Elon Musk / Tesla making financial moves in Bitcoin before The Great Awakening
(media.greatawakening.win)
BREAKING NEWS
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Where does this confidence come from? Honestly, I’m very interested. I can see upsides and downsides to it, but a healthy discussion would be useful.
People think BTC is private, scarce, and clever. It's public, the amount mined can change whenever "consensus" says it can, and it's no more clever than PGP + a ledger, replicated. It's backed by ignorance, it's USPs are not really USPs in a ground breaking way and something like gold backed dollars that can be insta-sent via XRP would be better.
BTC mining takes a colossal amount of energy, there's whole industries behind making things that can mine it better to consume more energy for the pretense of a digital equivalent of gold, the whole thing is so stupid you have to be an upper midwit to buy into it, I say this as someone who used BTC frequently.
But that is the beauty of Bitcoin. "Consensus" is very transparent, unlike a Central Banking System which can print money without telling people.
Actually, you have it backwards. Those industries are devoted to REDUCING the energy expenditure. No miner buys equipment that increases his operating costs.
You can use BTC frequently and still have misconceptions about it.
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A great many miners mine at a loss now for expected gains later, the fact you'd say something like that shows you know nothing about it. Do you know how much the electricity would cost you where you live to, on average, mine one bitcoin at present? I'll wait.
Imagine using that energy for desalination of seawater in drought stricken areas of the world or something. Instead, people are furiously burning gas or whatever in order to swap out useless fiat money for bitcoin for no utilitarian reason above it being worth more useless paper money later instead. It's depressing as all fuck, truly. "Great awakening" right?
With the US Dollar having a 2549% inflation rate over the last 100 years, Bitcoin looks a lot safer.
https://www.calculator.net/inflation-calculator.html?cstartingamount1=1&cinyear1=1914&coutyear1=2021&calctype=1&x=95&y=12
You will be able to buy a Tesla with Bitcoin. Not more useless.
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
That they're going to get rich? It's sort of tautological. People who believe in btc believe it will gain value, ergo people who believe in btc buy btc and think they're going to get rich.
I'm not sure btc is from China or a globalist plot, but it's obvious that its purpose is to weaken fiat currencies, of which the USD is the most prominent.
The fact that the interest is purely speculative is just another piece of the puzzle.
The USD has lost 98% of its value since the start of the current Central Banking System.
Tell me USD is better than Bitcoin again.