Iceland is a country running entirely on 100% renewable energy. You might not heard of it, but they have a company called CCP… I’m not sure if you are joking… you sure derail the attention of the COAL POWERED BITCOIN that wastes a lot of energy, so yes, any type of energy going to BTC is waste energy. 
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Oh okay, I read up on this, you will be a gorillionaire soon, not sure why you are on some gaming forum wasting your precious life while you could live in unimaginable wealth already. You can loan a few billion, you can repay when BTC is up. Right? 
No, heh, we’ll be seeing you here for the foreseeable future. LOL. Strange you have quite a mouth but don’t put your chips there, and I mean real life money not fake money.
What’s the actual issue? Did you lose money on BTC? I have seen you type about doing trades. Was BTC something you wanted to profit from? Did a fellow trader earn a vast sum of money from BTC and you want that for yourself?
No it’s not.
Lightning transactions are not written on the blockchain. Only the end result.
So much for “secure”, “open ledger” etc.
Lightning is a fix that bypasses the essence of BTC.
Maybe go read about the things you comment on before you join a discussion
If the only way to make Bitcoin work is to use the lightning layer to manage the fees, then what is the point of the Bitcoin at that point? In this case you aren’t using the hyped-up Bitcoin ledger, you are using the lightning layer’s ledger, and at that point you don’t need to keep supporting the legacy BTC blockchain, it is just an unnecessary overhead cost.
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BTC is not a ponzi ! !!! !! Proof : if you’re not using it, you’re not getting scammed.
OMFG that me laugh so hard. Master 
degree for this one !
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It seems you don’t understand the facts which Isn’t a problem since nobody here is trying to convince you to use it. People who understand it and can benefit from it will use it. A few people here only seem interested in criticising BTC without even understanding it. Personally I have to have a full understanding before I criticise anything.
Yeah apparently they have a pretty huge Bitcoin mining farm up there as well.
If I had to chose between using energy for powering the EVE servers and mining Bitcoin, I would chose mining Bitcoin, because that produces clearly more value for humanity.
I put all my money I can afford to lose into Bitcoin. As I have said multiple times now, I could be wrong about it, but I’m sure enough to take a calculated risk.
What about you? If you are so sure it will fails, there are multiple opportunities to go short Bitcoin. How about you put your money where your mouth is, I already did.
Yes it is
The point of the Bitcoin blockchain is to create censorship resistant, decentralized, digital money. A blockchain is ideal for that, it’s a decentralized database where we can create a global consensus about state, like how many bitcoin there are, who owns them, etc. It contains the information that needs to be known and verified by every participant.
The Lighting network on the other hand, takes that digital asset created by the blockchain and with some cryptographic tricks it can create a transaction network composed of payment channels that are still completely trustless. This is not about global state. If I buy a coffee we don’t have to broadcast that to the whole world, the only interested parties are the merchant and the customer.
Asking why do we still need Bitcoin if there is Lightning is like asking why do we still need TPC/IP when we have HTTP. This are two different protocols and the second builds on the first one.
The issue is the Satoshi Scheme. And how the two of you are trying to defend it.
I bought 1 pizza about 11 years ago. Yeah, wow, what a trade. I would call it a purchase but then again I’m not drugged so I can see the difference between those words. If something is in my books, I’m sure that fiscal year doesn’t interest me anymore, unlike you who crave money and hope to draw people into so you can leave. The anger and lies show you are desperate. We warned you, but you kept believing BTC would go to the roof, you literally posted that it was an investment and now realize it isn’t but you are stuck in it.
Why would I worry? I’m not in the desperate situation you are. I’m going to buy a new EV next year because unlike you I don’t have to care much about the price of electricity.
Make it personal, lol. Big man… That Big man video really got to you… rofl… I do not envy you but if it helps you sleep you are free to think that, you NEED your sleep.
