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  1. #5451
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    Dec 2004
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    Where the sheets have no stains
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    Bull/Bear or just an interested observer? Whatever dude.

    PumpNdumps usually behave like this.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

  2. #5452
    Join Date
    Dec 2008
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    Quote Originally Posted by Bunion 2020 View Post
    Bull/Bear or just an interested observer? Whatever dude.

    PumpNdumps usually behave like this.
    Zoom out bro and it's just a pump.

    Sent from my Pixel 4 XL using Tapatalk

  3. #5453
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    Supply-chain bottlenecks have driven inflation to higher levels than many economists expected, and those readings have raised ďthe possibility that inflation could turn out to be higher and more persistent than we expect,Ē said Fed Chairman Jerome Powell

    Gosh, I feel better now. The inflation probably has nothing to do with the ruling class printing trillions of dollars out of thin air so they could pump stonks.

    https://twitter.com/NorthmanTrader/s...419632138?s=19

    Sent from my Pixel 4 XL using Tapatalk

  4. #5454
    Join Date
    Nov 2008
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    Edge of the Great Basin
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    As a bull market speculative asset, Bitcoin has profited mightily from the Fed too.

    Meanwhile, the rise in fossil fuel reliant Canadian, Kazakhstani, and Iranian mining since China restricted miners means Bitcoin is even dirtier than before. In the midst of an increasingly evident environmental crisis it seems likely at some point crypto will have to move away from Bitcoin and its dirty Proof-of-Work algorithm towards more efficient alternatives.

  5. #5455
    Join Date
    Nov 2002
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    Cloud City
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    Quote Originally Posted by MultiVerse View Post
    As a bull market speculative asset, Bitcoin has profited mightily from the Fed too.

    Meanwhile, the rise in fossil fuel reliant Canadian, Kazakhstani, and Iranian mining since China restricted miners means Bitcoin is even dirtier than before. In the midst of an increasingly evident environmental crisis it seems likely at some point crypto will have to move away from Bitcoin and its dirty Proof-of-Work algorithm towards more efficient alternatives.
    While you're at it, please move us away from "dirty" electric cars and gaming and faang servers and banking data centers. Oh and while you're at it, please tell E Warren to fly commercial, private planes and rockets for trillionaire space tourism are ludicrouse wastes. Hey if we can just put a stop to transportation altogether and put a stop to air conditioners, what a ridiculous waste those are...the list of waste goes on and on and on. But I suggest looking at the 1% first, their waste can cut carbon in half easily.

    Also, I just read that shutting down the 5 dirtiest plants on the planet would single handedly set back global warming significantly.

    If you really care, widen your vision. Really.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  6. #5456
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    Nov 2008
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    Quote Originally Posted by shera View Post
    While you're at it, please move us away from "dirty" electric cars and gaming and faang servers and banking data centers.
    Electric cars and data centers have become much more efficient over time whereas bitcoin, by design, has become less efficient.

    The Bitcoin network is now consuming about 140 TWh per year, roughly equivalent to countries like Sweden, Norway, or the Ukraine just to perform less than 8 transaction per second. Each transaction consumes enough energy to power 1 U.S. household for 60 days.

  7. #5457
    Join Date
    Feb 2005
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    15,360
    Quote Originally Posted by MultiVerse View Post
    Electric cars and data centers have become much more efficient over time whereas bitcoin, by design, has become less efficient.

    The Bitcoin network is now consuming about 140 TWh per year, roughly equivalent to countries like Sweden, Norway, or the Ukraine just to perform less than 8 transaction per second. Each transaction consumes enough energy to power 1 U.S. household for 60 days.
    And that is a good thing for security of the network. Let all the other coins go POS, but BTC will never be one of them. Do you think gold is cheap and clean to mine?
    Is it radix panax notoginseng? - splat

  8. #5458
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    Nov 2008
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    Quote Originally Posted by MakersTeleMark View Post
    Do you think gold is cheap and clean to mine?
    No i don't think gold is cheap and clean to mine but it is infinitely more efficient to mine because once it's mined it exists forever, unlike bitcoin which ceases to exists if mining ever stops. Bitcoin mining is also now more carbon intensive than mining real gold.

