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1.2K

Or maybe Iceland.

Or maybe Iceland.

(post is archived)

[–] • 0 pt

I wonder how btc holders in texas are doing... Power surges can wipe hard drives.

You know what needs no energy at all to be a commodity, physical metals.

You know what currently needs more power than small european countries just to keep the lights on? Btc.

Green energy will triple energy prices over the next decade.... Hmm.....

[–] • 2 pts

I'm in Texas. Btc is doing just fine. No idea why you'd think a power outage would affect a record on a global ledger. It's just retarded at this point.

[–] • 1 pt

They are just fine. Nobody lost their bitcoin due to a power outage.

It takes a lot more energy to sell your metal than it takes someone to send bitcoin to the other side of the world.

[–] • 0 pt (edited )

Most people are holding their bitcoin in exchanges. If you're holding it yourself you'd be a fool to keep it somewhere other than a hardware wallet (not plugged in), a USB stick, paper wallet, a brain wallet (memorized pass phrase decodeable to your private keys), or a combination thereof.

Also, the price of electricity doesn't effect the price of bitcoin.

[–] • 0 pt

How does it not? The two main inputs are hardware and power.

[–] • 0 pt

The algorithm self adjusts.

The speed at which the next batch (which is called the reward) of bitcoins are mined are based on the amount of computing power that is (globally) thrown at it. The difficulty rate is chosen automatically by the bitcoin algorithm adjusts based on the average of how long it took over the last 2 weeks to mine. If there was a spike in electricity costs, people would mine less and the bitcoin rewards would have come slower, so the difficulty is automatically dialed down, and vice versa.

[–] [deleted] • 0 pt

I guess it was around 2014, I was over at a buddies house and we were looking at his old video cards. He told me to be quiet because buddy in the next room was pissed off that we 'missed the boat' for crypto.

Long story short we went on to mine a few thousand worth of different coins in the next year. We kept a lot of our coins in exchanges because it was taking something like a day and a half to transfer some of these coins over to trade, and trading to make money on those fucking things was an hourly thing. By the time we got our coins over, paid transaction fees etc it wasn't even worth it to trade anymore.

Longer story short, we had something like 90% of our coins in exchanges that went bankrupt. There's no fuckin way I'm giving out my personal details to some shady niggers like that to hopefully get 1% of my coins back. So, whatever. Keep the coins, faggots. It was a fun experiment, but I'd never spend money on it again.

[–] • 0 pt

Cold storage bro. Don't keep your shit on someone else's wallet.

[–] [deleted] • 1 pt

Did you miss the part where we were trading? We were mining coins that had a ridiculous mining rate and acceptable value compared to other coins. If we didn't trade shitcoins THAT DAY the surge was over and the value was gone. I wasn't in it to mine and hold shitcoins.

[–] • 0 pt

So you mined shit coins and traded for bitcoins? Why did you leave your bitcoins in the exchange.

Btw the exchanges today are way different than whatever shit you used back in the day.

Keep your fiat.

[–] • 0 pt

It was a joke

[–] • 0 pt

i've been syncing my old dogecoin wallet for OVER 10 days now... this is fun

[–] • -1 pt

the great thing about that cartoon is that it clearly shows the dark side of crypto. because you actually CAn hire mercenaries with crypto. so...

anyone investing in crypto is aiding Evil

get your shit together. you are hunting artificial wealth like a jEw trying to pick up a penny thats bolted to the floor.

Pathetic

We will win through war, not just cause we had enough money to buy the coolest new car... or whatever...

[–] • 2 pts (edited )

anyone investing in crypto is aiding Evil

this above is a dumb niggerfaggot's take on crypto.

nothing is more transacted in by pedophiles than the us dollar, and unlike crypto, the us dollar is digitally infused (doesn't even need to be printed) at will by a group of nefarious pedophiles.

let's see which one i trust more.

[–] • -1 pt

yeah of course fractional reserve banking has to go, obviously. yet whatever the individual does with their money changes little to nothing about the inherent jEwish evil behind that scheme.

It is totally different with bitcoin. here literally every Penny currently held in bitcoin is in the hands of evil people. If you invest into bitcoin, then you basically give a loan to the mafia, who then repay you with interest once you cache in on botcoin, yet the everrising value of bitcoin also means that theres a rising amount of money invested into bitcoin. The more people invest and hold, the more money the mafia/jEws/ Northkoreans can funnel into activities which are too dangerous and risky to try to attempt using dollars.

Evil is evolving, gets harder to catch, and all this greatly helped by greedy Faggotts like you.

Rot in Hell

[–] • 0 pt

go douse yourself with gasoline and spark a match you stupid fucking cunt.

[–] • -2 pt

Crypto = Ponzi

[–] • 2 pts

USD = Jew money ponzi.

[–] • 2 pts

Yes. So much criticism for crypto on here. USD is a magical made up thing, not backed by anything but somehow it’s a more trustworthy wealth storage than BTC? These people are uneducated, subverted niggers.