Both of these articles demonstrate an extreme lack of understanding of the importance of crypto, bitcoin in particular. The second one is especially disturbing.
The purpose Bitcoin serves is to give economic freedom back into the hands of the people all over the world, and take it OUT of the hands of the international banksters and oligarchs that have used their complete monopoly over currency creation to fuck over the citizens for centuries.
Proof of Work is necessary because it helps provide a basis for value, as the conversion of energy into complex problem solving costs money and resources to do, hence giving a general basis of value. It also provides a level of security unmatched by anything that a Proof of Stake system can deliver.
The people who say that crypto is "bad for the environment" always seem to be the same people that buy into all of the other shit they claimed would happen with our climate but never panned out. Same people who think "the world will end in 12 years" if we don't join the Paris Climate nonsense.
In reality, it will likely lead to advances in energy generation and efficiency, because whomever can figure out a way to mine most efficiently or for the lowest energy costs will be more profitable and successful. It incentivizes finding ways to mine more efficiently. Better for the free market to drive technological advancements than any governmental or bureaucratic organization.
1 bitcoin is now worth 50k. And a lot less energy intense then creating fiat money either through mining physical assets, or the work efforts of the laborer, via the fractional banking system's loan out and repaying system.
The OP in 1900: The widespread adoption of cars will cause massive horse deaths and is an environmental disaster waiting to happen due to gasoline usage. Massive unemployment when the buggy whip factories close
The OP in 1900: The widespread adoption of electric lighting is an environmental disaster waiting to happen when we have to use coal to power the plants.
++++++++++++++
This isn't to say the OP is wrong, per se, but that the market and demand for a hedge against inflation means that we will, more likely than not, push through anyway. Perhaps with nuclear, perhaps with more natural gas. Maybe there will be only a partial adoption of crypto. But it's not going to stop, count on it.
Satoshi's vision has been altered and deleted. Proof of Work was already established before the bitcoin whitepeper. Satoshi's breakthrough was to realize it needed to be combined with a proof of stake. Or that it could be done without proof of work altogether by combining a timestamp chain with proof of stake. You lock the timestamps in so the chain cannot be altered after the fact like the current white paper allows with a 51% majority. Proof of Stake is where you hash your data in with your social network ties. Blockchain was supposed to do much more than only currency. It was supposed to leave you in control of your immutable data and identity. Satoshi was deplatformed. He needs help.
I have never been a fan of crypto just because of its nefarious usages across the world. Yes, cash is also corrupt, but crypto makes anything instantaneously possible, and there is way too much evil in the world for that to exist at this point and time.
So you're saying your not a fan of freedom? You prefer government oversight, surveillance, and control over how people spend their money going forward?
I am a very huge fan of freedom. Although, I am not exactly following you on any of the rest of it. I have never had any type of oversight, surveillance, and control from spending greenbacks anywhere... If you have, you probably live in a democrat controlled area.
I can go right now, today, and spend 40K dollars in cash, in public owned stores and the government not know a single thing I bought. How is that saying I am a fan of oversight surveillance and control?
Did I say I was a fan of institutionalized banking or did you just assume??
Hell, I could go out right now and spend 100K on the materials to build a garage/ stadium, whatever I wanted, not a word would be said.. I am having an extremely difficult time following your logic behind that comment.
What I am not a fan of is bitcoin being used for the torturing and murder of innocent men, women and children, all at the click of a button.
What I am not a fan of is bitcoin being used for the torturing and murder of innocent men, women and children, all at the click of a button
Were you aware of 7-ELEVEn selling 20 types of debit cards? A lot of nefarious dark web merchants insist on this instead of bitcoin. There's also Western Union and dozens of cash transfer apps.
If people want to do illegal things they are going to find a way to do it. Bitcoin is a scapegoat.
I apologize if I stepped on your toes, but my personal position holds true for digital currency... I could honestly give two shits less what 7-Eleven is doing because I do not participate in those types of transactions either...
You didn't step on my toes. I just found your singling out bitcoin as odd and not well thought out. As I mentioned, there are numerous ways other than bitcoin to achieve the same transaction. People launder money through selling art or vehicles for exorbitant fees but often no vehicle or art changes hands. But drugs or humans do.
Why would you single one bitcoin and not the others?
