Bitcoin

[AtW]

It’s “find a bigger fool” issue

[DealorNoDeal]

"The electicity consumed by Bitcoin in a year could power the entire UK for 5 months."

But don't worry because

"it serves probably 100x the number of people who live in the UK" [100x 65 million = 6.5 billion]

Bitcoin’s green problem could pose an existential threat

Bitcoin fanatics really are in a bit of denial.

[_V_]

https://twitter.com/markets/status/1370684700482805761

Bitcoin is picking up momentum once again, topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.


The cryptocurrency was at 60,012 as of 12:22 p.m. London time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.

[AtW]

"The electicity consumed by Bitcoin in a year could power the entire UK for 5 months."

The way things go the entire UK can be bought for a bitcoin in 5 months.

[_V_]

The way things go the entire UK can be bought for a bitcoin in 5 months.

This is true, I read in the Guardian that the UK economy has collapsed and trade with the EU has effectively stopped.

A bitcoin will buy freedom from tyranny and citizenship in a developed country.

[AtW]

A bitcoin will buy freedom from tyranny and citizenship in a developed country.

In Swindon?

[DealorNoDeal]

https://twitter.com/markets/status/1370684700482805761

Bitcoin is picking up momentum once again, topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.


The cryptocurrency was at 60,012 as of 12:22 p.m. London time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.

The RSI (Reverse Scooter Indicator) nailed it again.

https://forums.contractoruk.com/gene...ml#post2867823

[Andy2]

to tackle global warming, major step should be taken by the UN, by banning bitcoin. They are consuming 130 terawatts of energy

[Whorty]

The RSI (Reverse Scooter Indicator) nailed it again.

https://forums.contractoruk.com/gene...ml#post2867823

Scooty is so good at being so wrong. It's quite a skill he has there.

[DealorNoDeal]

to tackle global warming, major step should be taken by the UN, by banning bitcoin. They are consuming 130 terawatts of energy

Which is 0.5% of total worldwide electricity consumption. (And nearly half of UK consumption)

Over the past 5 years, bitcoin's consumption has approximately doubled every year. If that trend were to continue:

2021: 0.5%
2022: 1%
2023: 2%
2024: 4%
2025: 8%
2026: 16%
2027: 32%
2028: 64%

At some point, something has to change or give (or break!).