Bitcoins - digital currency
Carlin was a genius.
The planet is going to be fine .... it's the people who are effed.
This was 8 minutes of a guy making an argument against a claim no one is making. People want a better world for themselves and mankind in the future. Why is that a detestable thing? His real point seems to be that we should be content with the human species becoming extinct. Is that supposed to be wise somehow?
Why is that a detestable thing? His real point seems to be that we should be content with the human species becoming extinct. Is that supposed to be wise somehow?
If we refuse to discuss the possibility of our extinction and the processes which we need to undertake in order to avoid it, then he's right ..... we will do well to content ourselves with our destiny.
There is a hubris involved in thinking we can control everything. Maybe that step we take, which we think will prevent our extinction, actually causes it instead.
Human extinction is probably inevitable, certainly in the long term. But what does that mean? Do all humans die and leave no descendants? OK that's bad. Do all humans die but leave only non-human descendants? Is that so bad? At what point can this even be said to have happened? What is a species anyway? It's a bit arbitrary. Consider I think it was Dawkins idea of a stack of pictures. You, your father, your fathers father, etc. That millionth picture in the stack is not a human. But the difference between any one picture, the next, and the previous, is not very much.
The only time anyone ever cooperates is when they determine it's in their self interest.
BTC down to $95k.
Bitcoin down 25% from the recent peak.
How low will it go ?
I can't wait to see how these Nut Nut posts look in a couple of years.
Posting in this historic thread to document it. The price is currently 91,751, for reference.
I can't wait to see how these Nut Nut posts look in a couple of years.
Posting in this historic thread to document it. The price is currently 91,751, for reference.
Nut nuts prior account
$88k
Down nearly 30% since I showed up here with my critique.
Massive coincidence.
I profess no ability to predict short term moves. But this particular "asset" has net negative value to our species. It sucks too much energy.
If that flaw can not be remedied, its going to disappear.
Fyi - recent developments in quantum computing represent a different kind of existential threat to BTC. The possibility of computing power which can defeat blockchain encryption.
Everybody freak the **** out and panic sell everything. Nut Nut is here.
The economy is in a really weird place. Current administration has been objectively bad for economy overall but markets are being held up by Google and NVidia. Trillion pouring into a shifting economic paradigm with fuzzy paths to profitability and deep implications for the current job market.
Crypto will always be the first to go in that scenario. What people should be worried about is if Crypto is front running the trend.
My plan has been to scale back into ETH around 2500 (Seems flimsy right now) and will just pick up BTC when I decide to jump back into ETH
https://www.forbes.com/sites/digital-ass...
Here's a current article with the founder of ETH identifying the quantum computing risk for blockchain.
Or alternatively ...... engage in substantive discussion about the pro's and cons of BTC.
(Down to $87k in the last few minutes)
Including price and percentage drops from the ATH in every post is not adding anything substantive to the discussion. Anyone reading this thread is fully aware of current price and the percentage decrease from the last ATH. The volatility in price is common, both up and down. Like most bears, you'll post your profound thoughts and confidence BTC is a failing asset when price is going down but disappear once the trend reverses. At the end of the day, 1 BTC = 1 BTC.
The energy usage arguments are nothing new. The quantum computing threats are nothing new. The lack of perceived value by nonBitcoiners is nothing new. Nothing you are saying is substantive or groundbreaking.
You've made up your mind that Bitcoin is bad for the world and provides no value. Bitcoiners have different views. I'm not one of those maxis that is completely all in on Bitcoin. Bitcoin is simply a portion of my overall financial life. And my opinion is that regardless of your opinion on Bitcoin, given the trend since inception and the current financial outlook of the world today, I think it's foolish to not hedge the fact you could be wrong and own at least little bit of Bitcoin. I'm willing to make that bet and accept the risk of BTC failing one day, at which point you can finally say you're right. But until then, large swings in the USD price are just another day in the life of a Bitcoiner.
https://www.forbes.com/sites/digital-ass...
Here's a current article with the founder of ETH identifying the quantum computing risk for blockchain.
That article is a bunch of fearmongering nonsense. The author starts out talking about the current price "plunging" and the "crypto market crash." Current price action has nothing to do with quantum computing threats.
The article then throws in a noncontextual quote from Vitalik about elliptic curves dying, then quotes Vitalik on the risks of losing decentralization due to institutional adoption (which has nothing to do with quantum computing), then quotes other random sources about how quantum computing is improving and solutions will need to be implemented in the future to avoid blockchain interruption.
So basically, quantum computing could become a threat, maybe by 2028, maybe by 2030, maybe whenever. But don't panic, let's get serious, and maybe we can fork to a stronger blockchain by 2030, but even then, quantum computers may not be a threat until a bit later than that.
I guess Bitcoin is dead again. Classic Forbes garbage.
