ENERGY

pazsworld

>PERFECT ENERGY as it pertains to the current knowledge that we understand with relation to energy and the movement of.

pazsworld

BTC is perfect energy: BTC = MC2 When Einstein developed the special relativity as it pertains to Energy. Money is energy. The word currency comes from the Latin word Currere which means to run to flow in movement. All forms of energy are associated with motion. Energy in physics is the ability to do work and the process of that work from point A to Point B and how it expends that energy is recognized as "C2 ". The speed of light squared. The energy of transactions from point A to Point B at the speed of light losses (ZERO) energy! It doesn't matter whether point A location is NYC and the receiving location is in Tokyo there is zero loss of energy. In the BTC example (1) satoshi will always be 1/100,000,000 of (1) BTC. (1) BTC will always be 1/21000000 of the BTC Mass which is recognized as (M"). No matter how many transactions of BTC movement it will always be equal to its original value as it pertains to the BTC mass. Hence, PERFECT ENERGY as it pertains to the current knowledge that we understand with relation to energy and the moveement of. Cheers

EvilBeanz59

Here in the USA. The energy cost was almost 4x last year. Way before all the bs with Russia. Like I said. It's a factor. But printing money is the main factor. The USD is the global currency at this point in time. (look up the Petro dollar to understand more). With that comes major inflation for everyone since the USA printed almost 35% of TOTAL CURRENCY IN HISTORY of the United States. That inflation is felt around the world. People in the EU and others may be more directly affected by the ENERGY crisis but like I said before, the MAIN driving factor is the global INFLATION from the money printed from covid and them propping up the economy from failure.

AndBoundless

LMFAO? Yeah ok.. Yeah unless you have an econ paper (a reputable one) you wanna source which ties "printing more money", I'm gonna call bullshit on your crypto dweeb callback of "bEcAuSe GovErNmentS pRiNt MoNey". I said the cost of ENERGY is rising because of RUSSIA, not because of inflation. Inflation is HIGH but a 2x COST IN ENERGY does not result in INFLATION. JFC.

Yomiel94

>I've never disagreed with this. Of course you can't buy something that doesn't exist, but that does not make you poorer. Of course it makes you poorer. Having less material wealth is being poorer. This is not relative. You developing some great new technology isn't making my food less calorie-dense. To say net wealth is constant is not useful, intuitive, or grounded in anything real (which is ironic if we're using physics analogies). >I'm measuring wealth as how much monetary energy a person owns, or more specifically, how much monetary energy is stored in the things they own. DEFINE MONETARY ENERGY. You keep defending this construct by invoking it. What I'm getting from this is that it's a quantity that conveniently is always equal even though its embodiments actually vary tremendously in the aggregate in terms of their contributions to human flourishing. Which, I mean, ok, it's your concept. You can define it however you want, but it doesn't seem salient or even internally consistent as you've described it. >The painter does not end up with less, he ends up with a TV that's worth twice as much. *Worth twice as many paintings, which he had to give up to have it*. The TV is still just a TV. All that's changed is that it now entitles him to one extra painting *which he had to give up to have it*. He is by any sensible definition, poorer now, because that painting, unlike a currency, had actual utility. >You agreed with me that if you half the number of dollars, you double the value of each dollar, but you don't understand that the same applies to TVs That's not the point. It's not about the value of other commodities in terms of TVs, it's about the value of TVs in terms of other communities. The absolutely crucial bit in understanding the distinction between these hypotheticals is that the dollar has no *intrinsic value*. You can play whatever games you want with dollars and the actual wealth of your economy is clearly preserved. That's not true of actually useful commodities. I think this at its core is where the confusion is coming from. I agree with you that printing *money* can't create actual value on net, but you've overextended this observation.

SeptimusSeven

You, and like 500,000 other people have said this same thing. You have missed my point. BITCOINS ENERGY USE IS PARABOLIC.

