Can anyone make a good case for what New Zealand is wasting all this good electricity on?
I think the underlying technology behind New Zealand is interesting, but I just don't see how it can justify so much electricity consumption in the middle of the Pacific.
The old Zeeland is still working fine, and consumes far less energy than the New Zealand. I really don't understand what justifies all the extra energy expenditure to make a new one.
👆That's what you sound like when you decide that bitcoin consumes too much electricity.
Electricity isn't a fixed supply entrusted to humanity which we have to ration based on the morality of emotional TV viewers. It's a good anyone can make, sell & buy, including you.
Don't like Bitcoin or New Zealand? Don't deal with them. But if people make electricity in NZ and others buy it, how is this a problem for you? How is bitcoin miners buying electricity from its producers different?
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My personal experience with Covid was a 20-30% loss in productivity & a 20-30% increase in sleep, for about a week. By simply doing the opposite of everything public health authorities recommend, my immune system was able to shake this off easily.
The idea that the world needed to be shut down for
this disease always sounded insane to me, but it appeared in an entirely new light of stupidity after experiencing the illness & seeing the overwhelming evidence of how good metabolic health is key to fighting it off.
Bitcoin is a global conspiracy to make the whole world rich and your only option is to join.
No matter how late you are to join bitcoin, you will still benefit enormously from living in a world where everyone can save their wealth in hard money. Like the wheel, electricity, or internet, everyone benefits from it.
Bitcoin is the best savings technology ever invented. For the past century we've had to make do with inferior alternatives:
Michael has prepared what will surely be an incredibly informative conference, and it is just about to start. Sign up on microstrategy.com/en/resources/e…
Whatever happens in the paper market doesn't matter because it's very easy to mine and recycle tons and tons of silver and bring it on the market, crashing the price.
In The Bitcoin Standard, I explain why silver has been in a bear market for 150 years. No matter how many internet vigilantes try to pump it, they are no match for silver miners.
Only bitcoin resists inflation. Only bitcoin has Number Go Up Technology
What's astonishing about coronahysteria is how nobody wants to fix their diet, build their immunity, or look into the cheap drugs that are repeatedly proving effective worldwide.
Only lockdowns, masks, and patented vaccines work because the TV said so.
Fascinating to see the BIS mention "sound money" in the context of digital currencies.🧐🤔
Still a completely nonsensical marketing buzzword coming from them. Sound money is chosen on the market freely, not mandated by bureaucrats through govt-enforced central banking monopolies
Carstens doesn't define sound money. He simply asserts it's something that central banks can produce better. But what if people choose something else? What if people prefer to have a money that appreciates as they hold it, rather than depreciate to finance the local kleptocracy?
It's clear central banks want to introduce digital currencies, but these are not competition for bitcoin. By having full surveillance & allowing inflation & central planning, these stupid shitcoins will be the best advertisement for bitcoin