The man who can see outside the box is a dangerous man when he uses it only to his own advantage while trying to style himself as this messianic figure who is going to led us to colonize the galaxy. Maybe he is just a puppet in this grand game of life maybe human society is structured this way that for us to colonize other planets we need a ruthless company to spearhead the efforts first.
These 'advances' seem to be coming up a little short in the modern era... The best Teslas can drive what, 250 miles before they need a five hour recharge? I'm just gonna level with y'all, I've lived in Texas most of my life; with our power grid down for the week prior and a state of emergency in effect... how in the FUCK would having an electric vehicle be practical? Are they gonna start offering multi-thousand dollar backup batteries you can swap out to make it the 5-600 miles in an emergency evacuation? What about when you're stuck in traffic and HAVE to run the A/C because it's 110F outside?huge advances in electric cars and autonomous driving
lol ol' man Xorky! I'm so happy you're still here after all this time feel better soon mate.Wow you're right!
Jesus christ lol
These 'advances' seem to be coming up a little short in the modern era... The best Teslas can drive what, 250 miles before they need a five hour recharge? I'm just gonna level with y'all, I've lived in Texas most of my life; with our power grid down for the week prior and a state of emergency in effect... how in the FUCK would having an electric vehicle be practical? Are they gonna start offering multi-thousand dollar backup batteries you can swap out to make it the 5-600 miles in an emergency evacuation? What about when you're stuck in traffic and HAVE to run the A/C because it's 110F outside?
Until they can make car batteries that can meet gasoline mileage standards, electric cars are dead in the water. Both of my cars run on gas and can go further on a single tank, albeit both weigh well under 2600 lbs and lack modern 'safety' features and gadgets to weigh them down.
Do y'all legitimately believe that BTC could replace fiat currencies?
Yaay, happy belated BL cake day Xork ... hehe. I know all of us appreciate your presence here .Wow you're right!
Jesus christ lol
Do y'all legitimately believe that BTC could replace fiat currencies? What happens to all my fiat liquid assets? Are my thousands of USD in savings gonna be worthless and only people who bought into BTC two years ago will be able to buy any equity? In an ideal future, the world would be unified, under one currency; however, humans are intrinsically self-defeating, divisive, violent. We will not unify in our lifetime, ergo how could BTC take the place of fiat currencies that already struggle to prop up other fake assets?
Did you end up taking a PCR test? I hope you feel better soon ! How is your girl feeling? The upside is , if she does end up getting covid, she will realize that being young and healthy the chances of getting a severe case are very very small, and she will be immunized by exposition, so anxiety about it should be finally gone, lol.
I completely agree with this. I've always seen this man as the closest thing to a "supervillain" in real life.
I think it is easily enough to damn it because we already have far superior and more energy efficient currencies - crypto and otherwise. I mean, it's not just less than ideal, it's colossally wasteful. Please look at some numbers:Personally, I don't think the less-than-ideal energy consumption of Bitcoin is enough to damn it. We have no realistic way of predicting the potential magnitude of positive impact resultant from the rise of Bitcoin. We're talking potential paradigm shifts, in numerous domains. It's difficult to imagine the first wave of consequences, let alone the second, third, and so on.
I think it is easily enough to damn it because we already have far superior and more energy efficient currencies - crypto and otherwise. I mean, it's not just less than ideal, it's colossally wasteful. Please look at some numbers:
- the currency is using 121TWh/year at this time.
- BTC is supporting something like 144 million transactions per year
- This averages out to around 858kWh per transaction! The cost of one BTC transaction is equal to one American home's energy use for one month. Please note, this is not the cost to mine one bitcoin, this is the averaged cost of a single transaction.
- about $25 fee for transaction, and takes over 10 minutes to confirm.
Compare this to the visa network:
- 185 billion transactions per year
- Average energy cost per transaction 1.5Wh (572 000x more efficient than bitcoin)
If visa was the only other choice vs bitcoin, I'd go with Visa/fiat/digital banking because it's so much more efficient, fast, convenient. The main thing is that I care more about our planet than having a decentralized currency. And bitcoin isn't even that decentralized given that most of the hash power is in the hands of few large miners.
Bitcoin is a bad currency by any measure. Everyone is so focused on Bitcoin and thinks that we have to give it a free pass because it might lead to something better... well that better version is already here. We can have our cake and eat it too, we don't need to rely on centralized solutions like Visa. There are many cryptocurrencies that are decentralized, noninflationary, very energy efficient, low transaction fees, and fast.
Ethereum: is using POW and is basically just as wasteful as BTC. But at least they do have a path forward to switching to a POS scheme, which will use 99% less energy, when it comes
Stellar Lumens: uses a Federated Byzantine Agreement scheme. This is far more efficient and scalable. Transactions cost pennies and are fast (5s) and can process many thousands of transactions per second. I don't have energy stats handy, but it's multiple orders of magnitude more efficient than BTC. Ripple is meant to use roughly the same scheme.
Cardano: 37000x more efficient than BTC
Tezos: average transaction fee is $0.00232, uses delegated proof of stake (dPOS) for consensus which is many orders of magnitude more energy efficient than BTC
Nano: as mentioned by @Xorkoth uses a DAG and is super fast, scalable, free transactions (or just really cheap?), and extremely low energy usage.
This isn't a shill post, I don't own any of those cryptos. I've omitted the one project I'm hyped on because I don't want the purpose of this post to be about shilling my own pet project.
... I'm just scraping the surface here, there are many projects that are already solving this energy problem. We don't need bitcoin. What bitcoin has going for it is brand name recognition, hype, and belief. But those things can change, especially when the fundamentals (efficiency, scalability, utility) have major issues that are already solved by other cryptos.
@psy997 yes bitcoin has the momentum, and this is why I originally said in the comment that kicked off this whole discussion that I hope it fails, but that at this point such a hope is pissing into the wind.
The numbers don't matter because it's nothing to do with the numbers and facts at this point, and everything to do with hype. And this is the tragedy because the numbers point to a destructive hungry ghost. Oh well. Let's get rich! Lambos! Moon! Elon!
Seriously, I don't want to dissuade any of my fellow bluelighters from getting rich on bitcoin. I hope you do. You're the kind of people I want to do well off of this. I just want people to know whats actually involved in this game and for the knowledge to spread. And I hope you're all wise enough to get off the train early when the cracks begin to show so you can actually take some big profits.
The problem with your argument is that Bitcoin is the crypto with momentum. Not even Ethereum is close to it, and for the foreseeable future, nothing else will be.
Not to be rude, but your argument seems naively idealistic. The numbers don't matter IMO.
Every time I will ever seriously read the phrase "billionaire of the people" I will legit puke in my mouth.
fuck elon musk making my bitcoin fall down im still making money on it but fuck that cunt he is insider trading again and make telsa stock drop hard. They should fine that cunt half his wealth i reckon.