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SwampNut

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Or a faster forklift.
 

PointHope

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Crypot has some great and fascinating uses, but bitcoin specifically lost that chance ages ago. It just uses too much power to transact now and has no real path to changing that.

-Crissa
Most of the Bitcoin mining happens closer to the power sources, using excess/wasted energy.
Observe El Salvador as energy usage strategies evolve.
In Texas much of the currently wasted natural gas is now being converted to electricity for miners.
Many people heat their homes using miners.
The technology is evolving rapidly.
Bitcoin also replaces a monetary system whose foundations are waste, fraud, war, deceit.
Bitcoin is a P2P economic system available to everyone, not just a select group of rich money grubbing criminals financing endless wars.
It allows banking for roughly 6 billion people who otherwise cannot afford or are banned from the central banking cartels.
If you choose to remain in Paul Krugman 'fax machine' economic fantasyland so be it.
But heads up to the 300+ trillion USD global debt bubble which currently bursting.
Much of what we are seeing during the current bio terrorism attacks around the world is largely a CYA operation of the globalist bankster cartels.
Bitcoin represents perhaps the most accessible and energy efficient global currency ever to exist; 'the internet of money'.
The misinformation spread by the bankster cartel owned media is jaw dropping.
 

Crissa

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It doesn't matter if a miner ethically sourced their coins - then we have the transaction cost.

And the peer network ends up acting no different than a central authority when dealing with point of sale.

Like I said, crypto and blockchain has many uses, just bitcoin (and most of the crypto coins) is a wasteful pyramid.

There's a reason none of them are focus on the point of sale experience but focus upon the pump and dump or mining aspects instead.

-Crissa
 


PointHope

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It doesn't matter if a miner ethically sourced their coins - then we have the transaction cost.



-Crissa
If you are using otherwise wasted energy, it does matter.

Have you checked your bank fee statement lately?
Many many people if poor countries cannot have banks accounts because of the extortionist bankster fees.

I moved about $9000.00, .15 BTC yesterday on the main chain, fee, 585 Satoshi.
A cup of coffee costs about 5000 Satoshi.
When you use the developing Lightning network layer the fees are nearly zero.

Also you might consider the military costs of enforcing the USD central bankster authority, if you wanna discuss wasted energy.
 
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PointHope

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Yes, still $0.
Minimum balance?

Most people without minimum balances have fees.

Also consider the continual erosion of dollar value... (about 98% since 1913)

Ya buy any petrol, lumber or potatoes lately?
 

SwampNut

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Minimum balance?
Beats me, but I assume so. If you can afford a CT you can afford to keep some money saved.

Gas is about the same price as it was months ago, though admittedly I very rarely buy any. $3.10 in April, $3.08 in September, $3.20 just glancing at a pump recently while laughing in my Tesla.

I've never seen what a potato costs. What could it be, $10?
 


PointHope

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Beats me, but I assume so. If you can afford a CT you can afford to keep some money saved.

Gas is about the same price as it was months ago, though admittedly I very rarely buy any. $3.10 in April, $3.08 in September, $3.20 just glancing at a pump recently while laughing in my Tesla.

I've never seen what a potato costs. What could it be, $10?


Missing the point,
Bitcoin is all about giving poor folks banking power.

BTW, potato price has risen 10X in one year.
Petrol here in Thailand, up 25% in 30 days.
 

Ogre

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Missing the point,
Bitcoin is all about giving poor folks banking power.

BTW, potato price has risen 10X in one year.
Petrol here in Thailand, up 25% in 30 days.
To date, Bitcoin has mostly been about enabling criminal activity and being a weird self-propagating pyramid scheme.

If it gives poor people banking power, it is more a side show to what the vast majority of bitcoin activity is.

Often free transactions get delayed and ignored in favor of transactions people pay to push through. There is nothing in the protocol that requires any of the players execute transactions for free.
 

SwampNut

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To date, Bitcoin has mostly been about enabling criminal activity and being a weird self-propagating pyramid scheme.
Sheep! I'm buying potatoes with it right now. Perfectly legal potatoes.
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