Olmops

No, the difference here is that the 160,000TWh+ are total ENERGY consumption, not just electrical power. That's everything, including gas, oil... What you possibly mean is electrical power, that is a factor 6 or 7 less. Bitcoin might have used 0,5-1% of global ELECTRICAL energy consumption when the BTC price was way higher (power consumption scales with BTC price). During the bear market it should be lower, so the ~0,3-0,4% we get when multiplying 0,05% by 6-7 are in the same ballpark.

Randrufer

This! They'll just say "THERE ARE SOOOO MANY POOER PEOPLE, WE HAVE NO ENERGY TO SPARE UNTIL EVERYONE IS OKAY" Works every time.

The_Realist01

GHEY’RE USING ALL THE GREEN ENERGY WE SAID WE WANTED THEM TO!! BUT IM ANGRY BECAUSE NOW I CANT! Grrrrrrrrrr

Cryptizard

>excess renewable supply which are unstorable This is the crux of your entire argument which you did not provide any evidence for at any point. You are just saying over and over "well throw around a lot of extra money and then back it with the bitcoins you can mine with free solar energy whoooooo." You are the one not arguing in good faith because you do not EVER back up your arguments except with your own off-the-top-of-your-head nonsense. Once again, for the third time, my initial claim was that new renewable energy is cheaper than energy from fossil fuels. Which I backed up with a citation. Which you never argued against. You are the one that started making random claims about energy oversupply which you NEVER backed up with anything. And finally, I will reiterate what I said before: if solar energy suppliers can use their excess energy to mine bitcoin and it is profitable, then WHY WOULD THEY EVER SELL THAT ENERGY. You think you are making an argument for expansion of renewables but actually you are just making a self-fulfilling argument for bitcoin mining.

alterise

> WOULD YOU LIKE ENERGY HEALING LESSONS FREE? wtf is that site?

xGsGt

Yet it's not energy, you know energy like in matter relationship, you can't just go around and put your nonsense ideas of believing Bitcoin is energy, Bitcoin is money and it's used to transfer value, ITS NOT ENERGY

TheLeon117

>If you nail 2 planks together you are using energy, but you can’t then use that energy to power a car. You can't use the exact same energy but you can use the same type of energy in this instance the calories your body used to actuate your muscles. You can use that same type of energy to push a car hence you are moving and powering it much like hoarse powers a wagon. >EVEN THO IT TOOK ENERGY TO CREATE THE UNION OF TWO PLANKS IT DOESN’T MEAN THE PLANKS ARE STORING THAT ENERGY FOR LATER USE. Yes of course, I never clamed you could. You can however, use the potential energy stored in the wood making up the planks to evaporate water and power a turbine that could generate usable energy. In a similar fashion we burn coal. They don't contain that much potential energy so you my not get enough to power a car. You do understand energy conversion right? By your logic how does the wind power a Tesla? Do you fan the Tesla until it moves or charges? How does the sun do the same? Do you have to let it sit in the sun until it charges (you could if you have solar panels installed on it)? You do under stand the difference in the types of energy right and how to convert one form to another to obtain usable energy right? Unless your don't and your clearly don't. BTC itself is not stored energy, but if you find someone willing to take payment in BTC you can obtain different types of energy such as labor, gas, you name it. So you are converting one type of energy to another using BTC hence why you can say BTC stores energy.

pascualama

Lol. Just say you don’t understand the laws of thermodynamics no need to write all that. If you nail 2 planks together you are using energy, but you can’t then use that energy to power a car. EVEN THO IT TOOK ENERGY TO CREATE THE UNION OF TWO PLANKS IT DOESN’T MEAN THE PLANKS ARE STORING THAT ENERGY FOR LATER USE. So quit it with that bs, everything is energy, yes, but not everything is a store of energy in the way we use the words store and energy.