Bitcoin is what I have read the most evil about.. It seems to be brought up the most when you read incident reports of nefarious activity. Im glad some people made millions of dollars off it, catapulting them into different social classes, I am happy for all the people who value anonymity for their transactions.. I just hate that such EVIL can be committed with it, like I get sick thinking that somewhere in the world as we speak, there is a soul in duress because of a monetary exchange...
To be honest I hate currency all together. I grew up extremely poor, lived off the land, todays monetary exchange for even the most simple things is just so out of character from what I started with. I lived in a house with no electricity 1/3 of my life, and to me, thats when times were the greatest. I didn't worry about what I would have for dinner, we picked it out of the ground and raised on the grounds.
Now, even myself, has to go to the store for small things like carrots and potatoes. Greenbacks are just what I was raised with, but you're honestly right, its all corrupt, none of it is living with the lord.
Evil is unfortunately going to find a way to get paid. I'm invested in several cryptocurrencies. I've never used any of them to do evil. One time around 10 years ago I used around 20 bitcoins to buy a pizza. On the other hand, I did buy a debit card from 7-ELEVEn and bought drugs off the dark web. For science purposes.
My bad, I didn't clarify. Everything you listed about cash is why it's so great. However, we are inevitably moving towards a cashless (or less cash) society). In which case, we all should be praying for that cashless system to be bitcoin, rather than US dollars in the form of 1s and 0s controlled by Visa, Amex and Mastercard, backed by the Federal Reserve or the IMF.
I'd push back a little on the spending 100k on materials to build a garage and not a word would be said. Trying to spend that level of cash untracked is nearly impossible these days. You couldn't even withdraw that amount from a bank without sending up red flags all over the place. And if you had that all saved under a mattress from a cash paying job, claiming the building on your taxes the following year without tracing where the money came from will likely attract some attention from the IRS or even law enforcement under the guise of money-laundering prevention.
As for people being tortured with the click of a button, I'm not quite sure what that is in reference to, though I don't doubt that it happens. Just like I'm sure there are people tortured with cash payments all over the world as well. That's just an unfortunate circumstance of freedom. There are bad people in the world, and they will do bad things. But if they were unable to do those things with bitcoin, then it would mean that bitcoin is not free (like cash is). If you give someone the power to prevent even evil transactions, then that means they have the power to prevent other transactions as well. That's one of the beauties (and unfortunate realities) of what makes bitcoin such a powerful force for freedom.
I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.
No, real money created through the work effort of the miner. Each hash accepted being an encryption lock on the block chain. Where as the reward is a direct result of said effort. And in the case of Bitcoin, a deflationary currency that gains value over time.
Price of energy regulates total hash and effort used to gain profits. The more energy used, the lower the profits, as expressed in other sectors that utilize supply and demand pricing.
Inception to death equals...motion, which generates what? Energy, and what generates motion? Energy does. Together they form a self sustaining ecosystem.
Magic? MAG'IC, noun [Latin magia] - "the secret operations of natural causes"...magic indeed!
We've used up half the worlds energy
Suggested loss to generate fear.
we need new energy technology
Nothing new under the sun, but suggesting wants as needs, motivates the many to use their power to create for the few, who control what the many create.
guess we'll have to go Nuclear once again
NU'CLEUS, noun [Latin a nut.]...nutjobs; all of them.
Both of these articles demonstrate an extreme lack of understanding of the importance of crypto, bitcoin in particular. The second one is especially disturbing.
The purpose Bitcoin serves is to give economic freedom back into the hands of the people all over the world, and take it OUT of the hands of the international banksters and oligarchs that have used their complete monopoly over currency creation to fuck over the citizens for centuries.
Proof of Work is necessary because it helps provide a basis for value, as the conversion of energy into complex problem solving costs money and resources to do, hence giving a general basis of value. It also provides a level of security unmatched by anything that a Proof of Stake system can deliver.
The people who say that crypto is "bad for the environment" always seem to be the same people that buy into all of the other shit they claimed would happen with our climate but never panned out. Same people who think "the world will end in 12 years" if we don't join the Paris Climate nonsense.
In reality, it will likely lead to advances in energy generation and efficiency, because whomever can figure out a way to mine most efficiently or for the lowest energy costs will be more profitable and successful. It incentivizes finding ways to mine more efficiently. Better for the free market to drive technological advancements than any governmental or bureaucratic organization.
