Rayvin 5217 Posted May 13, 2021 Share Posted May 13, 2021 (edited) Sorry, KCG's post was hidden for me because it refreshed weirdly. Seems to happen sometimes when you click the 'see new posts' button. Â Edited May 13, 2021 by Rayvin Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 2 hours ago, Dr Gloom said: you feel sorry for elon's fan boys who piled into bitcoin? the craze for crypto (a massive ponzi scheme) and meme stocks are a symptom of dysfunctional financial markets where valuations no longer haver anything to do with underlying fundamentals. it's a stonk bubble, driven by retail investors.  And not only that its completely fucking the planet up. It's bad enough the amount of C02 we use in unnecessary travel, agriculture, and manufacturing, but killing the planet for some abstract concept thathas no basis in reality? Shame on Rayvin. 1 Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 Bitcoin mining has the same environmental impact as the entire country of Argentina. Won't this get worse the harder the mining gets? Clearly it's not sustainable.  https://www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-use-environmental-impact   Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted May 13, 2021 Share Posted May 13, 2021 3 minutes ago, Renton said: Bitcoin mining has the same environmental impact as the entire country of Argentina. Won't this get worse the harder the mining gets? Clearly it's not sustainable.  https://www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-use-environmental-impact   musk's brief fling with bitcoin did nothing for his green credentials. he is no environmental visionary. he's just a businessman, . Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 9 minutes ago, Renton said:  And not only that its completely fucking the planet up. It's bad enough the amount of C02 we use in unnecessary travel, agriculture, and manufacturing, but killing the planet for some abstract concept thathas no basis in reality? Shame on Rayvin. Wonder how much co2 it takes to keep the lights on at all the branches of HSBC around the world Link to comment Share on other sites More sharing options...
Tom 14011 Posted May 13, 2021 Share Posted May 13, 2021 Shitcoin more like    Link to comment Share on other sites More sharing options...
Gemmill 44805 Posted May 13, 2021 Share Posted May 13, 2021 15 minutes ago, Rayvin said: Sorry, KCG's post was hidden for me because it refreshed weirdly. Seems to happen sometimes when you click the 'see new posts' button.   RAYVIN HAS MUTED KCG. OHHHHH SHIT, DRAMA! 4 Link to comment Share on other sites More sharing options...
Rayvin 5217 Posted May 13, 2021 Share Posted May 13, 2021  KCG is a fellow Scottish independence voter, I would never do that.  More importantly, I didn't even realise that muting was a thing  Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 3 minutes ago, TheGingerQuiff said: Wonder how much co2 it takes to keep the lights on at all the branches of HSBC around the world  A tiny fraction of what it takes mining cryptocurrency I'd imagine, even more so since half the branches have closed and HQ's have downsized. Cryptocurrency is bonkers man. Link to comment Share on other sites More sharing options...
