patrick.net

I'm guessing some version of the Green New Deal pulls the plug on cryptocurrencies.
For example, we determined electricity consumption to be between 60 and 125 TWh per year for Bitcoin. This is in the range of the annual electricity consumption of countries such as Austria (75 GWh) and Norway (125 GWh). However, as cryptocurrencies currently process only few transactions per second, the theoretical limit is typically in the low two- or three-digit range, e.g., approx. 15 for Ethereum and Bitcoin and 100 for Bitcoin Cash. This is primarily determined by the parameters ’average block time’, ’minimum size of transactions’, and ’maximum block size’ (Georgiadis 2019). Accordingly, a single transaction currently requires enough electrical energy to meet the needs of the average size German household for weeks, or even months.

G36 says

The really wealthy people I have play money and invest a few percentages in Bitcoin.

Wealthy people don't invest in BTC. Just saying. I honestly don't know what to say after that. I guess the "wealthy" people you know are liars? The headlines your read are lies and there's no way for either of us to prove it. One more reason to not invest.

WookieMan says

G36 says

Yep, the worst ones in the history of Patnet. That must deserve a trophy.

Keep going.

Okay, what is your prediction for Bitcoin at the end of 2021? Not that I care, but maybe I can add it to the list.
lets hear it :) or are you done with predicting? Hurts too much to be soooo wrong?

EBGuy says

I'm guessing some version of the Green New Deal pulls the plug on cryptocurrencies.

Possible, but I don't think there will be a green new deal. Maybe some variation, but fossil fuels are here to stay for a while. I don't think electric consumption moves the crypto needle for now. Could long term though.

WookieMan says

G36 says

The really wealthy people I have play money and invest a few percentages in Bitcoin.

reason to not invest.

See, thats another sign. Every single person I know, especially the wealthy ones INVEST. You saying you dont invest matches the portfolio of 100 shares of LUV and it matches my theory that you are just making stuff up. It makes sense that you cant upset at others for making money in the markets. Because you are not in it.

G36 says

Okay, what is your prediction for Bitcoin at the end of 2021? Not that I care, but maybe I can add it to the list.
lets hear it :) or are you done with predicting? Hurts too much to be soooo wrong?

I'm guessing below $10k and could touch as low as $5k. It's likely going to repeat the 2017/18 cycle. It's already mirroring it. You're in the middle of the pump. I underestimated how dumb it would get back when I said sell at $18k. I was wrong. * This is totally something trolls do...

holy crap! WookieMan believes Bitcoin will be between 10k and 5k at the end of 2021.

BAWAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAAHAHAHAH

Thank you man!!

this is better than watching TV and there are some good shows out there lately.

G36 says

Every single person I know, especially the wealthy ones INVEST.

You don't know wealthy people. Rich people don't need stocks or crypto. They get people to pay them. I for sure know people that are wealthier than anyone you know. 100%. You're playing a game you don't understand. Make personal comments all day, but you're going to lose. The beauty of forums is I'll prove it with time. Keep up with the ego you haven't earned though.

I'll beat the horse until it's mulch. Where have you traveled in the last 12 months? Just name a location. Not a difficult task for some big time crypto investor.

WookieMan says

G36 says

Okay, what is your prediction for Bitcoin at the end of 2021? Not that I care, but maybe I can add it to the list.
lets hear it :) or are you done with predicting? Hurts too much to be soooo wrong?

I'm guessing below $10k and could touch as low as $5k. It's likely going to repeat the 2017/18 cycle. It's already mirroring it. You're in the middle of the pump. I underestimated how dumb it would get back when I said sell at $18k. I was wrong. * This is totally something trolls do...

@Cash

gotta save that one.....he believes BTC will be between 5k and 10k by end of 2021.

@WookieMan,
lets do a bet. I buy you booze for 1K to celebrate if Bitcoin is between 10k and 5k by end of 2021. I know....its nothing for a fake millionaire. But hey, who turns away free booze.
Your choice of booze. Wine, beer, anything.

Agreed? I give you 1K to buy booze or I buy it and ship it to IL.

If you are fine with it....what will you give me in return if Bitcoin is over 20k by the end of 2021?

And dont give me the dox shit. We'll find a way to make the transaction without exchanging personal info.
I just want to make that bet.

G36 says

Agreed? I give you 1K to buy booze or I ship it to IL.

Nope. I gamble at casinos, not online. You've got the quote. Feel free to boost your esteem and post it later. I'm doing well in life. I can be wrong on this "prediction" (that doesn't matter) and know I'm doing fucking fantastic. Better than most. You'll repost this and I won't care. I won't change my username. I'll continue to be a man unlike some here holding dead money for 3-4 years. Whatever.

oh my gawwd. just be a freakin man.