Lets see a study on the environmental effects of the petro dollar
You mean that crazy right wing conspiracy that has already been debunked by Snopes?
\s
1 bitcoin is now worth 50k. And a lot less energy intense then creating fiat money either through mining physical assets, or the work efforts of the laborer, via the fractional banking system's loan out and repaying system.
The OP in 1900: The widespread adoption of cars will cause massive horse deaths and is an environmental disaster waiting to happen due to gasoline usage. Massive unemployment when the buggy whip factories close
The OP in 1900: The widespread adoption of electric lighting is an environmental disaster waiting to happen when we have to use coal to power the plants.
++++++++++++++
This isn't to say the OP is wrong, per se, but that the market and demand for a hedge against inflation means that we will, more likely than not, push through anyway. Perhaps with nuclear, perhaps with more natural gas. Maybe there will be only a partial adoption of crypto. But it's not going to stop, count on it.
See here: https://conspiracies.win/p/12hkd2AxM8/the-conspiracy-against-satoshi-n/
Satoshi's vision has been altered and deleted. Proof of Work was already established before the bitcoin whitepeper. Satoshi's breakthrough was to realize it needed to be combined with a proof of stake. Or that it could be done without proof of work altogether by combining a timestamp chain with proof of stake. You lock the timestamps in so the chain cannot be altered after the fact like the current white paper allows with a 51% majority. Proof of Stake is where you hash your data in with your social network ties. Blockchain was supposed to do much more than only currency. It was supposed to leave you in control of your immutable data and identity. Satoshi was deplatformed. He needs help.
I have never been a fan of crypto just because of its nefarious usages across the world. Yes, cash is also corrupt, but crypto makes anything instantaneously possible, and there is way too much evil in the world for that to exist at this point and time.
So you're saying your not a fan of freedom? You prefer government oversight, surveillance, and control over how people spend their money going forward?
I am a very huge fan of freedom. Although, I am not exactly following you on any of the rest of it. I have never had any type of oversight, surveillance, and control from spending greenbacks anywhere... If you have, you probably live in a democrat controlled area.
I can go right now, today, and spend 40K dollars in cash, in public owned stores and the government not know a single thing I bought. How is that saying I am a fan of oversight surveillance and control?
Did I say I was a fan of institutionalized banking or did you just assume??
Hell, I could go out right now and spend 100K on the materials to build a garage/ stadium, whatever I wanted, not a word would be said.. I am having an extremely difficult time following your logic behind that comment.
What I am not a fan of is bitcoin being used for the torturing and murder of innocent men, women and children, all at the click of a button.
Were you aware of 7-ELEVEn selling 20 types of debit cards? A lot of nefarious dark web merchants insist on this instead of bitcoin. There's also Western Union and dozens of cash transfer apps.
If people want to do illegal things they are going to find a way to do it. Bitcoin is a scapegoat.
I apologize if I stepped on your toes, but my personal position holds true for digital currency... I could honestly give two shits less what 7-Eleven is doing because I do not participate in those types of transactions either...
You didn't step on my toes. I just found your singling out bitcoin as odd and not well thought out. As I mentioned, there are numerous ways other than bitcoin to achieve the same transaction. People launder money through selling art or vehicles for exorbitant fees but often no vehicle or art changes hands. But drugs or humans do. Why would you single one bitcoin and not the others?
Bitcoin is what I have read the most evil about.. It seems to be brought up the most when you read incident reports of nefarious activity. Im glad some people made millions of dollars off it, catapulting them into different social classes, I am happy for all the people who value anonymity for their transactions.. I just hate that such EVIL can be committed with it, like I get sick thinking that somewhere in the world as we speak, there is a soul in duress because of a monetary exchange...
To be honest I hate currency all together. I grew up extremely poor, lived off the land, todays monetary exchange for even the most simple things is just so out of character from what I started with. I lived in a house with no electricity 1/3 of my life, and to me, thats when times were the greatest. I didn't worry about what I would have for dinner, we picked it out of the ground and raised on the grounds. Now, even myself, has to go to the store for small things like carrots and potatoes. Greenbacks are just what I was raised with, but you're honestly right, its all corrupt, none of it is living with the lord.
I'm giving you a virtual no homo hug, fren.