Rayvin 5217 Posted May 13, 2021 Share Posted May 13, 2021 11 minutes ago, Renton said: Bitcoin mining has the same environmental impact as the entire country of Argentina. Won't this get worse the harder the mining gets? Clearly it's not sustainable.  https://www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-use-environmental-impact    It's a fair point. I'm not invested into BTC though.  Not that this saves me from criticism on any of the others... will reflect on it next time I need to feel bad about myself over something  Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 4 minutes ago, Renton said:  A tiny fraction of what it takes mining cryptocurrency I'd imagine, even more so since half the branches have closed and HQ's have downsized. Cryptocurrency is bonkers man.  Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 6 minutes ago, Renton said:  A tiny fraction of what it takes mining cryptocurrency I'd imagine, even more so since half the branches have closed and HQ's have downsized. Cryptocurrency is bonkers man. There's DeFi projects that will literally give you 40% interest up front to lock your crypto in with them for a year. Banks are bonkers. Keep your money in one and that money pays bankers wages whilst you earn less than 1%. Pffft. Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 5 minutes ago, TheGingerQuiff said:   The source referenced there is 5 years old and is clearly written by someone who is a stakeholder in crypto mining. I think its pretty universally agreed by experts bitcoin mining is an environmental catastrophe.  And for what purpose? Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 (edited) 9 minutes ago, Renton said:  The source referenced there is 5 years old and is clearly written by someone who is a stakeholder in crypto mining. I think its pretty universally agreed by experts bitcoin mining is an environmental catastrophe.  And for what purpose?  There's going to be a lot of people that have an interest in dismissing crypto for whatever reason. Jack from twitter reckons bitcoin actually incentivises renewable energy, and Musky agrees. Weird about turn   Edited May 13, 2021 by TheGingerQuiff Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 Disingenuous Elon pandering to shareholders or the governments that subsidise his business? Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 3 minutes ago, TheGingerQuiff said:  There's going to be a lot of people that have an interest in dismissing crypto for whatever reason. Jack from twitter reckons bitcoin actually incentivises renewable energy, and Musky agrees. Weird about turn    I don't know enough or really understand it to completely dismiss it. But the fact it is not bench marked against anything of a true worth, fluctuates wildly, and is a huge energy drain and CO2 source (either directly or diverting renewable power to it) means it's a no from me.  Especially the first point. Link to comment Share on other sites More sharing options...
Rayvin 5217 Posted May 13, 2021 Share Posted May 13, 2021 I've found it an interesting thing to be part of but it does need to go mainstream with a justification for its existence sooner rather than later.  I also want to hear more about this:  39 minutes ago, TheGingerQuiff said: There's DeFi projects that will literally give you 40% interest up front to lock your crypto in with them for a year. Banks are bonkers. Keep your money in one and that money pays bankers wages whilst you earn less than 1%. Pffft.  Which DeFi projects are doing that, exactly? Link to comment Share on other sites More sharing options...
TheGingerQuiff 2412 Posted May 13, 2021 Share Posted May 13, 2021 19 minutes ago, Rayvin said: I've found it an interesting thing to be part of but it does need to go mainstream with a justification for its existence sooner rather than later. Â I also want to hear more about this: Â Â Which DeFi projects are doing that, exactly? 88mph Link to comment Share on other sites More sharing options...
Alex 35062 Posted May 13, 2021 Share Posted May 13, 2021 This has reminded me of the rarely used minge synonym ‘blit’. That’s my contribution, lads 3 Link to comment Share on other sites More sharing options...
Monkeys Fist 42379 Posted May 13, 2021 Share Posted May 13, 2021  Did blit lead to blart or was it the other way round?  The mysteries of minge slang etymology… 1 Link to comment Share on other sites More sharing options...
trophyshy 7083 Posted May 13, 2021 Share Posted May 13, 2021 Blitcoin would probably do well. There’s already one called Cumrocket ffs. Link to comment Share on other sites More sharing options...
Monkeys Fist 42379 Posted May 13, 2021 Share Posted May 13, 2021 Does the local suck-slut accept it? Link to comment Share on other sites More sharing options...
Renton 21579 Posted May 13, 2021 Share Posted May 13, 2021 1 hour ago, Monkeys Fist said: Does the local suck-slut accept it?  Yes. You can currently get 1379 sucks for 1 bitcoin. 1 Link to comment Share on other sites More sharing options...
Dr Gloom 21912 Posted May 13, 2021 Share Posted May 13, 2021 It’s funny that a lot of Bitcoin traders were talking about Tesla’s initial move as game changing but with its subsequent retreat it’s nothing to see, move along. Not cult like at all for the true believers. Link to comment Share on other sites More sharing options...
Monkeys Fist 42379 Posted May 13, 2021 Share Posted May 13, 2021 2 minutes ago, Renton said:  Yes. You can currently get 1379 sucks for 1 bitcoin. Professional suck-sluts should start one called BitchCoin. 2 Link to comment Share on other sites More sharing options...
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