This ugly motherfucker says Bitcoin is going to $0

Netscape is still around

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everyone who makes that retarded "imagine how much energy it WOULD require" misses the point completely.
99% of all human production is UNNECESSARY. that goes for your luxury car, your 2nd house, your designer clothes, your chinese crap toy that you enjoy for 2 seconds before throwing it away and your 20th pair of shoes.
in this debt-money (!!!) society, the elite needs and wants perpetual growth more than anything - in order to not have their system collapse.
so what is the next logical step after the worlds population has been saturated with endless luxury? a mathematically controllable, ethereal source of ENDLESS ENERGY REQUIREMENT that keeps everything in motion.
not only is PoW's energy requirement not an argument against, its an argument FOR its continued existence. the elite want DEMAND and it doesn't matter if it makes "sense".
a random niggers wish for a pair of jordans or a 15-year-old white girl buying her 10th iphone this decade make as little "sense" as 0's and 1's demanding endless energy and time.

y'all fucking retarded bros.

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What do you use? Where you use it? And why?

I hope the global warming meme is true so these shitskins can be purged.

These rich faggots have never even used a "digital" currency and they never will.

based and BTCpilled

i said PoW, not BTC. BTC is a shitcoin

That's like saying Infiniminer is still around.

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“the rotary phone of crypto” also suffices.

That guys autistic, but hes right

That's a part of what we do on this planet. It takes energy to move around this bitch. Somebody has to go to work and keep the cogs in sync. What's your solution for solving wasted energy? We are wasteful species and that won't ever change until we disappear completely. A.I. can't solve that yet and may never solve our unnecessary waste of energy. Energy exerted for a specific purpose is okay.

Maybe not go to zero, but it's dominance will continue to wither to nothing.

>Energy exerted for a specific purpose is okay.
that purpose is there - it is the elites aquiring more and more of the earths wealth, like a star catching dust in its gravitational field and growing bigger and bigger.
at some point they will be so advanced through withholding certain leaps from the general population that they will basically be a species on their own. what exactly happens then is the interesting question.
part of growing up is realizing that evolution is going on faster and more extreme as ever before, and that you are part of the 99.999999% that won't make the cut in the end.

>energy consumption doesn’t matter so long as one can market a product to people who will buy it
>market a product
>market
you’re absolutely right, there doesn’t have to be a legitimate reason for people to adopt/consume an alternative to bitcoin. They’ll just do it anyway, whether you happen to think it’s retarded (because reasons) or not.

Funny how markets work like that. Good on you for pointing it out.

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still not talking about bitcoin the shitcoin.
and saying people can always choose an alternative is absolutely comical.
look at the normies around you and tell me those are the kinds of people to stand up against the order? if the "official" route is that digital cash X is now the currency of choice, everyone will obediently run with it, and you know that.
when bankers hear that a PoW system has evergrowing demand, their reaction is not "oh my god, how will we battle the emissions?" - they cream their fucking pants because all they hear is "unlimited debt required for more energy, network, technology". the only demand that has ever mattered in any market is the demand of the bank at the top, and a PoW system is their dream come true, because it is simply an abstract, mathematically controllable version of material demand.

i think you managed to miss the point that this retard can't even do basic math.

No because by then mining rigs will have become far more efficient

And it only produces 7 transactions per second too. hahahah jesus christ

i didn't watch the video, i'm not into cringe. the basic argument i am making is simply that ethereal, nonsensical demand is exactly what banks want, and therefore PoW is the next logical evolution in financial products after all material markets of the world have been saturated.
the only way forward for perpetual growth is VIRTUAL demand (nonsensical 0's and 1's), and so it will simply happen.

What dominance? BTC dominance has only been growing from 2018.

your reductions are strange and make no sense. We use computers to reduce human effort. Not because we ran out of material supply to meet a non specific magical pool of demand for 'things'. computing has material costs too. namely minerals plus rice for the IT guys. You should read the austrians.

you don't get it and i'm honestly tired of educating others.
that "magical pool of demand for things" literally exists and its called debt money, aka the entire fucking ponzy scheme economy. since everything in the system can be seen as a function of how much new debt it creates, it doesn't matter to (central) banks how much sense anything makes or if there is a purpose or incentive like "reducing human effort". such things (figuring out how to improve things) is up to the work slaves and their debt-seeking companies on the wrong end of the financial side.
the system is like a cooking pot with a certain applied heat (interest rate), and you're desperately trying to educate me on how things inside only happen because we change things there (adding salt for lower boiling point, closing the lid for more pressure etc.), when the only sensible thing to do IS TO REDUCE THE SYSTEM TO THE ONE VARIABLE THAT MAKES IT "HOT" - the debt.
PoW is an artificial, virtual debt creation machine, and if it was made mandatory or necessary somehow, it would create constant need for new investments (new debt) - and so it will happen.
even game-theoretical approaches like what is most effective for the players in the market are completely moot when there is a greater game being played around the system as a whole. you don't seem to grasp that.

I love bitcoin but Jesus 20% of emission is a lot. I’d rather give up bitcoin than transportation

>let's use blockchain for trust, but let's get rid of the most trusted chain and just start up a new one for everyone to use.
I dont ever get this argument. Trust takes time. You cant just restart every couple of years.