Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets.
Other cryptocurrencies like Ethereum, which are far more energy efficient than Bitcoin
Calling those that don’t depend on proof-of-work “more energy efficient” is understating it to the point of being dishonest. The difference is not that they’re more efficient in any conventional way. It’s that they don’t have the amazing bitcoin feature of relying for their operation on the practice of deliberately wasting enormous amounts of energy for the purpose of being able to prove that you’ve wasted enormous amounts of energy.
All the way through the cryptocurrency crash which the average reader of headlines might’ve thought had put an end to it by now, the bitcoin network has kept on burning up absurd amounts of power.
Unless you can defend that plot of land against a few of the largest superpowers combined… that land is only yours as long as your country wants to defend your ownership of it.
Water is already not yours in most places, and supplies are not guaranteed to last. Education gets lost with age, amnesia, dementia, and death. A sturdy pair of boots rarely lasts as much as a single lifetime.
I don’t think you got it.
So everything you get extra from this work would be used to multiply the same work?
Also, you got me curious: why a small plot, not more?
If you can afford more than a small plot of land in this economy, you’ve probably been hoarding too much wealth. I know it’s a very popular hobby, but it’s quite bad for you if taken to excess. But this is getting somewhat off-topic.
Some kind of technology that resembles today’s cryptocurrencies may or may not have a future. As they exist right now none of them are anything like a good investment opportunity or a safe store of value.
This whole article is dishonest nonsense. So many lols.
Apparently unwilling to put their full faith in a trustless technology,
Just like people are unwilling to put their money under their mattress.
Moreover, it has become clear that risks could spill over from decentralized finance to traditional finance,
Maybe “traditional finance” is an unstable scam too. But these people would never hint in that direction.
Its volatile value, which is evident in its wild price swings in the last few days,
How does Bitcoin look over the long term though? If going from $0 to $60,000 is volatile, then I’ll take it. It’s doubled since the past year. These articles that extrapolate from a “few days” are just opportunistic sleaze.
Don’t get me wrong. Bitcoin is a bad “investment” versus other cryptos. But these articles are dishonest trash.
Calling those that don’t depend on proof-of-work “more energy efficient” is understating it to the point of being dishonest. The difference is not that they’re more efficient in any conventional way. It’s that they don’t have the amazing bitcoin feature of relying for their operation on the practice of deliberately wasting enormous amounts of energy for the purpose of being able to prove that you’ve wasted enormous amounts of energy.
All the way through the cryptocurrency crash which the average reader of headlines might’ve thought had put an end to it by now, the bitcoin network has kept on burning up absurd amounts of power.
What asset would you consider a good value reserve?
A small plot of land with good soil and a steady supply of fresh water, a good education, and a sturdy pair of boots.
So, something the majority of people can never attain. Awesome.
Or are you going to hand me a plot of land that isn’t as big as a thimble? If so, sign me up. I want it.
Anti Commercial-AI license
Unless you can defend that plot of land against a few of the largest superpowers combined… that land is only yours as long as your country wants to defend your ownership of it.
Water is already not yours in most places, and supplies are not guaranteed to last. Education gets lost with age, amnesia, dementia, and death. A sturdy pair of boots rarely lasts as much as a single lifetime.
I don’t think you got it. So everything you get extra from this work would be used to multiply the same work? Also, you got me curious: why a small plot, not more?
If you can afford more than a small plot of land in this economy, you’ve probably been hoarding too much wealth. I know it’s a very popular hobby, but it’s quite bad for you if taken to excess. But this is getting somewhat off-topic.
Some kind of technology that resembles today’s cryptocurrencies may or may not have a future. As they exist right now none of them are anything like a good investment opportunity or a safe store of value.
VT for long term
Money Market Funds for short term
Ammo. It keeps appreciating, too. /s
It also comes first in the alphabet.
“B is for bourbon!”
This whole article is dishonest nonsense. So many lols.
Just like people are unwilling to put their money under their mattress.
Maybe “traditional finance” is an unstable scam too. But these people would never hint in that direction.
How does Bitcoin look over the long term though? If going from $0 to $60,000 is volatile, then I’ll take it. It’s doubled since the past year. These articles that extrapolate from a “few days” are just opportunistic sleaze.
Don’t get me wrong. Bitcoin is a bad “investment” versus other cryptos. But these articles are dishonest trash.