debt-cancelling notes are more mind-boggling than anything you can imagine... Even including zombie-dead blockchain algorithms...]
Oh well, I stop now... There's no use arguing about this. When people refuse to understand, they refuse to understand. That's all...
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
Here is an interesting article, amongst others, that shows Bitcoin can have a positive impact on renewable energy.
Src. https://philippsandner.medium.com/the-g ... 41b23424ab
TLDR;
"An estimated 50% to 70% of mining operations rely on renewables. We argue that this share should increase: Recall that mining companies having access to low-cost electricity drive others that only have access to high-cost electricity out of business. As electricity is cheaper when produced by selected types renewable energies (in particular water and wind, not necessarily sun) in comparison to conventional energies (oil and gas), it will be the “renewables-based” mining companies that drive the “fossil-fuel-based” mining companies out of business."
Here an article which compares BTC vs the traditional banking system power consumption:
https://news.bitcoin.com/bitcoin-energy ... ng-system/
Src. https://philippsandner.medium.com/the-g ... 41b23424ab
TLDR;
"An estimated 50% to 70% of mining operations rely on renewables. We argue that this share should increase: Recall that mining companies having access to low-cost electricity drive others that only have access to high-cost electricity out of business. As electricity is cheaper when produced by selected types renewable energies (in particular water and wind, not necessarily sun) in comparison to conventional energies (oil and gas), it will be the “renewables-based” mining companies that drive the “fossil-fuel-based” mining companies out of business."
Here an article which compares BTC vs the traditional banking system power consumption:
https://news.bitcoin.com/bitcoin-energy ... ng-system/
- Orichá
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That os 100% malarkey.... lol, most all mining is in China, and depends on coal burning plus some hydro power...SoWow wrote: ↑Fri Mar 19, 2021 10:56 amHere is an interesting article, amongst others, that shows Bitcoin can have a positive impact on renewable energy.
Src. https://philippsandner.medium.com/the-g ... 41b23424ab
TLDR;
"An estimated 50% to 70% of mining operations rely on renewables. We argue that this share should increase: Recall that mining companies having access to low-cost electricity drive others that only have access to high-cost electricity out of business. As electricity is cheaper when produced by selected types renewable energies (in particular water and wind, not necessarily sun) in comparison to conventional energies (oil and gas), it will be the “renewables-based” mining companies that drive the “fossil-fuel-based” mining companies out of business."
Here an article which compares BTC vs the traditional banking system power consumption:
https://news.bitcoin.com/bitcoin-energy ... ng-system/
BTW: I hope guys like Dylan Field and Beeple get killed in car accidents, the sooner, the better... goddamnit, there is nobody I dislike more than these fucking lousy well-connected snobby spoiled rich kids. It is only because these pricks are already rich and well-connected that they can sell their shitty little NFTs for millions while real people and real artists have to work for a living. Snotty rich trash can do whatever they like. Eff-off you fake trashy whores:
https://www.forbes.com/sites/alexkonrad ... 8a3f285a1d
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
- spitthedog
- Is the World Outside still there ?
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Bitcoin seems to have been struggling abit of late.
Meanwhile Treasury bond prices have rallied.
Should we be buying gold?
To quote a wise man;
Governments wont accept Bitcoin, and even if they did it would go against why Bitcoin was created in the first place.
Whadaya reckon?
Meanwhile Treasury bond prices have rallied.
Should we be buying gold?
To quote a wise man;
Governments wont accept Bitcoin, and even if they did it would go against why Bitcoin was created in the first place.
Whadaya reckon?
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
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