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Bansi Sharma Profile picture
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15 May, 5 tweets, 1 min read
How Bitcoin Is Destroying The Planet 1/2
By consuming more electricity than the annual usage of 159 countries. And guess what al that power is being used to do?
How Bitcoin Is Destroying The Planet 2/2
To power supercomputers that are competing against each other to 'guess an arbitrary number.' The winner is rewarded in Bitcoin and the next round starts. This is happening nonstop around the world. That is it.
The last time I looked (in 2017), the electricity used to mine Bitcoins in just one year was 29.05 Terra Watt Hours. A Terra Watt Hour is of course a Thousand Billion Watt Hours.
*all that power
And if you doubted me, here is Elon Musk on the topic.

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More from @bansisharma

Bansi Sharma Profile picture
16 May
Even as I hate 2020 election irregularities, Donald Trump has supplanted Hillary Clinton as the sorest loser in American history.

Trump will always have a small coterie of diehard supporters, but Americans by and large don't like a sore loser for long, in my experience.
Nothing, and I mean nothing, justifies Trump slandering Mitch McConnell and Mike Pence for those two men having done their constitutional duty. They supported him as far as they could constitutionally, but refused to cross the constitutional red line (I respect them for it).
If Trump wants to complain till his dying day that he was wronged by the Democrats, that's his prerogative. What I will actively oppose is him trying to tear down Mitch McConnell and Mike Pence or anyone else for not having violated the Constitution at his behest.
Read 5 tweets
Bansi Sharma Profile picture
12 May
There's Only One Way This Movie Ends

If you think 'stimulus' spending and state bailouts have caused inflation, wait till you see what 'infrastructure' spending will do. Govt cannot print money endlessly with impunity. Democrats will not rest until the U.S. turns into Venezuela.
Consumer prices surged in April by the most in any 12-month period since 2008.

“The Biden Administration is providing the biggest positive stimulus to demand since WWII, and at the same time doing everything it can to suppress supply." -- Kevin Hassett
"Higher [unemployment insurance] benefits, closed schools (which keep one parent at home), and promised corporate tax hikes practically guarantee that supply can not keep up with demand. It is a recipe for an inflation shock we have not seen in the U.S. in a generation.”
Read 4 tweets
Bansi Sharma Profile picture
12 May
Her insufferable sanctimony is her downfall.

Since the moment electoral vote was ratified, no GOP member of Congress has asked for the election to be overturned. Election is over. Every GOP member of Congress believe in the Rule of Law. Stop being so fatuously sanctimonious. 1/2
But that does not mean we cannot question the questionables about the last election with a view to fix them for the future. Stop obsessing over Trump and playing into Democrats' hands. It is of paramount importance that we improve the integrity of our elections going forward. 2/2
This captures the reasons for ousting Liz Cheney perfectly. It is unbelievable how counterproductive her shenanigans have become.
washingtonexaminer.com/politics/why-r…
Read 5 tweets
Bansi Sharma Profile picture
7 May
Why Journalists Have Little Credibility When They Quote 'Science!'

What the enclosed paragraphs say about SARS-CoV-2 virus can be said about many other areas of modern research, including Climate Change. Image
Was SARS-Cov-2 Created in the Wuhan Lab?

At this point there are serious doubts about 'natural emergence' of SARS-Cov-2 virus. Natural emergence seems like a fiction created and promulgated strenuously by China and virologists affiliated with China funded research. Image
This is why scientists are not always the best judge of societal risks of their work. Work on genetic mutations needs to be guided by a higher level of wisdom than seems to be at work at some of the labs around the world. Image
Read 20 tweets
Bansi Sharma Profile picture
7 May
Job Resistance Grows

a) The unemployment rate rose to 6.1%.
b) Number of open jobs is at an all time high.

How's that possible?
Answer: Government stimulus checks.

When being unemployed pays more than getting a job, is it any wonder many are refusing to join the workforce.
Your Tax Dollars At Work

Government is making economic recovery harder by unwisely spending more money than it should, but will now use the excuse of slow recovery to spend even more money in the name of creating more jobs. Jobs are already there. People aren't filling them. Image
There are several reasons for the unemployed not going back to work despite an unprecedented level of job openings going unfilled. But this one deserves special attention:

"Employers complain that enhanced unemployment benefits are keeping workers on the sidelines."

No kidding! Image
Read 4 tweets
Bansi Sharma Profile picture
7 May
1. Thoughts on 2020 Election Fraud

For tens of millions of Americans, frustration with the 2020 election and the desire to believe that there was electoral fraud is so high that they can fall easy prey to con artists who prey upon that frustration.

Don't be an easy prey.
2. There are things we know quite well by now about the 2020 election, things we don't know, and things that are unknowable. Being skeptical is absolutely justified. Being certain is not.
3. Election irregularities by way of questionable rule changes implemented in swing states under questionable authority are well known by now, and are absolutely something that needs to be fixed by state legislatures. Some states are already doing that.
Read 12 tweets

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