So many strange things are happening now: North Korea is demanding nuclear WWIII and this makes zero headlines in the dying New York Times, students at the top, most expensive Ivy League schools are all now ‘persons of color’ so they can feel oppressed and needing even more babysitting help, and the crypto scams roar onwards to the inevitable total collapse and I say, this is interesting to watch for liberals are systematically driving everyone out of entertainment systems at the same time, making these collapse in value, too. Watching people sabotage all systems is always interesting in a cold hearted way.
Bitcoin Climate Dilemma: Mining Bitcoin Consumes an Entire Country Worth of Electricity | Watts Up With That? Yes, ‘bitcoin mining’ is energy expensive. And utterly useless. Its basic design is to consume more and more computer energy in order to ‘create’ this ultimate fake money. It takes real resources of the planet to made basically a number/code system! This is the earthly equivalent of a black hole infinity nexus. It is a destroyer of life. Money has always been a dark place. Original money came out of the earth, was dug up and then made very hot and then turned into ‘coins’. The Dark Arts surround ‘money’ in all its incarnations with this latest one being all about crimes and the recent sudden rise in ‘bitcoin’ value is fueled by the Chinese mainly who have a very short history with ‘money’ of less than 30 years.
While the main driver of this selloff is undoubtedly anxiety over the looming scaling deadline on August 1st, we note that, as CoinTelegraph reports, none other than the Albanian central bank has joined the chorus warning about the dangers to the public of virtual currencies…
HAHAHA…when the Bank of ALBANIA points out the obvious, then it is obvious. Virtual currencies are backed up by nothing. Absolutely nothing. They are basic ‘conspiracy/trade’ items. Believers believe in the value of these fake things and voila: they are worth something to believers.
This rather childish video appeared in 2014 explaining how fake money could be real money without telling everyone that anything (sports bubble gum cards, old postage stamps, illegal drugs) could suddenly shoot up in value and many lunatics would demand to pour in endless money into things that have little intrinsic value unlike say, land or bread which keeps us alive. Fake or cheap stuff fads are common and all follow the same track: up and up and up and then bouncing at the top for a while, up and down and then collapse to nothingness. Tulip bulbs, for example, did this but even they have some real value as beautiful flowers. Not bitcoins which are true nothingness, not even the value of old coins to keep alive.
$2.7 million-worth of Bitcoin stolen as successor to dark web market place Silk Road is hacked and all the precious funny money users wanted to use to do mainly drug deals and nefarious things has vanished, most likely, by government hackers. Bitcoins are useless for anything except collecting between fans and illicit purchases since anyone can sell these bit thingies to other delusional guys and then buy things with real money so why use it for commerce especially when the market value vacillates all over the place and no one knows unless they consult minute by minute, what it is worth. And the one receiving the bitcoins can see value plunge by up to 50% in a short time frame so holding is very dangerous.