  9. #5459
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    Feb 2005
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    Quote Originally Posted by MultiVerse View Post
    No i don't think gold is cheap and clean to mine but it is infinitely more efficient to mine because once it's mined it exists forever, unlike bitcoin which ceases to exists if mining ever stops. Bitcoin mining is also now more carbon intensive than mining real gold.
    Hmm. What do you think is going to happen when btc is fully mined? It's just going to cease to exist? Cmon man. Learn some fundamentals. And you are full of shit vs gold.
    Is it radix panax notoginseng? - splat

  10. #5460
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    Nov 2008
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    Fundamentals? Bitcoin security requires paying rewards to miners in two ways: 1) block subsidies and 2) transaction fees. Do you think metaphoric bitcoin mining only refers to block subsidies and not transaction fees too?

    Either way, due to the hard cap the block subsidy will eventually go to zero and nobody really knows what will happen after that. Because fees will have to increase to maintain security. But higher fees lower transaction demand and fewer transactions decreases the hash rate, which decreases security. Bitcoin will no longer be thought of as a store of value if transactions fall because of high fees.

  11. #5461
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    Feb 2005
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    I think I'm out of facepalms.
    Is it radix panax notoginseng? - splat

  12. #5462
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    Dec 2005
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    6,683
    Quote Originally Posted by MakersTeleMark View Post
    I think I'm out of facepalms.
    Canít you just mine some more?

  13. #5463
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    Quote Originally Posted by bennymac View Post
    Canít you just mine some more?
    There are only 21 million.

    Sent from my Pixel 4 XL using Tapatalk

  14. #5464
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    Feb 2005
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    Quote Originally Posted by bennymac View Post
    Canít you just mine some more?
    That would use too much face oil.
    Is it radix panax notoginseng? - splat

  15. #5465
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    Nov 2008
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    Quote Originally Posted by MakersTeleMark View Post
    I think I'm out of facepalms.
    Let's play the "What's wrong with the claim about block subsidies and transaction fees" game! I'll go first: nothing.

  16. #5466
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    Feb 2005
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    15,360
    Step aside old man. You don't have enough limbs to donate.
    Is it radix panax notoginseng? - splat

  17. #5467
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    BTC pushing, ETH looking strong too

    Sent from my Pixel 4 XL using Tapatalk

  18. #5468
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    Apr 2006
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    2,383
    here is a succinct explanation


  19. #5469
    Join Date
    Apr 2008
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    Treading Water
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    5,507
    Is it rebound time? I miss the days of early to mid Ď21 when I would check my Coinbase account 25x a day and banter with my coworkers about how smart and rich we were.


    Sent from my iPhone using TGR Forums
    Lots of Cream, Lots of Sugar

  20. #5470
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    Dec 2008
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    Gold down, corn up

    Sent from my Pixel 4 XL using Tapatalk

  21. #5471
    Join Date
    Feb 2008
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    CO
    Posts
    559
    Anyone here running a node? Despite not being much of a tech-bro i managed to somehow get a raspberry pi umbrel working a week ago. Easy enough but i'm really struggling with the headfuck of lightning channel balancing/management.

    And Umbrel's update yesterday essentially gives you the option to run the thing as a personal server OS. Which for me is equal parts exciting/intimidating.

  22. #5472
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    Feb 2005
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    Is it radix panax notoginseng? - splat

  23. #5473
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    Looks like meat's back on the menu boys.



    Sent from my Pixel 4 XL using Tapatalk

  24. #5474
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    Nov 2002
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    Cloud City
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    Steak for all!

    I've been selling a little bit of bitcoin. But I am really thrilled that I had a sell order fill on my COIN stock. That means I am FINALLY at breakeven and starting to balance my position a bit. Very pleased.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  25. #5475
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    Quote Originally Posted by shera View Post
    Steak for all!

    I've been selling a little bit of bitcoin. But I am really thrilled that I had a sell order fill on my COIN stock. That means I am FINALLY at breakeven and starting to balance my position a bit. Very pleased.
    Hope you got that BTC for cheap. I aped back in between about 36-41k for around 1/2 of what I sold in April.

    All my WSB type friends are sad they got rekt on $COIN and didn't by $HOOD because of it.

    Sent from my Pixel 4 XL using Tapatalk

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