BQQM! Don't look now but Bitcoin is crashing hard and then this......

[–] • 2 pts

He just pointed to the single biggest issue with bitcoin!

Each transaction uses the equivalent of seventy gallons of gas in energy!!!!

So if fuel prices go up bitcoin goes down.

You see the penny dropping for everyone on this inherent flaw any time soon.

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[–] [deleted] • 1 pt

Oh fuck! Ether is down so hard its at the same price it was on.....may 8th.

LMFAO lolllllllll

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[–] • 1 pt

I think that tulip bulbs are about to make a big come back.

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[–] [deleted] • 1 pt

+443% on the year. Lmfao are you guys serious? Crashing hard? Do any of you have any idea whats going on? These posts are embarassing.

Who gives one fuck about btc and who accepts it? It's a commodity and anyone serious about crypto knows this. ETH, Binance smart chain, internet computer. These are the beginnings of defi. Were in baby stages.

Lmao

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[–] • 0 pt

It's funny to me that they don't realize the powers that be are trying really hard to kill cryptos...people who don't trust media on anything else are suddenly believing them when it comes to "crashing bitcoin." Absurd really.

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[–] [deleted] • 1 pt

They have zero idea about anything they're talking about. They're salty as fuck their traditional stocks are garbage and ive made more in a year than they've made in 30.

They got fucked by kike financial advisors and shit msnbc advice and think barely beating inflation by half a percent is a great investment. Laughable.

And then we can get into your point about them literally being salty about decentralized finance options. They support the fucking federal reserve over crypto, and have no idea why. The level of brainwashing is insane in this country.

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[–] • 0 pt

Amen...keep on hodling...

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[–] • 1 pt

When the power goes out or the internet goes down, how will you get to your bitcoins. And when the arrests start for tax evasion because they didn't claim their bitcoin (all cryptos) holding, the tax collector will get very rich and bitcoin holder very poor in jail. And then there is this: Bitcoin mining is extremely energy intensive. A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the Cambridge Bitcoin Electricity Consumption Index.

The Oak Ridge Institute in Ohio found that a dollar’s worth of bitcoin took 17 megajoules of energy, that’s more than double the amount of energy it took to mine a dollar’s worth of copper, gold and platinum.

That poses serious ethical questions for corporations and governments looking to curb their own carbon footprints. Currently 60% of coins mined in Bitcoin come from China where they don't care about the environment or about sustainability, and they certainly have issues around human rights.