Ultimate_Pickle

Energy, fuckwit… ENERGY cannot be destroyed only changed. Carbon is an element. Jeez, I’m so sick of idiots thinking they are clever, and parroting dumb shit they have read from somewhere. Probably why you don’t think power companies are screwing you. I’m done with you. Go away with your stupid ass. GTFOH 😂😂😂

HH0115

Don't worry they print the paper dollars using GREEN ENERGY so we don't need to count that energy either.

grndslm

USD is backed by PEOPLE (Federal Reserve, US Military, US corporations, US citizens, etc.) BTC is backed by impenetrable, unstoppable, uncorruptible MATH *AND* ENERGY. Truly is the perfect form of money...

Fireflyfanatic1

My curiosity tells me as ENERGY cost continues to go up and values continue to drop the mining backbone of most Crypto will disappear. Not sure what that would result in but it seems to effect much of the system.

turick

Sorry dude, humans use energy. When we deem something important, like a hospital, we'll consume energy. There is nothing inherently wrong with that. If you don't understand what value bitcoin brings (because you're surely living the life of luxury in a 1st world country), then go watch the videos from the Oslo Freedom Forum that just took place. But let's talk about the fact that the current tyrannical monetary system uses way more energy than bitcoin. CHRISTMAS LIGHTS USE MORE ENERGY THAN BITCOIN. Bitcoin is reducing tons of CO2 and other pollutants from gas flaring. The only thing this planet can't take any more of is fiat printing to expand economies and production limitlessly for eternity. That is unsustainable. Bitcoin fixes this.

TitaniumDragon

> All of what you said can be applied to the internet itself. No, it's not. The Internet is a medium of communication and is actually useful, as it can be used to generate value. Bitcoin is an obvious Ponzi scheme. > Time is money friend, in other words ENERGY. Incorrect. Time is valueless. Time is only valuable if it is put to use creating things of value. The same applies to energy. Energy spent on useless things is wasted. > If you don't understand this basic principle of economics, and the entire social construct of currency, money, value... You're wrong. You are suffering from one of the most common misunderstandings of economics - the notion that spending effort on something makes it valuable in some way. It does not. "Sweat of the brow" is irrelevant to value created. It doesn't matter how hard you work at something worthless, it's still worthless.

No-Fee6610

Point 1: That is comparing apples with juice production company Point 2: IT DOESN'T FUCKING MATTER IF BITCOIN USES A LOT OF ENERGY. A TRUSTLESS, UNINTERUPTABLE, UNCENSORABLE, UNINFLATABLE, WORLD WIDE PAYMENT SYSTEM IS WORTH ALL THE ENERGY IN THE WORLD.

Mallardshead

You're trying to understand a deflationary system through an inflationary lens because that's what college economics textbooks and a clueless professor said. Let me try and set the galaxy view: **1990s** Internet is deflationary. How? It's created an overabundance of information OUTSIDE of ever shrinking hard drives and silicon. We crammed entire libraries, universities, and the whole of known human history in there. Then we scaled the velocity of that information with cables, wires, and waves to light speed, instant settlement, and almost for free. **2030s** Bitcoin is deflationary. How? It's creating an overabundance of goods and services OUTSIDE the money. We're cramming more and more goods and services into the money and anytime new ones are added to the economy, they go in there too. We scaled the velocity of money to the velocity of information the internet achieved using the internet's infrastructure, with light speed, instant settlement, and almost for free. When everyone got connected to the same payment network, BTC protocol disappeared into the internet stack, like HTTP protocol, SSL, DNS, UDP, STMP, or TCP. And then arbitrage of the global economy began. ...but there's a trick--energy. You see, few people understand that you can never create an overabundance of goods and services without an overabundance of ENERGY. And energy is precisely what bitcoin exploits to secure its ledger and control issuance with ever shrinking silicon and efficiency. Already this early on it can subsidize flexible load energy of grids in a way that has never existed in history. Heretofore, the only way to subsidize renewable energy has been government manipulation of the tax code (very free market right?) with credits, import duties, and write-offs. This is disastrous because the more flexible load added to a grid, the cheaper the energy gets, especially off-peak. None of these renewable companies are even solvent without government intervention and will sell into the grid at negative rates, which make this energy the purview of select 1st world countries. Bitcoin can now step in anywhere in the world and subsidize all off-peak renewable base load and flexible load energy. And anytime grid demand is high, an entire mining operation can shut off in under 30 seconds, and restart in under 30 seconds. All of this reduces the cost of energy dramatically (as we've seen in West Texas already with the Ercot), keeps grids close to 60 Hz, and is pumping renewable companies with cash which finds its way to their R&D. So what you think things will cost in the future with an inflationary system, won't in a long dated deflationary system. You've also assumed a robust credit market won't develop around bitcoin for some reason or other. Because when it's absorbed enough trust (value), its confidence curve (volatility) will flatten. Then add in ever decreasing issuance for less volatility. It likely tracks global GDP. And if that overabundance wasn't enough, imagine the demonetization of the political class where major wars are no longer possible because there's no more printing/minting. That cracks military industrial complexes, leaking enormous amounts of time, resources, and **energy**, back into the economy, in a wealth distribution scheme at odds with robbing Jeff Bezos to give his money to people that will give it right back to him. So as a person with a post-grad economics degree myself, I'd suggest you toss the legacy economics texts that talk of all the novel ways to manipulate centralized inflationary systems to do the bidding of governments. It's *passé* and rapidly losing relevance. The next hyperinflationary even, will be the world's last. # ∞/21M

