Is the crypto winter over?

Discussion in 'Crypto Assets' started by schizo, Jan 13, 2023.

  1. haha.i cant help just yet.

    as i said i need to research a bit more to understand what they mean.

    interesting though.

    i assume they havent pulled it out of thin air?
     
    #1231     Sep 30, 2023
    johnarb and schizo like this.
  2. schizo

    schizo

    Well, this one ain't too hard to grasp. Republicans have always been (at least in my lifetime) the party of the haves and the Dems the party of the have-nots. So unless they can start paying welfare recipients with bitcoin, I don't think it will fly with the Dems.
     
    #1232     Sep 30, 2023
  3. schizo

    schizo

    Well, I'm still waiting. :)
     
    #1233     Sep 30, 2023
  4. Yeah, that’s not it. You think the majority of Trump supporters, who represent the majority of the Republican party, are the “haves?” Forget the so-called “whales.” They don’t count; there are only a few of them and they’re the predators in the pond feasting on the fish who bought the utopian narrative hook, line and sinker.
     
    Last edited: Sep 30, 2023
    #1234     Sep 30, 2023
  5. themickey

    themickey

    In Australian lingo, the Rupublican mob, those who are true Trump supporters, they remind me of what it is to be bogan.
    housosbogans.png

    housos.jpg
     
    #1235     Sep 30, 2023
    johnarb likes this.
  6. johnarb

    johnarb

    Yee Haw

    Red, Blue, Brown, Rainbows, all the same, all distractions,

    Good book

     
    #1236     Sep 30, 2023
  7. johnarb

    johnarb

    Bitcoin miners are paying for energy in a free open market

    All the electricity used in Vegas, all the electricity used by gamers, all the electricity used by websites like ET, all the electricity used by AI (now being targeted) all the electricity used by dishwashers and clothes washers and dryers are paid by people and companies that have the means
     
    #1237     Sep 30, 2023
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  8. johnarb

    johnarb

    You are wrong

    Bitcoin miners are securing the Bitcoin network, providing security to a global monetary network that has settled more value last year than Visa, over $14 Trillion settled onchain

    Bitcoin mining is one of most competitive industry wrt cost-efficiency and it forces them to seek out the cheapest most abundant sources of energy and this means renewable energy that would otherwise not have any buyers

    Examples of these are geothermal energy in places like Iceland, excess energy production from solar and hydro and even harmful to environment energy such as flare gases, stranded energy in remote places that have running water

    If Bitcoin miners were to use expensive electric like the ones in the city or other places where energy is not abundant and high in-demand, they would go bankrupt very quickly
     
    #1238     Oct 1, 2023
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  9. So guys, do you believe in the upcoming cash shortage John Doe is getting hit by will make for a revival of crypto?
     
    #1239     Oct 1, 2023
  10. Can't hurt! haha.

    Is there a chance of a biblical analogy re BTC? What about the confusion of tongues (each country having its own currency) absolved by the Lord via a world currency and we all live happily ever after! hahaha
     
    #1240     Oct 1, 2023
    johnarb likes this.