|
Shear Modulus posted:multiple new chinese server farms burning 50 megawatts of coal each to solve useless makework cryptography problems to inflate the world's dumbest and least substantial speculative bubble of all time and killing all life on earth in the process owns technically bitcoin is deflating not inflating, which is uh kinda bad for a currency
|
#
?
Dec 16, 2017 06:39
|
|
|
|
| # ? Jun 8, 2024 17:16 |
|
|
ThndrShk2k posted:If China is the king of green energy technology, China is then the big shot in the post-coal economy. So it actually still is economics. The GOP keeps bringing up War on Coal as an essentially culture war wedge issue when coal is going to die all on its own, and China's simply being more ... realistic?
|
|
#
?
Dec 16, 2017 06:40
|
|
|
WhiskeyJuvenile posted:technically bitcoin is deflating not inflating, which is uh kinda bad for a currency But yes, realistically as a stand alone currency Bitcoin is deflating, but it's exchange price is inflating comparatively to USD which many people do as they consider it a commodity and not a currency. Which is how many people view actual money too.
|
|
#
?
Dec 16, 2017 06:42
|
|
|
gradenko_2000 posted:So it actually still is economics. The GOP keeps bringing up War on Coal as an essentially culture war wedge issue when coal is going to die all on its own, and China's simply being more ... realistic? If they do a couple moves right they could literally become self sufficient and the largest economic power at the same time
|
|
#
?
Dec 16, 2017 06:45
|
|
|
My understanding is that the other thing is the chinese leadership does not actually like giant clouds of smog, and would like giant clouds of smog to be less of a thing.
|
|
#
?
Dec 16, 2017 06:45
|
|
|
China will still have massive coal plants running 20/30 years into the future, don't kid yourself, it's just smart enough to really build up a renewable industry
|
|
#
?
Dec 16, 2017 07:02
|
|
|
A ton of right-wing policy across the western world has been literally to spite environmentalists for decades, now. China doesn't care about them, which is actually an improvement.
|
|
#
?
Dec 16, 2017 07:06
|
|
|
How do I accelerate the bit coin crash? It really is the dumbest loving thing.
|
|
#
?
Dec 16, 2017 07:07
|
|
|
reignonyourparade posted:My understanding is that the other thing is the chinese leadership does not actually like giant clouds of smog, and would like giant clouds of smog to be less of a thing. yeah...China’s pollution is up to an insane level. to the point that a lot of livable/farmable environments have been deteriorating. moving to green energy is a smart move, but they aren’t being benevolent about it and more “holy poo poo we are all gonna choke to death in a decade if we keep shoveling coal.”
|
|
#
?
Dec 16, 2017 07:07
|
|
|
The Nastier Nate posted:How do I accelerate the bit coin crash? It really is the dumbest loving thing. Start mining
|
|
#
?
Dec 16, 2017 07:16
|
|
|
The Nastier Nate posted:How do I accelerate the bit coin crash? It really is the dumbest loving thing. get a second mortgage and put it all in bitcoin
|
|
#
?
Dec 16, 2017 07:18
|
|
|
Sheng-Ji Yang posted:get a second mortgage and put it all in bitcoin my second mortgage already went to Campaign in North Africa
|
|
#
?
Dec 16, 2017 07:20
|
|
|
wait so the entire reason bitcoins value has skyrocketed is because of the sheer amount of physical energy it takes to generate new ones? lol; lmao
|
|
#
?
Dec 16, 2017 07:23
|
|
|
anime was right posted:wait so the entire reason bitcoins value has skyrocketed is because of the sheer amount of physical energy it takes to generate new ones? There are probably lots of reasons, but the fact that it’s becoming harder and harder to bring new bit coins into the market probably is a factor in raising the value of existing ones.
|
|
#
?
Dec 16, 2017 07:27
|
|
|
anime was right posted:wait so the entire reason bitcoins value has skyrocketed is because of the sheer amount of physical energy it takes to generate new ones? the reason why it keeps going up up up is because it can only go up so you gotta get in now
|
|
#
?
Dec 16, 2017 07:30
|
|
|
one of my favorite parts of bitcion is that it takes like $30-40 now just to get your transaction acknowledged on the blockchain or whatever the gently caress, and it can still take hours to go through. the currency of the future
|
|
#
?
Dec 16, 2017 07:33
|
|
|
https://twitter.com/CBSNews/status/941919090679189504
|
|
#
?
Dec 16, 2017 07:35
|
|
|
bitcoins have become more valuable because people want them, so they become more valuable so more people want them, so they become more valuable so peopl
|
|
#
?
Dec 16, 2017 07:57
|
|
|
releasing my limited print of beanie baby cryptocurrency
|
|
#
?
Dec 16, 2017 08:05
|
|
|
lol if China destroys the environment in the pursuit of fake internet money chairman mao looks down from heaven and sighs as he rests his face in his palms
|
|
#
?
Dec 16, 2017 08:29
|
|
|
chinas green industry boom is a facade that either fails to perform to standard or is a literal facade made to look good for photographs much like the rest of the prc's finances
|
|
#
?
Dec 16, 2017 08:32
|
|
|
logikv9 posted:bitcoins have become more valuable because people want them, so they become more valuable so more people want them, so they become more valuable so peopl
|
|
#
?
Dec 16, 2017 09:06
|
|
|
Pepperoneedy posted:You must consolidate additional data centers
|
|
#
?
Dec 16, 2017 09:29
|
|
|
WhiskeyJuvenile posted:technically bitcoin is deflating not inflating, which is uh kinda bad for a currency Imagine a monetary system where every time you pay for something, a fraction of the transaction gets removed from the money supply forever. That sounds insanely good and cool, imho.
|
|
#
?