Stand behind your prediction. have some fun. You are a fake millionaire....I give you one k if you are right and you give me whatever you choose if i am right....i dont demand 1k....what will you give me....come on

dont shit yourself, we find a way to do it without personal info. you get your 1k in cash or booze. Who turns away free shit?
The wealthy people I know, LOVE those kind of personal bets. Have some fun. I dont even demand 1k in return. Your choice what you will give me in return.
make a deal!

G36 says

You are a fake millionaire

I'm an elected official. I've stated that. I've doxed myself enough here. I'm not going to gamble with you. The quote should be enough to pump up your ego, if you're right. You've got a year to master bait over it.

Personal info is a formality... you just won't get mine ;)

my gawwd what a sissy

elected offcial.
bawahahha isnt that the truth....nothing you say can be taken seriously. just like with the other elected officials. :)

G36 says

elected offcial.
bawahahha isnt that the truth....nothing you say can be taken seriously. just like with the other elected officials. :)

Don't take it seriously...

Patrick says

- WookieMan seems to have a fine life, but gets baited into responding to G36's responses, and so it goes on.

Good summary!

I started this thread to point out that bitcoin is a scam. So far no one has refuted my argument.

It hurts people that can't afford it and uses a tremendous amount of energy.

Onvacation says

It hurts people that can't afford it and uses a tremendous amount of energy.

Anyone can afford it. That's the problem I have with it and why I agree that it's a scam. BTC is dead in the water if you had to purchase a whole coin at these prices. Which means they'd never be here if Joe Blow wasn't buying $500-$2,500 of it. It's not Elon Musk buying millions worth. They throw in $100k, give that press, and they just printed a $200k vacation to the Maldives for doing nothing. They don't understand this though.

Your analysis of what it is, is spot on. And won't get a response from any of these guys. I just fear people will see this shit and buy into it. Maybe just let them earn the financial Darwin award I guess? Makes me sick either way. I know people that have had their lives ruined over crypto. I assume most these guys are playing with lunch money, but again, I worry about the person that actually has money and get sucked into the scheme.

Sissy doesnt even take free money for his prediction. He just makes up stuff and doesnt stand behind anything he spouts. Shows you what kind of man he is (you cant take a word he says seriously).

I called him a fraud and he responds that he is an elected official....ROFL.
Thanks for the confirmation.

G36 says

Sissy doesnt even take free money for his prediction. Shows you what kind of man he is.

Lol, sissy?? Are you still in high school dude? As usual should market personal but I won't. I'll just let the forum show the history of you. Not a good like I might add.

oh, must be a bad day in IL. BSDS is hitting sissy strong again.

yep:


Beautiful here in Socal

It's actually not too bad here. Supposed to get some snow today. Windy. Should be nice. Kids don't have school tomorrow and should be able to do some sledding 5 minutes away from my house. Sounds like a good day to me. I don't know, winter weather and cold doesn't scare me, I just have the ability to leave when I want and go places I want.

The best part is I don't have to pay 13% income taxes at the top end for my income. I'm saving the inflation portion AND an additional 6% out the door on state income taxes ALONE. My house is nicer than any in CA that equals it for square footage, is 60-70% cheaper AND I make more than most in CA. Life really is good.

Sorry passing_through and Nutt, but Socal ain't that great, not meant for you guys. But I don't know, repeating the same thing over and over again is insanity. Probably explains the personalities of those in Socal.... I'll visit, but I'm not a fan of bums and shit. That's saying something considering Socal is the "nice" part of CA.

I also get to go out to eat. Don't have to wear a mask. And my politicians bloated government cost 20-30% less than on top of the above savings. I don't know. On paper Socal looks shitty. Was close to moving there and did a detailed cost analysis. Yeah, you're pissing away almost 40% of any income you make there and that's assuming it's as high as other places. Not sure I'd be bragging about that. So I can see why you need BTC to work out for you, because you're rather far behind out of the gate. Good luck.

fascinating. Those two triggers get people that suffer from BSDS every single time.
They might even name BSDS after Sissy.



@WookieMan, do you think this Bitcoin at this beautiful SoCal beach will be worth 100k soon?


Dont forget the umbrella today!

G36 says

Dont forget the umbrella today!

Umbrella? WTF are you talking about?

@Patrick, this has to be a bot at this point. Sophisticated, but a bot nonetheless or paid bot. Who the fuck uses an umbrella when it's snowing??? Sissy? It's like a kid trapped in the 80s-90s or another country that has missed the last 2 decades. WTF??? Maybe China? At least come up with some modern insults for christ sake if you're going the personal route. I can handle it, just didn't realize I needed to crack open the 10 year old brain.

Also, that Socal beach looks like shit. Legit. Maybe get out and see what real beaches and water look like. Ain't that.