Yeah, great dream. But you aren’t in any position to decide about that. You’ll need at least half a billion of real money and not a gorillion of fakecoins to buy CCP and change it into a BTC farm. See? You talk a lot but none of it is real, all of it is a dream, and I hope for you that one day it will all come true.
First, you lie because I don’t see any swiss newspapers talk about the lying scammer who laoned billions touting BTC will be worth 350k real money. You are stuck in your scam and hope for better. Good for you, It’s not my scam.
Secondly, I will take my financial advise from almost anyone. But not some scammer.
Next year I’ll be driving a new EV and enjoying it.
You on the other hand will be a crypto gorillionaire but no one finds out you are due to privacy. I understand.
You guys are the funniest thing, you should start a show, but with blurred faces and voice modulated. You’ll get even richer doing that.
I have an understanding of the logic behind it. If one doesn’t understand I’m not sure if they would be in a position to either attack or defend it.
I’ve not lied about anything, feel free to show me where you think I have. I have explicitly said if you are not a trader or you don’t have any experience with crypto you must not invest in it. I’m not sure where you think the anger and lies is in this type of opinion.
This isn’t consistent with anything I have said. In fact I said investors should wait until the usage of BTC is higher before attempting to make profit, I don’t think they will profit from other traders also trying to profit.
For the 1000th time!!! I hope you read this carefully this time…I do not really care for the value of BTC because I now use BTC for a few personal transactions. So the value could be £3,000 or £15,000 for all I care, either value won’t stop me from buying £100 of BTC and using it for a transaction.
How have I given the impression I’m desperate? I do plenty of work and have a great PC repair business where I support local people who in turn support me. PC repair is a recession proof occupation.
You talk a lot of crap. seriously.
Yeah if it was up to me Bitcoin mining would only be allowed with waste energy from renewables that can’t be used for anything else at a certain time, but as you said it’s not up to me. I wouldn’t stop at Bitcoin though, as that is probably the least of our problems when it comes to energy and fossil fuels.
When I say that there is a trajectory that Bitcoin mining goes to renewable curtail energy then that trajectory is to the best of my knowledge real. But you somehow read that as Bitcoin mining is all green, which is not what I’m saying.
I lie because a newspaper isn’t talking about someting I don’t even know you are talking about. WTF, are you for real?
I could sell right now and would be in massive profits. I’m not doing that because I’m not buying Bitcoin to sell for a higher price but to protect what I earn in the most secure form of money they can’t dilute at will. And I’m certainly not going into debt to speculate because I believe that our system based on debt and credit is exactly what causes a lot of the problems with the current financial system, over leveraged crypto exchanges included.
I don’t give you financial advice, I just ask you to put your money where your mouth is based on your own advice. I don’t judge if you are a scammer or not. As the saying goes, don’t imply malice where incompetence suffices.
That is awesome, fully electrified, like Bitcoin. Just make sure not to fill it up with electricity generated by non-renewables.
The point is not to get rich, it’s to not get poor because the fiat system bleeds to death. Think of it as an insurance.
Meanwhile :
Only a few posts after :
Stay off the drugs, then come back and post. Your mind is destroyed by the ‘custom’ painkillers the ‘evil gubernment doctors’ won’t give you. Scroll back, don’t just make up things I did not post.
Yes, because you said :
Then again you’ll say anything. BTC mining is money, money gets you drugs, drugs make you do bad things and loose money, you need money again and BTC mining is money… and the cycle repeats. That’s why you go on all the boards begging people to invest in BTC so you can sustain your “healthy self-prescribed medication”. Imagine if you would not have the privilege of living in a country that has a free NHS… just imagine that.
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“cryptocurrencies don’t require government backing, while fiat currencies depend on it.”
So you won, Klaus will be supreme chancellor of enterprises and BTC will be used everywhere and you’ll be rich and happy. That’s awesome. Since I diversified but not in crypto I might be okay. We’ll see.