Dec 16, 2017 10:24
|
|
|
logikv9 posted:bitcoins have become more valuable because people want them, so they become more valuable so more people want them, so they become more valuable so peopl And by want you mean hoard. The cost rocketing, as far as I know, is caused by a crisis in liquidity first and foremost. Couple years ago a single Bitcoin owner attempted to liquidate his hoard and it crashed the whole economy.
|
|
#
?
Dec 16, 2017 10:25
|
|
|
loquacius posted:Tito Jackson challenged Marty Walsh for mayor of Boston and nobody outside of a few poorer neighborhoods and the Internet ever heard about him I saw a bunch of yard signs for Tito Jackson! I guess that means I'm in one of the poorer neighborhoods WhiskeyJuvenile posted:technically bitcoin is deflating not inflating, which is uh kinda bad for a currency bitscoins arent a currency, theyre tulip bulbs but even less useful. Also a bitscoin was 'worth' $2k two months ago, and is now 'worth' $16k. 800% growth in two months is a classic hallmark of a very stable commodity that will certainly hold its value for years to come. My spellcheck recognizes 'bitcoin' as a real word and I am very upset about that
|
|
#
?
Dec 16, 2017 11:33
|
|
|
So Bitcoin is doing bad even though it's up 6000%?
|
|
#
?
Dec 16, 2017 11:41
|
|
|
punk rebel ecks posted:So Bitcoin is doing bad even though it's up 6000%? It is extremely normal for very real commodities to suddenly massively increase in price in a short time frame because of the underlying fundamental value that a bitscoin represents E: So yes this is good for bitcoins
|
|
#
?
Dec 16, 2017 11:47
|
|
|
punk rebel ecks posted:So Bitcoin is doing bad even though it's up 6000%? It is a very successful pyramid scheme.
|
|
#
?
Dec 16, 2017 11:58
|
|
|
punk rebel ecks posted:So Bitcoin is doing bad even though it's up 6000%? https://en.wikipedia.org/wiki/Tulip_mania
|
|
#
?
Dec 16, 2017 12:17
|
|
|
Taintrunner posted:lol if China destroys the environment in the pursuit of fake internet money 
|
|
#
?
Dec 16, 2017 13:01
|
|
|
The Nastier Nate posted:How do I accelerate the bit coin crash? It really is the dumbest loving thing. Honestly? Just wait. It's like a perpetual motion machine, but for human stupidity.
|
|
#
?
Dec 16, 2017 13:15
|
|
|
I mean, the government just got clearance from the courts to sell off the 8.4 million in bitcoins it seized as part of the aaron shamo case, so the price is going to drop.
|
|
#
?
Dec 16, 2017 13:21
|
|
|
Gene Hackman Fan posted:I mean, the government just got clearance from the courts to sell off the 8.4 million in bitcoins it seized as part of the aaron shamo case, so the price is going to drop. Given Bitcoin’s incredible rise in price over the last year, the sale is likely to result in the highest number of dollars of any forfeited cryptocurrency associated with a criminal bust. In 2014, nearly 30,000 bitcoins that once belonged to the notorious Silk Road website were sold to Tim Draper, a well-known Silicon Valley venture capitalist.
|
|
#
?
Dec 16, 2017 13:50
|
|
|
dads friend steve posted:one of my favorite parts of bitcion is that it takes like $30-40 now just to get your transaction acknowledged on the blockchain or whatever the gently caress, and it can still take hours to go through. It's basically like taxes on the economic system to maintain the quality entire system, but 100% goes to what it's meant to unlike actual taxes. Other crypto have risen to be the lower value/denomination currency at the moment so it's better to invest in those than directly with bitcoin at the moment, especially if you need to transfer that small amount of investment out anytime soon.
|
|
#
?
Dec 16, 2017 14:10
|
|
|
Agean90 posted:chinas green industry boom is a facade that either fails to perform to standard or is a literal facade made to look good for photographs much like the rest of the prc's finances
|
|
#
?
Dec 16, 2017 14:13
|
|
|
steinrokkan posted:Imagine a monetary system where every time you pay for something, a fraction of the transaction gets removed from the money supply forever. That sounds insanely good and cool, imho.
|
|
#
?
Dec 16, 2017 14:14
|
|
|
Not a Step posted:bitscoins arent a currency, theyre tulip bulbs but even less useful. Also a bitscoin was 'worth' $2k two months ago, and is now 'worth' $16k. 800% growth in two months is a classic hallmark of a very stable commodity that will certainly hold its value for years to come. Money is just a means of value transfer, and not value in of itself. People still attribute value to money which is why the current world economy is the way it is and that is also why bitcoin is worth so much beyond just the value of it's capabilities of a value transfer system.
|
|
#
?
Dec 16, 2017 14:18
|
|
|
Gene Hackman Fan posted:I mean, the government just got clearance from the courts to sell off the 8.4 million in bitcoins it seized as part of the aaron shamo case, so the price is going to drop. etalian posted:Given Bitcoin’s incredible rise in price over the last year, the sale is likely to result in the highest number of dollars of any forfeited cryptocurrency associated with a criminal bust. In 2014, nearly 30,000 bitcoins that once belonged to the notorious Silk Road website were sold to Tim Draper, a well-known Silicon Valley venture capitalist. They could crash the economy at any time. When it hit 12kusd china dumped a bunch to get it to 8-9k and then it bounced back.
|
|
#
?
Dec 16, 2017 14:22
|
|
|
|
| # ? Jun 8, 2024 17:16 |
|
|
ThndrShk2k posted:Russia and China have a lot more than just 30k coveted. lol The Silk Road story was funny how the techie dork bragged how FBI agents were too dumb to catch him.
|
|
#
?
Dec 16, 2017 14:50
|
|