Future of Bitcoin

Uh so you get renewable online and you just burn it away? Renewable is useful if it displaces high carbon sources, if you’re just adding renewable but not displacing carbon sources that it doesn’t really help us (esp. since building renewable will still has emissions, e.g. due to raw materials and construction).

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Sorry but this a not a use case, that’s providing supply

Did you even read? You need to focus a little otherwise it is tedious

Like a said, you don’t need to believe me, just listen to experts from the field

I have been wondering for a few days what this discussion is about. Everyone is free to invest in what they want and bitcoin does not need the approval of a random nabalzbhf. Bitcoin will reach 1m per coin, deal with it.

The discussions are always the same. Either you own coins and you’re for it, or you don’t (or you missed your chance) and you’re against it. Both is fine, just dont turn it to a religion.

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There are still people new to the market pondering if they want to put money in Bitcoin, threads like this can help to inform their decision.

Love your confidence. Given enough time and inflation and provided BTC doesn’t go to 0, I guess you’re right. Doesn’t tell much about the prospects of the coin in terms of buying power. Also, that we are still measuring its value in fiat (namely 1m (I’m guessing USD) per coin) doesn’t help the base case for the coin (which is that fiat can’t be trusted and that Defi solves that problem).

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10yrs candle chart looks fine… just hodl until the 200ma appears to confirm bullishness.

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I think this is a pretty nonsense “added-value” for a few reasons.

  1. Bitcoin mining needs specialised hardware which is the limiting factor in production for the short to mid term. Anyone with this hardware will run at 100% capacity. And even in the longer term, the hardware becomes outdated fast so not sure it will ever be economical to run exclusively during down time.
  2. In the mid to long term we solve batteries, either through novel tech, EV adoption doubling as global battery grid, creating hydrogen fuel, etc.

Not sure why we would waste excess energy on solving pointless cryptography to an insane scale…

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would love to see the same chart for Apple, Google, tesla, S&P 500 and for something like Intel?

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So, a company (start owned or not) has a different opinion than the government of Sweden. Where id the good news for bitcoin exactly?

We are trying to solve our energy problem, transitioning from burning of fossil fuel to carbon-free alternatives. Sure, better mine bitcoins in Iceland using geothermal energy than in Poland burning coal, but can’t you think of better ways to use that “excess” energy? One example would be carbon capture plants.

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You forgot blink at the end of the sentence - some people might think you’re a trolling here. :wink:

Ops, thank you for pointing out. My fault :wink:

Ouch! -30% in a few minutes. I’ll give you that, Bitcoin isn’t boring. xD

Edit: Wait, that was on Yahoo finance. Coinmarketcap gives me +1757603143.33% in the same timeframe. xD

What’s going on?

Edit2: I mean, come on:

Edit3: Meanwhile, on Binance, nothing’s happening:

Edit4: Man, everybody is becoming a quadrillionnaire right now. You guys were right, I’ll be a sad peon in the new world order… :frowning: :smiley:

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Alright, seems to be an issue with CoinMarketCap

I was Fat FI for a second with 7M in cryptos xD

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and now Bitcoin is displayed as up 40% in less than 30 minutes, still by CoinMarketCap. xD

Feels like the gift that keeps giving. :rofl:

Edit: Tether is displayed at $183 too. xD

Click on market (next to overview), then scroll down until you find big numbers. CMC takes data from all exchanges trading BTC and calculates an average price. Because some exchanges have weird prices at the moment, the whole model doesn’t work.

Almost the same here. I was like Speedy Gonzales yesterday searching for which COIN to sell first, only to find out that CMC had a bug :joy:

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It was even better last night:

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HODL and buy the dip / DCA

Hi there,

Thanks to all for your super interesting inputs. I’m also into crypto for several years and I had it initially as 1% of my portfolio but it increased due to performance to about 20% of my “liquid” portfolio (Stocks (excluding company shares), ETF, 2P2, cash). I feel comfortable with it right now but I’m also fully aware that if could run towards 0 and that would hurt me, not because of the risk but it also “hurt” me when my wife spend 30.- on just another pair of shoes :wink:

I did my master thesis about possibilities of the blockchain in the Pharma business and was kind of disappointed afterwards as I concluded that several of the use cases do not really require the blockchain technology and would be fine with a good data storage and some AI to connected them. However, I think and I hope that several processes from the finance and insurance industry can go with the blockchain and would run way more efficient there. So, that is my main reason to belief in crypo to be able to be your own bank (why should we pay for sells men in banks and insurance that do not add any value to the product but only sell them?) also allowing instant transfers world wide with a defined coin (currently still hard to send money to the family in Bolivia). If crypto will really be mass adopted? not sure but if I lose that is not the end of the world either

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