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copn commented on Firewood, Coal, Uranium – Bitcoin: The Next Step in Energy Transport   blog.siemens.com/2025/01/... · Posted by u/rettichschnidi
copn · a year ago
More madness here.

https://blog.siemens.com/2025/01/bitcoin-is-energy-2/

Money isn't energy and bitcoin isn't even money!

Deleted Comment

copn commented on Policy Proposal for Trump's Bitcoin Stockpile Leaks   gizmodo.com/policy-propos... · Posted by u/pseudolus
bediger4000 · a year ago
Ordinarily, one stockpiles materials that have a long lead time to procure, for whatever reason, so that in an emergency, the stockpile buffers any shortages. What properties of Bitcoin fit the need to stockpile?

This is a scam, pure and simple.

copn · a year ago
You have to hand it to the bitcoiners - it really is some scam. It started out at <$0.01/BTC, and just keeps growing. 16 years later, it's at >$100,000.00/BTC and showing no sign of slowing down. How they manage to trick more and more people over time like this is something else - now even the US president is falling for it. It's like some kind of stupidity virus sweeping the earth.
copn commented on IMF 1 – El Bitcoin 0   ft.com/content/1fb36fa6-e... · Posted by u/belter
copn · a year ago
El Salvador probably think they're one step ahead by using the IMF loan to buy more bitcoin - unfortunately the IMF can lead the horse away from poison, but they can't stop it finding it some other way.
copn commented on BlackRock: No guarantee that Bitcoin supply cap will not be changed   forbes.com/sites/digital-... · Posted by u/walterbell
copn · a year ago
They're absolutely right. All it takes is for the code to be changed and node-runners to update their nodes with the new limit. It could literally be done overnight. They could even add an air-drop feature to fairly and evenly distribute the extra bitcoin to everyone around the world who doesn't already have some bitcoin so that everyone has the same amount.
copn commented on "It's the denominator, stupid" (Groking Bitcoin's inexorable rise)   bombthrower.com/its-the-d... · Posted by u/StuntPope
copn · a year ago
Another bitcoin maximalist who thinks he's discovered some amazing new invention that will make him rich and change the world.

Yes it will change the world:

- thousands of people losing all their money every time it crashes every few months.

- it will use up the energy that we need to live our day-to-day lives - in fact it uses as much energy as a country. Everyone knows that using energy is something we should avoid as much as possible, especially for things with no intrinsic value.

- governments and banks will no longer be able to regulate the currency supply in order to meet our carefully planned goals

As for the fixed 21M denominator, even student economists know that you have to be able to increase the money supply or else there's not enough money to go round as prices go up. These people really need to speak to a registered and accredited financial adviser urgently - I worry for them.

c

u/copn

KarmaCake day2December 22, 2024View Original