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Crypto according to Swaye

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    backthepackbackthepack Member Posts: 19,796
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    Warren stepped into a shitshow with this. Don't piss off the Bitcoin Bros




    Figured it belongs in a @Swaye thread
    Without watching the clip and just going off the headline, she's not wrong. It's an insane amount of energy to waste on something.
    Twitter uses more energy to run its platform than bitcoin miners use. She’s trying to protect her banker bros. Very transparent.
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    1to392831weretaken1to392831weretaken Member, Swaye's Wigwam Posts: 7,311
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    Swaye's Wigwam

    Warren stepped into a shitshow with this. Don't piss off the Bitcoin Bros




    Figured it belongs in a @Swaye thread
    Without watching the clip and just going off the headline, she's not wrong. It's an insane amount of energy to waste on something.
    Twitter uses more energy to run its platform than bitcoin miners use. She’s trying to protect her banker bros. Very transparent.



    A.) Current estimates for Bitcoin annual energy consumption puts it at about half of the combined energy consumption of every single datacenter in the world.

    B.) Elizabeth Warren protecting banker bros? That's a Ballz level hawt take.
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    ntxduckntxduck Member Posts: 5,515
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    Warren stepped into a shitshow with this. Don't piss off the Bitcoin Bros




    Figured it belongs in a @Swaye thread
    Without watching the clip and just going off the headline, she's not wrong. It's an insane amount of energy to waste on something.
    Twitter uses more energy to run its platform than bitcoin miners use. She’s trying to protect her banker bros. Very transparent.
    Lol wat
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,405
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    Swaye's Wigwam
    Washington State could rule the bitcoin world. We got volcanos
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    1to392831weretaken1to392831weretaken Member, Swaye's Wigwam Posts: 7,311
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    Swaye's Wigwam
    edited June 2021

    Washington State could rule the bitcoin world. We got volcanos

    It's all well and good, but for starters, that's still a tiny fraction of what Bitcoin consumes. It's also energy that could be used for something more useful than digital Beanie Babies.

    Edit: I work for a company that greenwashes the hell out of its image, makes a lot of money off wind farms and solar projects, talks sustainability 24/7, funds green projects for PR...

    ...and turned Alberta and the Niger River Delta into a couple of the worst ecological disasters in history.

    One guy tweeting about Warren being wrong about Bitcoin because of a single clean energy project means fuuuuuck all.
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    backthepackbackthepack Member Posts: 19,796
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    ntxduck said:

    Warren stepped into a shitshow with this. Don't piss off the Bitcoin Bros




    Figured it belongs in a @Swaye thread
    Without watching the clip and just going off the headline, she's not wrong. It's an insane amount of energy to waste on something.
    Twitter uses more energy to run its platform than bitcoin miners use. She’s trying to protect her banker bros. Very transparent.
    Lol wat
    USD dick sucking. Highest CPI since august 2008. High inflation. Lmao.
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    backthepackbackthepack Member Posts: 19,796
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    edited June 2021
    Bitcoin doesn’t waste energy. It’s the miner bros.
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    Washington State could rule the bitcoin world. We got volcanos

    Unfortunately, Rainier hasn't been cooperative and wipe Seattle off the map yet....

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    BleachedAnusDawgBleachedAnusDawg Member, Swaye's Wigwam Posts: 10,522
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    Founders Club

    Washington State could rule the bitcoin world. We got volcanos

    Unfortunately, Rainier hasn't been cooperative and wipe Seattle off the map yet....

    I know you're being sarcastic but Rainier would more likely wipe out Tacoma. The lahars through Puyallup would be epic.
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    CuntWaffleCuntWaffle Member Posts: 22,493
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    I have made some decent money in these crazy crypto bull market runs. The technology is still over my head for a lot of these coins but what I do know is stupid people who know even less like to throw in money in without looking and then panic sell after a bad Elon Musk tweet. So making money off of stupid people is pretty easy.

    The Crypto community really is like a cult though. They want to believe so badly that they are so close to taking over "big banking" and any time Bitcoin dips it's a huge conspiracy with the financial elite.
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    RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 101,405
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    Swaye's Wigwam

    I have made some decent money in these crazy crypto bull market runs. The technology is still over my head for a lot of these coins but what I do know is stupid people who know even less like to throw in money in without looking and then panic sell after a bad Elon Musk tweet. So making money off of stupid people is pretty easy.

    The Crypto community really is like a cult though. They want to believe so badly that they are so close to taking over "big banking" and any time Bitcoin dips it's a huge conspiracy with the financial elite.

    That's where the Elizabeth Warren is a tool of big banking came from even though she rarely has anything nice to say about banks
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    YouKnowItYouKnowIt Member Posts: 539
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    Washington State could rule the bitcoin world. We got volcanos

    what's this we shit Temecula
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    RoadDawg55RoadDawg55 Member, Swaye's Wigwam Posts: 30,123
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    Swaye's Wigwam

    I have made some decent money in these crazy crypto bull market runs. The technology is still over my head for a lot of these coins but what I do know is stupid people who know even less like to throw in money in without looking and then panic sell after a bad Elon Musk tweet. So making money off of stupid people is pretty easy.

    The Crypto community really is like a cult though. They want to believe so badly that they are so close to taking over "big banking" and any time Bitcoin dips it's a huge conspiracy with the financial elite.

    It’s 100% a cult. And talking about how great it is and how it’s going to change the world gets obnoxious. People (most of them) want to use it to make money. We don’t actually give a fuck about it.
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    KaepskneeKaepsknee Member Posts: 14,750
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    Once the East Coast pipeline was cyberjacked and ransomed with Bitcoin, that party ended. The Governments won’t allow any more fuck You money that can’t be traced. I’m sure there is plenty more opportunities out there with other CC’s. But BITC won’t see 65K again in my liftim.

    You can fire up the grill with that.
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