Old Fart Alert
Comments
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Thud? Who made this place so serious?
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If a guy like that hates it, I like it.
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He’s right, but the rest of the world is upside down so don’t know why they should single out crypto. After all, the Fed is expected to print $450 billion in dollars out of thin air in the second quarter alone...other than being less energy intensive not sure how that it much different.
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Other than that, Mrs. Lincoln, how was the play?...HoustonHusky said:He’s right, but the rest of the world is upside down so don’t know why they should single out crypto. After all, the Fed is expected to print $450 billion in dollars out of thin air in the second quarter alone...other than being less energy intensive not sure how that it much different.
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Energy is heading for a crisis, but I’m a contrarian on it. Problem is there is too much of it and it’s getting too cheap...causes all sorts of problems. Read something over the weekend that said much the same (always like reading things that agree with my personal thesis)...I’ll see if I can find it and post it.1to392831weretaken said:
Other than that, Mrs. Lincoln, how was the play?...HoustonHusky said:He’s right, but the rest of the world is upside down so don’t know why they should single out crypto. After all, the Fed is expected to print $450 billion in dollars out of thin air in the second quarter alone...other than being less energy intensive not sure how that it much different.
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Buffet is going all in on crypto if Charlie is playing his contrarian shill bullshit like always.
By the time they have to report, nobody remembers this old man scam.
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Energy consumption has the exact same impact on the environment whether it's expensive or cheap. Bitcoin is like a currency exchange that is very arbitrarily indexed to the size and intensity of every participant's tire fire.HoustonHusky said:
Energy is heading for a crisis, but I’m a contrarian on it. Problem is there is too much of it and it’s getting too cheap...causes all sorts of problems. Read something over the weekend that said much the same (always like reading things that agree with my personal thesis)...I’ll see if I can find it and post it.1to392831weretaken said:
Other than that, Mrs. Lincoln, how was the play?...HoustonHusky said:He’s right, but the rest of the world is upside down so don’t know why they should single out crypto. After all, the Fed is expected to print $450 billion in dollars out of thin air in the second quarter alone...other than being less energy intensive not sure how that it much different.
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2 different discussions here. You are talking environmental impact, which we can have but have a feeling we would be 180 degrees apart on.1to392831weretaken said:
Energy consumption has the exact same impact on the environment whether it's expensive or cheap. Bitcoin is like a currency exchange that is very arbitrarily indexed to the size and intensity of every participant's tire fire.HoustonHusky said:
Energy is heading for a crisis, but I’m a contrarian on it. Problem is there is too much of it and it’s getting too cheap...causes all sorts of problems. Read something over the weekend that said much the same (always like reading things that agree with my personal thesis)...I’ll see if I can find it and post it.1to392831weretaken said:
Other than that, Mrs. Lincoln, how was the play?...HoustonHusky said:He’s right, but the rest of the world is upside down so don’t know why they should single out crypto. After all, the Fed is expected to print $450 billion in dollars out of thin air in the second quarter alone...other than being less energy intensive not sure how that it much different.
I'm talking sheer cost of energy, which has been steadily decreasing for many years and in doing so can both lead to insanity in how to use is (bitcoin as a good example) and long-term destabilization (Mideast with less $$$ coming in, renewables which are not steady but have basically a $0 incremental cost to supply and screw with on-demand sources like natural gas leading to volatility and short-term shortages ala California and recent Texas grid issues, etc. etc....)
Here is the article I read last week...its a bit out there but has some good points...
https://www.zerohedge.com/energy/energy-crisis-no-one-talking-about
