Bitcoins - digital currency
I didn't say that. I just listed some examples of things that are worse for the environment.
Ya i realize it was a non exhaustive list, but if both forms of air travel qualify, it's weird and questionable to specify only the one form of air travel in your examples.
Ya i realize it was a non exhaustive list, but if both forms of air travel qualify, it's weird and questionable to specify only the one form of air travel in your examples.
Recreational jet travel is higher on the list of things to be abandoned. I don't imagine military jets being given up quickly.
Essential is what is necessary to survive and that includes limiting pollution caused by non-essential activities. If a society relinquishes the resolve to survive, it will perish. Someone(s) must have the authority to do what is necessary to survive. Frankly, I would rather it be someone else making the decisions. I don't want to deal with all of the selfish and ignorant whine
People can't be expected to make sacrifices based on some uncertain future prediction. Especially in the developing world where the sacrifices would be more than just luxuries. Energy use is highly correlated with human well being, and is a big reason why climate and weather related deaths are down enormously in the last century. While I believe that climate change "catastrophizing" is very much overblown, some change is inevitable, and we will survive that by using more energy and technology, not less.
The single most important criterion for humanity is quality of life. It is the benchmark against which all proposals/ideas should be based.
It seems reasonable to me that establishment of Bitcoin has added to quality of life, not subtracted from it. Proof of work is a brilliant concept, but unfortunately Bitcoin's PoW consumes a lot of energy. If a sharp person could figure out how to get Bitcoin's PoW to actually produce something to improve quality of life*, such as sequences for curing cancer, advanced materials, etc., then it would be a win-win for humanity.
* - I am not addressing the benefits PoW provides to validate BTC transactions.
Then why do people sacrifice money to pay for homeowners insurance ?
People routinely make sacrifices to eliminate risk.
And climate change isn't some "uncertain prediction". It's science and data. Plastic in our brains is quantifiable during an autopsy. Rising sea levels are measured by satellite instruments and we can see the sunny day flooding events at high tide. Water levels at key reservoirs are measurable. Homeowner insurance rates are measurable.
It's all real and it's happening.
Abandoning bitcoin is not some huge sacrifice. It won't make a serious impact in anyone's life except the 1% who are speculating on it.
Then why do people sacrifice money to pay for homeowners insurance ? People routinely make sacrifices to eliminate risk. And climate change isn't some "uncertain prediction". It's science and data. Plastic in our brains is quantifiable during an autopsy. Rising sea levels are measured by satellite instruments and we can see the sunny day flooding events at high tide. Water leve
I was talking about much greater sacrifices than an insurance premium or even abandoning bitcoin, and sacrifices affecting billions rather than affecting individual decisions.
Anyway, there is more to Bitcoin than speculation. If there weren't, what would people be speculating on?
If a sharp person could figure out how to get Bitcoin's PoW to actually produce something to improve quality of life*, such as sequences for curing cancer, advanced materials, etc., then it would be a win-win for humanity.
I used to have this thought back in 2014.
The beauty of the current system is bitcoin difficulty adjusts every 2,016 blocks (roughly 2 weeks) in order to maintain on average 10 minute block time.
It's all math based. Cancer, SETI, next prime number, genome finding, etc. has no way to do this. There's no formulaic way to adjust to smooth out the block time average. The time to find the next solution is unknown.
But as you say, maybe a sharp person can figure out a way to do it.
I thought blockchain would be good in electoral voting systems.
imo the only "anti bitcoiners" who think btc is bad or a ponzi or whatever.
I think their best defense they can say is that the bitcoin/crypto people have moved the goalposts since 2015,
crypto went rom US GOVT cant ever get their hands on it / separate from the stock market and global economy
to now not only is it year by year trending more similar to teh stock market and world economy but also most crypto WANT the govt to verify it more and regulation of it seems good while in 2016 that woudl have pissed a lot of people off
obv evolve and growth is always changing and things arent absolute
it is silly calling btc a ponzi or that itll go to 0 "soon". even if it goes to 0, the people screaming saying they were right..were actually wrong
metals or bitcoins which will have better roi in 2026?
lol you would think its impossible to make that comparison now but I guess not. I suppose normies who don't want to be wrong about bitcoin and who's egos wont let them change their mind lap that stuff up still.