Evil is unfortunately going to find a way to get paid. I'm invested in several cryptocurrencies. I've never used any of them to do evil. One time around 10 years ago I used around 20 bitcoins to buy a pizza. On the other hand, I did buy a debit card from 7-ELEVEn and bought drugs off the dark web. For science purposes.
My bad, I didn't clarify. Everything you listed about cash is why it's so great. However, we are inevitably moving towards a cashless (or less cash) society). In which case, we all should be praying for that cashless system to be bitcoin, rather than US dollars in the form of 1s and 0s controlled by Visa, Amex and Mastercard, backed by the Federal Reserve or the IMF.
I'd push back a little on the spending 100k on materials to build a garage and not a word would be said. Trying to spend that level of cash untracked is nearly impossible these days. You couldn't even withdraw that amount from a bank without sending up red flags all over the place. And if you had that all saved under a mattress from a cash paying job, claiming the building on your taxes the following year without tracing where the money came from will likely attract some attention from the IRS or even law enforcement under the guise of money-laundering prevention.
As for people being tortured with the click of a button, I'm not quite sure what that is in reference to, though I don't doubt that it happens. Just like I'm sure there are people tortured with cash payments all over the world as well. That's just an unfortunate circumstance of freedom. There are bad people in the world, and they will do bad things. But if they were unable to do those things with bitcoin, then it would mean that bitcoin is not free (like cash is). If you give someone the power to prevent even evil transactions, then that means they have the power to prevent other transactions as well. That's one of the beauties (and unfortunate realities) of what makes bitcoin such a powerful force for freedom.
I understand what you are saying a little better now.
You are majorly correct, I could not pull that amount of money out of an institutionalized banking system without throwing red flags. Which is why I am not a fan of banks. I do not need someone to hold my money for me for "safeguarding"
As far as the pushback, Its all about where you are located. I currently reside in a county that has zero building permit requirements, they are not appraising anything I build to go on my taxes. I would have to have a property evaluation for a new site, but thats no problem in my area. Tons of used car lots selling brand new cars, new equipment. In the bible belt, things are a little different. Its not hard for me to give a paper trail if needed. All they have to do is look at my cashed check stubs. I have an income, I pay taxes, I just don't put my money in the banks, I pay zero banking fees, I rarely pay interest on anything, which is how you keep your money to begin with. Once it starts going into the system, people know what you have...
My reference with the click of a button is to "red rooms" where people pay by bitcoin to watch a man, woman, child be tortured to death, by any means they want to view...
https://cointelegraph.com/news/two-teens-arrested-after-paying-bitcoin-to-see-livestream-murder-on-dark-web
While, bitcoin itself likely did not create these issues, it is the main tool used to make these rooms possible, which is the result of an instantaneous digital currency.
Damn, sounds like you live in the type of area I'd like to be in someday.
As for the red rooms, yea, as fucked up as it is that is always going to be there. Sure digital currencies may make it easier as compared to something like the movie Hostel, but if it wasn't Bitcoin, it'd be something else. As I said, the fact that that they ARE able to facilitate such a transaction is both a blessing and a curse.
No, real money created through the work effort of the miner. Each hash accepted being an encryption lock on the block chain. Where as the reward is a direct result of said effort. And in the case of Bitcoin, a deflationary currency that gains value over time.
Price of energy regulates total hash and effort used to gain profits. The more energy used, the lower the profits, as expressed in other sectors that utilize supply and demand pricing.
That's what the vaccines are really all about. You'll be mining for Gates just by existing. YOU are gonna be the energy source. Kek.
Magic energy from ??? somewhere
Inception to death equals...motion, which generates what? Energy, and what generates motion? Energy does. Together they form a self sustaining ecosystem.
Magic? MAG'IC, noun [Latin magia] - "the secret operations of natural causes"...magic indeed!
We've used up half the worlds energy
Suggested loss to generate fear.
we need new energy technology
Nothing new under the sun, but suggesting wants as needs, motivates the many to use their power to create for the few, who control what the many create.
guess we'll have to go Nuclear once again
NU'CLEUS, noun [Latin a nut.]...nutjobs; all of them.
Robots grow on trees.
https://www.nyashanation.com/2021/03/us-capitol-police-signal-possible.html
Read this,drink it in man,share this,bookmark this!
Funny, they're still blaming that officer's death on rioters...
One of the clearest examples of a false flag that I've seen in a while.
ADA TO THE MOOOOOOON BITCHES!