r/Bitcoin

2021-05-31 22:37:42 I'm so sick of the energy argument

Everywhere I go people put down crypto for its energy consumption. I'm fucking sick of it. Every day people sit at home, run their heat or their a/c. Watch videos of stupid shit. Ride their car around. They do all these things which burn energy. 90% of it is completely for themselves, their survival and most of all their pleasure and comfort. AndI'm fine with that, I do it too. But I hate that all of that is just taken for granted, no questions needed.

Why in the name of sweet fuck is bitcoin the one thing people care about the consumption of? Nobody ever questions the intrinsic value of energy until needs start creating coins? Nobody ever breaks down the energy consumption of their daily life because they would reveal the fact they are wasteful.

We've never heard anyone question how much energy the financial system uses until bitcoin started getting shit on. Ive never heard someone question the consumption of Twitter and whether or not that is a necessary service in this age of climate change. My theory is that the fact that a miner makes money makes people jealous so they paint them as selfish world killers.

Further wtf. There are oil and coal barrons spending their whole selves on keeping this dirty fuel in our society as long as they can. Why the fuck are we fighting with people about which technology should have to be banned when these pieces of shit are still poking holes in the ground. Let's ban them instead of the tools we want to use.

I'm hoping going forward people see the benefit of fully democratized trust and truth and start evaluating energy consumption based on utility and not just megawatts.

https://redd.it/np5he9
@r_bitcoin Open / Comment

2021-05-31 21:37:46 Binance CEO, CZ, shades Elon Musk in tweet. - ''When you use electricity to run cars, it’s environmentally friendly. When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.''
https://coinquora.com/binance-ceo-weighs-in-on-crypto-energy-concerns/

https://redd.it/np8r51
@r_bitcoin Open / Comment

2021-05-31 20:37:41 "India bans Bitcoin!" Uh, NO. "China bans Bitcoin" Uh, NO. "Nigeria bans Bitcoin" Uh, NO. It's an endless shitstorm as moneyed interests close to the dollar spigot finally see Bitcoin for what it is: A direct threat to monetary expansion and Central bank authority. Put your shields up, and prepare.

I am amazed at how quickly the authorities have "awoken" to the Apex Predator in the room. I have always known why I'm in Bitcoin. For me, it has always been around the following core values:

Decentralized, with no controlling authority. A finite supply. Freedom from banks and debasement of what I've worked hard to acquire.

Saifedeen Ammous says without hesitation in "The Bitcoin Standard" that Bitcoin is a direct threat to Central Banks. Many of us have danced around this issue, and tried to downplay where Bitcoin is going. Even Saylor is careful to couch his answer to the repeated question, "Is Bitcoin a threat to currencies and the Central Bank?"

I used to answer the same question with, "The Central banks, and especially the FED, are too moribund and slow; hell, they can't even understand how--or the how important it is--to implement a CBDC."

There is no doubt in my mind the authorities are fully awake now, and in attack mode. Latest was Ms. Rowland with the Irish Central Bank just today attacking Bitcoin. She is headed to the EU Central Bank to play a major oversight role. Many here on Reddit have commented on the shitstorm of unprecedented proportions: crime, energy use, investors will lose all their money... .

All of us are going to have to get a lot tougher. Right now, the Bitcoin community is under attack, and it is not going to let up as adoption and success increase. After this huge correction, which I personally feel was manipulated by many interests, the only way to be successful in the long run with Bitcoin is to "circle the wagons together, and hold the line." HODL

https://redd.it/np60n5
@r_bitcoin Open / Comment

2021-05-31 19:37:29 Indian central bank reverses its ban on banks dealing in crypto
https://m.rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0

https://redd.it/np4bht
@r_bitcoin Open / Comment

2021-05-31 18:37:42 India just unbanned Bitcoin (today)

> It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC.104/08.13.102/2017-18 dated April 06, 2018. Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 04, 2020 in the matter of Writ Petition (Civil) No.528 of 2018 (Internet and Mobile Association of India v. Reserve Bank of India). As such, in view of the order of the Hon’ble Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from.

https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0

https://redd.it/np4tfx
@r_bitcoin Open / Comment

2021-05-31 17:37:29 Bull Moon Rising As Whales Buy Billions In Crypto
https://themorningbull.com/bull-moon-rising-as-whales-buy-billions-in-crypto/

https://redd.it/np2x9k
@r_bitcoin Open / Comment

2021-05-29 17:37:25 Laser eyes = focused on the problem, not the distraction

https://redd.it/nnmrfs
@r_bitcoin Open / Comment

2021-05-29 16:37:28 The Indy 500 will see the debut of the first Bitcoin-sponsored racing car
https://www.dailystockmarketnews.in/2021/05/the-indy-500-will-see-debut-of-first.html?m=1

https://redd.it/nnk0id
@r_bitcoin Open / Comment

2021-05-29 15:37:31 The story of the McDonald's applicant came true, but with different version.

Hey there, well, we all know about those memes that when there is a big crash the holder applies for a Mc Donald's job. Well, I sm one of those who bought at almost ATH, I'm still holding but I started doing Deliveroo (and soon Uber), delivering food with my car to try to leverage my spending in crypto. If this dip goes long, I will DCA, and I will see beautiful gainings in the future.
What is most important, I'm not at home staring at the charts and feeling depressed, I go out, breath fresh air, see people, deliver food, earn tips, and come back home having done something.

Edit: I've done 103, 48 Australian dollars in two nights!!

https://redd.it/nnko9o
@r_bitcoin Open / Comment

2021-05-29 14:37:35 Something fun

https://redd.it/nnk0i5
@r_bitcoin Open / Comment