Community Stories

Are members invested in Bitcoin/crypto?

Walrus
Posts
9,886
Likes
47,155
Tony C. Tony C.
Much of this is over my head, but it does appear to be an interesting thread from a Bitcoin skeptic...

https://twitter.com/x/status/1850460451823309047
Ah Tony C I was thinking about you with golds 35% rise this year. I was lookin for this thread I thought it got wiped. And yeah you can still find plenty of Bitcoin failure people I think they been writing the same stuff since it was 5 bucks.

The reason I was looking for the thread is to review the Bitcoin power usage stats. Seems like that mode of FUD slowed I think. But I been reading about msft buying the three mile island reactor (I think they dropped 1.6 billion) and google entering deals for nuclear power both in the name of AI and powering data centers. How damn power intensive will this AI be?

Anyway still hangin in with the blue chip cryptos. My coworker is big time into a lot of the AI cryptos. I can’t follow him as he will tell me this coin has a “agreement” with google but can’t tell me what it is. It’s seems like adoption and awareness has increased more than I thought but Bitcoin is not the “people’s currency” as I had hoped in the early days.
 
Dsloan
Posts
3,208
Likes
21,095
Walrus Walrus
entering deals for nuclear power both in the name of AI and powering data centers. How damn power intensive will this AI be?

Thread drift but AI is massively power intensive. I think I read that googles greenhouse emissions are up 50% in the last 5 years. And google's approach is a head scratcher. Regular search results need very little power and drive you to visit websites, helping drive revenue for Google.

AI google summaries are more expensive to run and also reduce the chance you will visit someone's website for more info, which doesn't help Google's bottom line. I'm not sure what the plan is here other than to just look like they're doing something in the AI space.
 
Walrus
Posts
9,886
Likes
47,155
asloper6001 asloper6001
What does everyone think of SOL?
I was buying sol when it was 5-10 bucks. Had I known I would have got a lot more it’s one of those what ifs to me.
 
TheGreatKat
Posts
196
Likes
186
Walrus Walrus
Ah Tony C I was thinking about you with golds 35% rise this year. I was lookin for this thread I thought it got wiped. And yeah you can still find plenty of Bitcoin failure people I think they been writing the same stuff since it was 5 bucks.

The reason I was looking for the thread is to review the Bitcoin power usage stats. Seems like that mode of FUD slowed I think. But I been reading about msft buying the three mile island reactor (I think they dropped 1.6 billion) and google entering deals for nuclear power both in the name of AI and powering data centers. How damn power intensive will this AI be?

Anyway still hangin in with the blue chip cryptos. My coworker is big time into a lot of the AI cryptos. I can’t follow him as he will tell me this coin has a “agreement” with google but can’t tell me what it is. It’s seems like adoption and awareness has increased more than I thought but Bitcoin is not the “people’s currency” as I had hoped in the early days.
Even with 35% rise for gold Bitcoin almost double it with this year profit. Of course two very different things. I don't belive Bitcoin could be gold of the present. Also wonder how much longer could be the gold run. We still waiting for few interest drops by fed and that could help to continue the run. But we already know it so it could be counted in prices.
 
Walrus
Posts
9,886
Likes
47,155
TheGreatKat TheGreatKat
Even with 35% rise for gold Bitcoin almost double it with this year profit. Of course two very different things. I don't belive Bitcoin could be gold of the present. Also wonder how much longer could be the gold run. We still waiting for few interest drops by fed and that could help to continue the run. But we already know it so it could be counted in prices.
Bitcoin is the best performing assets in human history. It doesn’t mean gold or other commodities/asserts are bad. Gold had a hec of a run lately gotta give credit where credit is due.
 
Pastorbottle
Posts
2,226
Likes
3,808
It all sounds like it will end up with tears to me, alway sdid
Walrus Walrus
Bitcoin is the best performing assets in human history. It doesn’t mean gold or other commodities/asserts are bad. Gold had a hec of a run lately gotta give credit where credit is due.
Well it's good until it isn't, there was a time when tulips were the best investment!
 
Trev
Posts
2,136
Likes
2,437
Tony C. Tony C.
Much of this is over my head, but it does appear to be an interesting thread from a Bitcoin skeptic...

https://twitter.com/x/status/1850460451823309047
He's certainly not wrong about the technical side. Bitcoin is a massive waste of electricity and computational resources compared to some other crypto, but that doesn't mean people won't keep buying it. The market doesn't seem to care.
 
Trev
Posts
2,136
Likes
2,437
Interesting movements in the crypto space since the election. Wonder how far this will go. 🤔
 
Walrus
Posts
9,886
Likes
47,155
Pastorbottle Pastorbottle
It all sounds like it will end up with tears to me, alway sdid

Well it's good until it isn't, there was a time when tulips were the best
I already compared the tulip timeline as I kept hearing comments like this I don’t think you know how brief the tulip craze was
 
Walrus
Posts
9,886
Likes
47,155
Trev Trev
He's certainly not wrong about the technical side. Bitcoin is a massive waste of electricity and computational resources compared to some other crypto, but that doesn't mean people won't keep buying it. The market doesn't seem to care.
Ya no doubt it uses a lot of power. I was just reading up again how many US miners are set up to consume energy that would have been wasted. I was going to post it but it was by a blogger and I’m not smart enough to fact check everything.
When this thread first started around 2% of Americans held bitcoin. That number is now hitting 20% with 63% planning on buying more or getting in. I don’t know world wide numbers but 93 million Americans rely on that power use to secure a very big market cap. 1.74 trillion I believe.

I was originally a big believer in the “people’s currency” in that way Bitcoin has failed, TPS are much to slow and the big banks now have their hands all over it. It was a cool concept early on. It was a joke when I first got in, no one wanted to touch it at 100-1,000 now people going crazy buying when it hit 93k today.

Now western countries talking about a Bitcoin national reserve. Whether it will happen who knows. I’m kinda done. I locked it up so tight I have to make three different email approvals. Telephone verification then get a offline paper locked away I just pretend I don’t have it. I may just leave it for my son. I made the mistake of buying a railmaster with it I hate to think what that cost me now. Perhaps it will go to zero. Perhaps it will go to a million. Perhaps it will move sideways for a hundred years.

I’ll be in the conga line until things are figured out although I now have a little to trade after someone payed me back in Bitcoin. It has been a kinda fun ride.
 
Sign up or log in to reply...