Now what would happen if fiat currencies die? Those are STATE BACKED currencies? Well, they never do. The german mark simply went back to being backed by gold in 1923. That’s it. They could not pay back the damages for the treaty of Versailles (either the west or Russia will have to sign a new one for the current war) A few treaties later and receiving loans from the U.S. they started to restore the industrial power they once were. See, they did not need an imaginary coin (or it’s equivanent in that time being some Austrian painter) to save them. Governments can make deals. Deals aren’t fun or nice, but it makes it possible to have a new world order. Imagining BTC would be the new world order is funny, so I hope you didn’t put too much hope into that.
Economy did not fix itself, governments and very rich people made deals to get the economy functional again.
And you will eat zhe bugs, and you will like zhe bugs!
I don’t say you should diversify into Bitcoin, but just think about it this way, it’s 1. and insurance against the fiat system failing and 2. a diversification into an entirely new uncorrelated asset class. I’m pretty sure at some point even the classic financial advisors will add that to their recommendations. And on top of that it’s an extremely asymmetric bet, even a 1% allocation can be enough.
Oh we already have many examples of fiat currencies dying. They die all the time.
You mean after the Weimar Republic, which is a leading example of how to do fiat
Oh yes, they do. I’m not sure why you think that is a positive. It may have worked out in a couple examples in the western world. But the IMF and the World Bank are basically practicing a new form of colonialism with this loans. Where they go into countries, give loans and then in order for them to pay it back they completely restructure the local economy to export goods we need. We basically printed fictional money to get the third world into a dept spiral so we can rob them of everything, their food, their labor, and all their natural resources. It’s an absolute disaster! They f-ing die of hunger so we can eat shrimps and complain why we can’t heat our homes to 24C because we have an energy crisis that is a minor inconvenience in comparison!
Imagine the third world with all their energy resources would suddenly have an advantage at getting money by mining Bitcoin, a currency they can use to buy on the global markets without having to ask for dollar loans so they can participate in a rigged system. Yeah, imagine that.
The economy isn’t fixed at all. It is in an extreme dept spiral. Governments all over the world borrowed money from the future to pay for things, that is exactly what happens when you do fiscal deficit spending and always get new dept to pay for the old one.
This can’t go on forever. There are only two ways out of this situation. 1) inflate the debt away at a rate that is tolerable in the short term by the public but will lead to massive poverty for retired people (because you inflate their savings away if that wasn’t clear), or 2) collapse.
My bet is on 1), so while we may see a short term reversal of inflation, in the long term it is not going away, it will be with us as long as the fiat system exists. It’s a hidden tax, one they don’t need to go trough the uncomfortable democratic process for.
And Bitcoin is simply the peaceful way to opt-out of that ■■■■. It’s as easy as that.
And apart from that, it’s a superior fully automated financial system on top of that, so I don’t even need any of the above to happen to still being confident that this is the right choice.
Please don’t buy Bitcoin.
Abuse huh, yes this will really help you get your point across.
It’s a fact, everyone is free to buy BTC to use in a transaction or Trade with it for profit. pretty much the reason why I said;
Not sure what drugs has to do with this, No, I have not begged anyone to buy BTC, You obviously have reading difficulty because you can’t seem to see where I’ve implied for investors to be careful when buying BTC and have a good understanding of it before doing so. You seem unable to read and understand basic english statements that are right in front of you.
This, you hit the nail on the head, this is a true description of how the world is today.
Some way, some how, he will find an argument with this.
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Then do nothing.
Maybe go read about the things you comment on before you join a discussion
I hedge against it by buying Bitcoin. But I do certainly nothing to rescue it, if that is what you mean
Sadly that is true. Look, despite my character image, I’m a middle class white guy in a rich country who profited from all this exploitation, while not even aware of it. It’s an insane crime what happens there and I seriously hope that Africa can decouple from the fiat system and actually take the position they deserve back on the world stage, as one of the richest places on this planet. They certainly have all the resources to do it. It should be the center of our civilization given all the riches they have and the fact that we all originally came from that place.
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