For those who say crypto is a scam, I think you're wrong. Why wouldn't digital money, not controlled by central banks, be the future over paper? I trust Bitcoin more than US dollars, and both of their values are derived by the belief of the public that it's worth something. You can't make more Bitcoin, but central banks can print unlimited fiat. Crypto is new and different, and that scares a lot of people because it's unknown, which means now is as good a time as any to get in before it becomes mainstream.

porkchopexpress says

For those who say crypto is a scam, I think you're wrong. Why wouldn't digital money, not controlled by central banks, be the future over paper? I trust Bitcoin more than US dollars, and both of their values is derived by the belief of the public that it's worth something. You can't make more Bitcoin, but central banks can print unlimited fiat. Crypto is new and different, and that scares a lot of people because it's unknown, which means now is as good a time as any to get in before it becomes mainstream.

man, you hit the nail! Spot on.

especially: now is a great time to get in, because its still new and you have ignorant people who think a decentralized cryptocurrency can be a scam. LOL. Those posts from these people are golden. Generations will make fun of them.

WookieMan says

G36 says

Dont forget the umbrella today!

Umbrella? WTF are you talking about?

You dont have an umbrella?? poor guy. Its a must if you live in IL!!!

G36 says

WookieMan says

G36 says

Dont forget the umbrella today!

Umbrella? WTF are you talking about?

You dont have an umbrella?? poor guy. Its a must if you live in IL!!!

@WookieMan
Just when you think it doesnt get much funnier, sissy surprises you again. Lives in IL and doesnt own an umbrella! You just cant make this stuff up!
How is sissy getting to the bus without being completely soaked?

bawahahahaha

porkchopexpress says

You can't make more Bitcoin, but central banks can print unlimited fiat.

And weapons and ammo and armies. Don't you find it funny that governments let crypto just go? If you have gains, they just tax it. If you lose, they don't care either. It's no threat to a government that can wipe you out in the blink of an eye. We've seen in happen with a fucking virus that can kill people over an election. Crypto is an easier target.

There will be no digital currency/money that overcomes the worlds super powers, unless they create it. This is fact. They will be worthless at some point. There's no mass adoption of any of the crypto out there. It's a trading tool to fleece people. I frankly don't understand why it's even a conversation at this point. It's obvious.

You're also using all the keywords the crypto bugs want you to use. You don't have to like what I'm saying but it is fact. You guys are free marketing to the people that are going to take your money. Plain and simple. Not one crypto bug has ever been able to deny that. Someone has to buy the nothing that is crypto and sell it to the next guy. There's no assets. No real estate. No dividends. Nothing. That scheme ends at some point and I think deep down you guys know it.

@WookieMan "Weapons and ammo"
We are discussing investments (something you dont seem to have.....not counting your 100 shares of LUV). And not everyone lives in a dangerous neighborhood and needs to buy more ammo and weapons to protect the fam. And some are just sissy's. Oh wait.

jokes aside. We dont want you do invest in BTC. Its much, much funnier this way.

G36 says

We are discussing investments (something you dont seem to have.....not counting your 100 shares of LUV)

You still don't understand what an investment actually is. See I invest in my business, my time mainly at this point, not money. You gamble. Between our investment in business and jobs, we make over $30k/mo. During a pandemic of all times. We're going to have our best year ever.

I don't need to invest, I can just print the money. You don't and won't ever get that from crypto. Your screenshot shows that you invested what I make in a month. Even with gains I've still doubled yours in crypto. It's a joke. You are a joke. You are the joke and you don't know it. Kind of funny. I'd rather you call me a sissy all day knowing I'm better. Because I am. lol.

overly scared people are usually not successful in life...another sign....I dont think we cant believe anything sissy says/claims.

G36 says

overly scared people are usually not successful in life...another sign....I dont think we cant believe anything sissy says/claims.

Keep projecting. Us intelligent ones are laughing pretty hard right now. Keep it up though. This might turn into a comedy site with your gems.

and people who live in IL and dont own an umbrella are strange too....I would send sissy an umbrella but she's afraid of doxing. If sissy had a crypto wallet, i could send her some satoshis but she doesnt have that either....

no sun but rain, but no umbrella
no bitcoin but 100 shares of LUV

yikes.

I guess the brown bag must do the job

porkchopexpress says

You can't make more Bitcoin, but central banks can print unlimited fiat.

Bitcoin is valued in fiat and is worth what the next greatest fool will pay for it.

Maybe you can answer what others have ignored:

How can crypto be a store of value if all incoming money is consumed by the " miners"?

If no answer you have to admit that bitcoin is dependent on the next greatest fool to have any value.

Onvacation says

porkchopexpress says

You can't make more Bitcoin, but central banks can print unlimited fiat.

How can crypto be a store of value if all incoming money is consumed by the " miners"?

@Patrick / @Onvacation

OV, I think Patrick just shared he got BTC at a few bucks in 2016. Its now at 378 dollars! What a great store of value! Bitcoin is the best performing asset.
He didnt have to pump it....it just increased in value due to high demand.