Bitcoins - digital currency
Eventually it will. Bitcoin is completely unnecessary and has no inherent value in a world which is going down the tubes as a result of carbon emissions which are artificially enhanced by insane electrically intense activities like bitcoin mining.This is the Dutch Tulip craze of the 21st century.If an intelligent future species somedays does an archaeological dig and turns up e
The value is that you don't have a middle man. There are pros and cons to that, but it definitely has a use case. I think having access to a currency that can be traded globally without government interference or meddling is incredibly useful... never mind several other attributes it also has.
As for it being backed my energy, again, that has pros and cons. You see it as energy wasted, but you can make similar arguments about any number of things. The energy is what protects the asset and to a certain extent gives it value here. There is also a significant drive for miners to adopt cheaper energy alternatives which in theory should drive innovation and adoption of renewables—there are several examples of bitcoin mining companies doing just that. There are also examples of utilizing the heat of the miners to heat a home/area etc. so be more efficient with other use cases also.
As for it being backed my energy, again, that has pros and cons. You see it as energy wasted, but you can make similar arguments about any number of things.
Some see it as energy wasted, others see it as energy used. By and large, the energy is already created and otherwise going unused. Bitcoin miners can go to these facilities and use that energy that is already being created anyways. If there is other demand for that energy, price increases, and miners go elsewhere in search of cheaper energy.
The omg energy take is a really bad one from anti bitcoin people.
Uptober got off to a good start!
The value is that you don't have a middle man. There are pros and cons to that, but it definitely has a use case. I think having access to a currency that can be traded globally without government interference or meddling is incredibly useful... never mind several other attributes it also has.As for it being backed my energy, again, that has pros and cons. You see it as energy
Good post, but you forgot something:
Spoiler
P
P?
Some see it as energy wasted, others see it as energy used. By and large, the energy is already created and otherwise going unused. Bitcoin miners can go to these facilities and use that energy that is already being created anyways. If there is other demand for that energy, price increases, and miners go elsewhere in search of cheaper energy.The omg energy take is a really bad
I agree for the most part.
Yes, to finish the combo:
😉
As this thread is about investing, I'll throw in for anyone interested a long recommendation - Binance coin (BNB). If there is interest I'll explain why I've invested in it.
This thread is funny. I posted this a few years ago. BNB has gone through 100x for me, I'm still holding. Of course nobody took me up on my offer, they were too busy explaining that Bitcoin has no value.
I had 69 BNB, but when binance had to leave the US initially I exchanged it for other stuff.... WELLLLLLLLLLLLLLLLL it didn't work out as good as BNB did.
True story.
Need a new trend for 1M. Happens in 4-5 years. Trend can start in a year or two.
I propose halos.
Some see it as energy wasted, others see it as energy used. By and large, the energy is already created and otherwise going unused. Bitcoin miners can go to these facilities and use that energy that is already being created anyways. If there is other demand for that energy, price increases, and miners go elsewhere in search of cheaper energy.The omg energy take is a really bad
. In September 2025, the Cambridge Centre for Alternative Finance estimates that Bitcoin mining consumes 211.58 terawatt-hours annually — roughly 0.83% of global electricity consumption, comparable to that of a small nation like Thailand or Vietnam. (See Cambridge Centre). These Bitcoin mining efforts utilize a diverse energy mix, with 52.4% from non-fossil fuel sources, including nuclear (9.8%) and from renewables (42.6%) such as hydropower (23.4%), wind (15.4%), solar (3.2%), and other renewable sources (0.5%). Fossil fuels account for the other 47.6%, with natural gas leading all sources (38.2%), followed by coal (8.9%) and oil (0.5%). (See Cambridge Digital Mining Industry Report April 2025).
Bitcoin is a symptom of a disease.
It's not necessary. If bitcoin disappears tomorrow, the world continues to roll along just fine. It's just a massively polluting redundancy and a Ponzi scheme.
Like all Ponzi schemes, some people will make money by getting out before the collapse.
Bitcoin is a symptom of a disease.
It's not necessary. If bitcoin disappears tomorrow, the world continues to roll along just fine. It's just a massively polluting redundancy and a Ponzi scheme.
Like all Ponzi schemes, some people will make money by getting out before the collapse.
You may find a more receptive audience for your views here: https://forumserver.twoplustwo.com/30/bu...
However, in this thread you've earned yourself another
H
S
P
Bitcoin is a symptom of a disease.
It's not necessary. If bitcoin disappears tomorrow, the world continues to roll along just fine. It's just a massively polluting redundancy and a Ponzi scheme.
Like all Ponzi schemes, some people will make money by getting out before the collapse.
As in a terminal disease ?
If a disease last your entire life .
Is it still call a terminal disease ?
Bitcoin is a symptom of a disease.
It's not necessary. If bitcoin disappears tomorrow, the world continues to roll along just fine. It's just a massively polluting redundancy and a Ponzi scheme.
Like all Ponzi schemes, some people will make money by getting out before the collapse.
It is necessary, though. We are in a money glitch where it is currently backed by nothing. Bitcoin fixes this. What if it is as simple as:
Gold for last 5000 years<----now---->Bitcoin for next 5000 years
Whatever happens, fiat money is exposed.
