Is Bitcoin a scam run by the energy utility monopolies? 1% of the world's power is used just to mine Bitcoins. Trump says it's a scam. Elon has condemned the waste. If Bitcoin crashes to $0, the only ones who come out ahead (besides lucky traders) are the energy companies.
(www.thebalance.com)
Speculation
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Nope.
That’s just bunch of nonsense and if you really dug into Bitcoin you’d know that.
It’s the biggest threat to governing powers since the internet and they will do everything they can to smear it while systematically buying it up only to capitulate later because they can’t defeat it.
Anyone telling you otherwise is a moron and doesn’t get Bitcoin. Do your own research and you’ll see why. Decentralization is the enemy of the NWO.
Why do you think they can't defeat it?
Can't each country just ban its use among their citizens and/or territories?
Nope. It’s decentralized and operates outside of their control mechanism.
Hell you can do transactions via ham radio if you really wanted to, alittle complicated but you can do it
If govts decide to crack down, won't most opportunities to use it evaporate?
Won't the govts be able to read teh blockchain and watch it get built and be able to decode who is spending what?
I don't get how a currency tech which is supposed to provide an indelible record of every transaction involved can manage to maintain user anonymity simultaneously.
You can't pass a law to un-invent shit. Guns are easily available everywhere, despite gun control laws. Child porn is the same way.
A crackdown would limit crypto, and people would use it with private keys on their phone.
Also the power usage is because mining a block gives you ~$300k, which pays for the electricity.
In 10 years mining a block will only be worth $75k at today's valuation, in 20 years only $10k because the value of the blocks cuts in half every so often.
Basically the bitcoin energy problem will solve itself in a short while unless it explodes in value. So bitcoin shooting up is the thing the globalists care about - not the environment - and that's because if you can park your money in bitcoin and even have it grow in value they can't steal it through devaluation and money printing.