If I opened a laundromat I doubt I’d need to fill out something for the DOE.
I think this is nothing more than another agency using the DOE for a conduit to get that information for them.
I think this is nothing more than another agency using the DOE for a conduit to get that information for them.
Bitcoin isn’t “coming,” it’s here and it’s a nightmare. People lose money down this drain every day and there’s next to no way to get it back. A serious transnational criminal problem that must be addressed and if the government wants to keep tabs on who profits from this, that’s be great.
Bitcoin is already outperforming the sluggish efforts of the IMF and World Bank, breathing life into renewable energy projects in the most forgotten corners of the world. This is revolutionizing local economies and lifting standards of living, far from your narrow, outdated critiques.
Now, let’s dissect the energy “problem.” Yes Bitcoin will eventually devour 1-2% of the planet’s energy, but calling it a problem is missing the point. This consumption is a beacon, signaling the dire need for more energy production. Bitcoin isn’t just sitting there; it’s actively pushing for energy innovation and sustainability, something your limited perspective fails to grasp.
And who made you the arbiter of good versus bad energy use? Do cloud services, AI, gaming, and your mundane household activities get a free pass? The real issue is your lack of vision, stuck in a defeatist echo chamber. Bitcoin is addressing the massive demand for a currency that’s private, uncensored, and deflationary. You might not like it, but it’s because you’re too caught up playing traffic cop, basking in telling others what to do.
You also overlook the ingenious utilization of Bitcoin’s ‘waste’ heat, a byproduct turned asset. This isn’t merely about keeping some servers running; it’s about a visionary leap towards using every joule of energy to its fullest. Bitcoin mining operations are pioneering the capture and repurposing of waste heat for practical, everyday uses - from water heaters in homes to boosting agricultural yields. Imagine a world where the excess heat from securing a decentralized financial network warms homes, powers greenhouses, and promotes sustainability. This isn’t a hypothetical future; it’s happening now. And as for the global energy supply, your argument falls short by ignoring the pressing necessity for a dramatic increase in energy production. To genuinely elevate the living standards of every human being on this planet out of poverty, we require energy solutions that are orders of magnitude greater than what’s currently available. Bitcoin’s energy consumption, far from being a wasteful curse, is a catalyst for this much-needed energy revolution, driving innovation and investment in renewable sources at a scale previously unimaginable.
As for the financial drain, let’s get real. Over any 5-year span, Bitcoin has been a golden ticket compared to the sinking ship of fiat currency, plagued by inflation and collapse. Bitcoin is on track to eclipse Silver and even challenge Gold as a store of value. And all the supposed “problems”? Solved. Layer 2 solutions, altcoins, and stablecoins are gearing up to handle global transaction volumes, with Bitcoin as the unshakeable foundation.
Your darling governments and their policies? More often than not, they’re the real hurdles to progress, wielding violence and spreading misery under the guise of collectivist and socialist dreams. And let’s not even start on the education system, brainwashing generations with fairytales instead of truth.
Money laundering? Look in the mirror. The biggest laundromats are your central banks and government policies, sanctifying grand-scale financial crimes under the guise of legality. Bitcoin is the least of your worries if you’re genuinely concerned about corruption and illicit finance.
You’re right, Bitcoin isn’t just coming; it’s already here, tearing down the facades of the leeches, parasites, and warmongers. With leaders who get it inching closer to power, we’re on the brink of a financial renaissance. Picture it: a Swiss bank account in every pocket, the ultimate nightmare for the likes of Obama and his collectivist cronies. And guess what? There’s nothing you can do to stop it.
Do you figure there’s a reason so many of your conversations turn out this way? Perhaps you choose very dim witted people to talk with? Maybe the problem is that you’re much smarter than everyone, so no matter who you converse with, they end up bowing out half way through because your ideas are too much for them?
I gotta say, this must be a hard way to plow through life but I salute your endurance! Hopefully you manage to get everyone educated up to your level.
You seem to not understand that someone can disagree with you without it being some grand conspiracy or authoritarian cabal. It is infinitely more likely that people disagree because they think you're a moron. People think you're a moron because you act like one. Spouting off about conspiracies and cabals and you've somehow pulled Obama into it?
You aren't being dismissed because the big bad communists want to steal your bitcoins. You're being dismissed because you're pasting nine whole paragraphs of absolute insane ramblings.
It's amusing how seriously you insist Bitcoin cannot be taken, despite it now commanding 1% of energy supplies in numerous locales and the cryptocurrency market cap reaching $2T. This isn't a fad; it's a serious economic revolution. Were those of us who believed from the start, including luminaries like Timothy C May, Intel's chief scientist, all "morons"? Or is the true folly in dismissing what you fail to comprehend, resorting to juvenile labels like "cryptobros"?
You accuse me of spouting conspiracy theories, yet I've merely stated historical and economic facts. The founding of the Bank of England for waging war, the inherent violence of fiat currencies leading to confiscation and inflation crises worldwide—these are not conspiracies, they are realities that you choose to ignore.
Your dismissal stems from a place of fear, not superiority. Governments and their conformist, collectivist, and statist cheerleaders fear Bitcoin because it represents a fundamental shift in power dynamics. Your attempts to ban or discredit it only underscore its resilience and anti-fragility.
As for communists or any government's ability to "steal" Bitcoin, you misunderstand the very essence of this technology. Bitcoin represents a shift away from the state's monopoly on violence and financial control. And yes, Obama's apprehension about Bitcoin granting every citizen a "Swiss bank account in their pocket" speaks volumes—not about the feasibility of stopping Bitcoin, but about the threat it poses to centralized control.
Call me unhinged, a conspiracy theorist, or whatever else makes you sleep better at night. But I challenge you, find one "conspiracy" in what I've said. Your discomfort isn't with the truth of my words; it's with the realization that your worldview might be the actual house of cards.