I'm confused at what you're arguing. No one in here is an expert but I'd listen to guys like 1500 or southside when folks come in here "asking questions" or seeking knowledge on a subject. HTH
I'm not saying anyone is an expert, but your post about 1500's knowledge sure made it sound like you view him as an expert on BTC. HTH
Not an expert. Know enough to be dangerous on the internet and with friends/family after consuming 20-30 hours per week of article and podcast content for nearly 4 years.
When I say "no one in here is an expert" go ahead and assume thats what I mean, if I thought he was an expert I would type that out. He consistently gives the best info on all topics btc in the thread. If you are into crypto and reading this thread you should listen or read what he puts out there when you come in and ask questions. My response was more of a shot at thinking someone who has spent the last 5 years stacking hasn't once considered the downside. It's fucking asinine and low iq.
Frankly, I don't get what everyone is up in arms about. This looks just a few degrees away from being mostly healthy and necessary conversation to me. I don't believe anyone in this thread is really that far off from each other. My quick two point zoomed out view: 1. The space is collectively acknowledging the negative climate impact and innovating to solve it at a fast pace. Unfortunately, mania has pushed the scaling problems way out in front of the solutions. Devs cannot move as quickly as speculators, but they were already working on these problems before the volume got cranked up. Working on solving the problems before the public cared is meaningful. I mean these people were literally working on this stuff as most of the world thought the entire space was doomed to go to zero. 2. In general, devs are climate conscious "change the world" for the better using technology idealists. Governance of the future is not purely in the hands of greedy capital. This is a good check, and you see it play out at tech companies all of the time. This is very different from other spaces that literally run massive anti-science misinformation campaigns to cover up them being pieces of shit. I could go on about this for hours, but I have to hop into a meeting -- which also made this post rushed and probably poorly executed. Genuinely happy to engage on any side of this debate. Not dug in at all. It's interesting and complicated stuff
talked to a guy earlier this week and apparnetly he knows some dudes in west texas who are using the gas flare from their oil rigs to mine btc
This is happening a lot. Great American Mining is a company working with the oil and gas industry to capture wasted/flared gas to mine btc. Edit to add that they are far from the only company doing this too.
There's a post in the last page about Great American Mining for those interested in research and not debating https://gam.ai/blog/bitcoin-a-way-to-make-the-oil-and-gas-industry-more-resilient.html
GAM has some links on their website to articles/podcasts about what they're doing: https://gam.ai/blog/index.html article: https://gam.ai/blog/bitcoin-a-way-to-make-the-oil-and-gas-industry-more-resilient.html podcast: https://overcast.fm/+IjGBjI0kM
I'd have to do some digging on the statistics but I'd venture a guess that mining outside of china is skewed a lot higher than 40/60 renewable to non.
Jason A Williams, who wrote The Hard Money You Can't Fuck With book, also is using some alternative energy.
Hey dude - I’ve read them, they’re not convincing and not sure Nic Carter debunked really anything. “Maybe” it spurs green innovation. “What about other industries?” “Mining competition drives power consumption, not transaction volume” (who gives a shit) Ive read the shitty articles, very little substance. Electrical consumption is an issue, it just won’t stop me
Read the last page. It's not "maybe" it spurs green energy, it's already happening. Don't listen to a BTC simp like me but you might want to listen to the O&G guys that gallant was referring too.
crypto people all trying to figure out the next big thing, then all the new money enters and buys up whatever has the most recognizable name
Like if you read Carter’s NYT response today and thought “this is shitty with no substance,” I can’t help you. Good on you for reading it though. Can lead a horse to water and such.
Brother in law is a huge Elon fanboy that dropped stupid amounts of money into Doge back when Elon first tweeted about it. He bought in at like $.08+ and I tried to explain to him that the coin was worthless and sure enough it dropped immediately. I'm going to have to avoid him while its on this run, his ego/Elon worship will be out of control. The only thing saving me is that he will never sell and holding a big bag of nothing when the run is over.
Texas AM bitcoin conference starts tomorrow and has a pretty solid speaker lineup: Dalio, Saylor, Tim Draper, Bill Miller, chairman of global markets from Goldman, etc.
Doge coin has a $23B market cap. XRP's market cap currently rivals coinbase. You might be right, but there are plenty of signs that altseason is already here.