3 years ago our amateur football which I was a manager for won the double.
In the final game of the season there were three teams still in contention to win the league.
We were one of those teams playing against another team in contention to win. The third team was playing against another opposition who had nothing to play for.
Let’s call us team A, and the other two teams B and C.
Team and A and B were playing each other with team C playing an opposition with nothing to play for. Team C needed to win or draw and for team B to win against us (team A).
1/ @Excellion: “The #bitcoin is bad for the environment narrative has been lurking around for some time. More recently it has come to prominence because of bitcoin’s rise in prominence. This brings along all FUD; Tether, Mining etc.
2/ the reason why #bitcoin mining is a target for this FUD is because it’s so easy to calculate the energy consumption of the network because it’s transparent. You can see how many THs it is, you can calculate how many machines there are, and how much electricity it would consume
3/ whereas with the traditional financial system you have a very opaque layer over everything. You just don’t know how much it costs to produce and transport cash from production to bank vaults, atms etc. And how much energy the banking system consumes with data centres,
- You need to have US$130,000+ to become a validator.
- the average person can’t run a node at home.
- the protocol hard forks at the beck and calling of a minority of participants.
Most people don’t care about decentralisation
2/ even though this is one of the main factors that differentiated #bitcoin from our current political and financial systems.
3/ the worst thing is that there is such a lack of education around other crypto assets vs #bitcoin. Everyone knows the bitcoin buzzwords and then they apply them to all other crypto assets even though they don’t apply. “Decentralised” is a great example of this.