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Watch the Water may have many meanings, suspect this is one to watch. The end of Bitcoin ?

Watch the Water may have many meanings, suspect this is one to watch. The end of Bitcoin ?

(post is archived)

[–] • 2 pts

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.

[–] • 3 pts

Patriot, Outstanding points, and why I suspect Bitcoin is coming to a end. I have not dealt in it or will, and also not a Financial adviser. Just wanting those that do to consider this and make their own decision.

[–] • 2 pts

It's interesting to see that as energy prices have just spiked the price of bitcoin crashed 12% yesterday!

They are inversely correlated!!!

A big jump in energy price could destroy bitcoin. By design imho.

[–] • 1 pt

Patriot, I noticed like Elon Musk, European Central Banks are making distance also, I posed a thread on that. We will see.

[–] • 0 pt

Some say that this is the true value of Bitcoin - nobody can create something similar because it would be too expensive to use the proof-of-work approach of Bitcoin to create a direct competition. All what the competition and state actors can do is to move to a proof-of-stake approach - which may require 99% less energy. This could mean that, while all the other cryptocurrencies will be used to move money, Bitcoin will be used to store money.

[–] • 0 pt

When Ethereum moves to a proof-of-stake model it will outpace Bitcoin

[–] • 1 pt

Aug 4 2020 <<<<<<<<<

[–] • 0 pt

Patriot are you referring to Hobama ?

[–] • 1 pt

I'm referring to the publication date of the article. To me, at least, this is old news. The damn collapse may have been imminent last year, but didn't, in fact, happen.

[–] • 1 pt

Thank you for clarifying this, but we do have a current Storm System going on in that Region.

[–] • 1 pt

Brother what does the dam have to do with Bitcion? What's a bitcoin miner?

[–] • 0 pt

Brother , here is a link that explains it.

https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

[–] • 1 pt

Thank you brother. It's over my head.

[–] • 0 pt

Brother, I never got into Bitcoin, never trusted it, had a basic idea about mining, but thought better to provide you the link, I did not go any deeper into it.

[–] • 0 pt

Brother the Dam underneath appears to have the Spooks computers. Remember the cyber attacks from China during the election. And we have Wuhan Labs as on Lab # 1 and lab # 2, And this is also the location where Bitcoins are being introduced from China.

[–] • 1 pt

Brother this world is getting more evil with technology not better. Come on Solar flare! One Carrington Event will wipe all electronics in it's path. I pray it hits China or Europe.

[–] • 1 pt

Brother, hearing a secret door for the Spooks under Lake Geneva. All ties in with the Vatican DC and London, Like i am hearing Soros is actually a MI 5 and MI 6 Puppet ?

[–] • 1 pt

Not the end, just another opportunity to buy when it dives, then profit when it comes back.

[–] • 1 pt

Patriot, Elon Musk appears to be making distance from it.

[–] • 1 pt

Funny how the two main players in the nwo china and Israel are doing all they can to slaughter their own people!

Are they all waking up too fast and have become a threat to the cabal?

The three gorges dam was deliberately built as an Achilles heal for china. Something that would destroy the nation and kill potentially millions while destroying farms and airforce bases.

If that dam collapses it will trigger a civil war in china. They will no longer be a threat to the west and will urgently need our help and food.

China is reliant on 500 million tons of food imports already. They have had four banks collapse last week and Xi is hated by all.

China is a paper kitten that is no real threat to us. They are far more dangerous to their own people.

[–] • 1 pt

Patriot, ask the Spooks what they have hidden under the Dam ? Computers ? Think about the Cyber attacks during the election from China.

[–] • 1 pt

Something that would be overlooked compared to the destruction and chaos. You have a good point fren.

Is that where all the gangstalking files are kept? Blackmail?!

[–] • 1 pt

Patriot, that would be my suspicion, as Wuhan reportedly has two labs in that area connected to Soros and Gates also. You know how they love leverage.

[–] • 1 pt

If you believe the Taiwan news, the Chinese dam is breaking since it was build, and it will continue to do so the next 100 years.

[–] • 2 pts

I just happen to know day turned into night from the heavy rains in China a couple of days ago. But you are free to believe what you like.

[–] • 2 pts

Everything that survived the heavy and never ending rainfall June to August 2020 will continue to do so.

[–] • 1 pt

Brother, what's this day turning into night that you heard?

[–] • 1 pt

Brother, the storm that came a couple of days into that region was so dark that it made the day really dark. They have heavy rains now and they fear the Dam may collapse.

[–] [deleted] • 0 pt

Um, No. Not today satan.

[–] • 0 pt

Patriot, we definitely need to keep our eyes on this, ask the Spooks what they have hidden under the Dam ? Computers ?