What do bitcoin advocates think about this corporation Strategy's business model ?
The corporation raises money from two different classes of equity investors.
1) Preferred shareholders who are senior to common shareholders in the hypothetical future bankruptcy scenario who generally get nothing before preferred shareholders are paid in full. These people are in line for returns of 8-10%.
2) Common shareholders.
They also raise money from debt markets which are higher still in liquidation preference.
They use the funds to buy shares of bitcoin. They have over 650,000 BTC on their balance sheet which is currently worth about $55B.
From my standpoint, it looks like the entire purpose of the company is to serve as an engine to provide those preferred shareholders a relatively enticing low risk return. If Bitcoin tanks, the people left holding the bag are the common shareholders who equity provides a cushion for them.
Why is investing in a company like this considered even remotely wise in contrast to the possibility of just buying bitcoin oneself ? What's the perceived benefit of a company like this for common shareholders. I don't get it. It strikes me a late stage form of some form of societal mental illness which has become so obsessed with speculation that it is considered sacriligeous to criticize its essence.
That a business like this is actually a reflection of a healthy society is to me completely unfathomable.
Forgive my intrusion into the world of gambling glorification. I enjoy some small stakes gambling myself from time to time. More for the social aspect than a passion for max profitability. I don't mean to demean people for their enjoyment of that. But if some are concerned with our nation's ability to compete with other serious nations like China for global supremacy, that competitiveness is going to be based upon the variety of betting options which are abundantly available for the financial benefit of the people who collect the vig.
Seems likely that the 10/10 rumors are true and wintermute and possibly other market makers were essentially wiped out and who knows when there will be new liquidity to step in. Private credit is pure **** right now
Seems likely that the 10/10 rumors are true and wintermute and possibly other market makers were essentially wiped out and who knows when there will be new liquidity to step in. Private credit is pure **** right now
been waiting for this. heard the speculation since october but haven't seen anything confirmative.
haven't been following along much the past couple weeks. time to check out X for sources.
I am making some heavy assumptions but the other side of that coin is that tradfi is purposely depressing prices to demoralize holders and accumulate more before they send everything up 3-10x which certainly feels like cope
Do you guys think the 4-year cycle is broken due to the massive institutional adoption over the past year or so? Unless we get an insane rally within 12 days, BTC hasn't performed very well this year - despite the new ATH.
According to the classic cycle, 2026 should be a bad year. And the Fed doesn't foresee many rate cuts in the near future. On the other hand, QT has recently ended, which should be good for BTC.
I think the four year cycle is broken because each halving is becoming much less significant in terms of the absolute change in the mining inflation rate.
Log chart here https://charts.bitbo.io/inflation/
https://www.porkopolis.io/thechart/
These guys are projecting bitcoin's price using a power law trend. It's been four years since the last top, and unless something happens quickly, we are not likely to see a move above their higher percentile lines like we did each previous cycle. Curious to see if this trend itself even holds.
Do you guys think the 4-year cycle is broken due to the massive institutional adoption over the past year or so? Unless we get an insane rally within 12 days, BTC hasn't performed very well this year - despite the new ATH.According to the classic cycle, 2026 should be a bad year. And the Fed doesn't foresee many rate cuts in the near future. On the other hand, QT has recently e
??? Didn't trump call for fed rates like 3x in the last 12 months?? and now he is getting his HAND PICKED guy in there so we are absolutely going to see a cut or two in 2026. whether we like it or now.
I still think BTC is investable but lets be real SP the last 4 years has been bonkers and if BTC is tied in with the market more than ever, its really a case of if you think market will still perform well than that equates well for btc
??? Didn't trump call for fed rates like 3x in the last 12 months?? and now he is getting his HAND PICKED guy in there so we are absolutely going to see a cut or two in 2026. whether we like it or now.
Right. I somehow forgot that Powell's term is almost over.
??? Didn't trump call for fed rates like 3x in the last 12 months?? and now he is getting his HAND PICKED guy in there so we are absolutely going to see a cut or two in 2026. whether we like it or now.I still think BTC is investable but lets be real SP the last 4 years has been bonkers and if BTC is tied in with the market more than ever, its really a case of if you think marke
FOMC is a 12 person committee. Chair certainly has a lot of influence but they don't pick policy rate singlehandedly.