Motofiction

"BITCOIN MINING POWERED BY RENEWABLE ENERGY IS THE FUTURE OF NIGERIA" Wordings like this is why many reasonable and self thinking people hate crypto and bitcoin expecially.

justplaincrypto

All of what you said can be applied to the internet itself. Therefore the internet has no value. Time is money friend, in other words ENERGY. If you don't understand this basic principle of economics, and the entire social construct of currency, money, value... Then I expect you collect a lot of government checks.

icedank

I am mortal, and will die, but Bitcoin never will. It’s E=mc^2 run through a cryptographic algorithm. It is immortal. You could nuke half the planet, but if a handful of survivors can connect their nodes together it goes on, forever. Remember back in the OG Transformers cartoon, they were always fighting over energon cubes? And on Star Trek, the perfect example of hard money is the Ferengi Gold Pressed Latinum? BITCOIN IS GOLD PRESSED ENERGON CUBES! IT IS THE FUSION OF CONDENSED ENERGY AND HARD CURRENCY!

Plastic_Feedback_417

Electric cars use MORE ENERGY! You are obviously not an engineer. LEDs wasn’t a technological change. When going from candles to electric lights you will use more energy. Obviously optimizations within a technology will improve over time. Just like bitcoin gets more efficient over time with optimization of the code, optimization of the chips, etc.

eqleriq

It's not a "moratorium on non-renewable mining." Read closely. No mining is "suspended," they just won't issue permits that seek to expand. ​ § 19-0331. MORATORIUM ON AIR PERMIT ISSUANCE AND RENEWAL. 1. FOR THE PERIOD COMMENCING ON THE EFFECTIVE DATE OF THIS SECTION AND ENDING TWO YEARS AFTER SUCH DATE, THE DEPARTMENT, AFTER CONSULTATION WITH THE DEPARTMENT OF PUBLIC SERVICE, SHALL NOT APPROVE A NEW APPLICA- TION FOR OR ISSUE A NEW PERMIT PURSUANT TO THIS ARTICLE, OR ARTICLE SEVENTY OF THIS CHAPTER, FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY CRYPTOCURRENCY MINING OPERATIONS THAT USE PROOF-OF-WORK AUTHENTICATION METHODS TO VALI- DATE BLOCKCHAIN TRANSACTIONS. 2. FOR THE PERIOD COMMENCING ON THE EFFECTIVE DATE OF THIS SECTION AND ENDING TWO YEARS AFTER SUCH DATE, THE DEPARTMENT SHALL NOT APPROVE AN APPLICATION TO RENEW AN EXISTING PERMIT OR ISSUE A RENEWAL PERMIT PURSUANT TO THIS ARTICLE FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY A CRYPTOCURREN- CY MINING OPERATION THAT USES PROOF-OF-WORK AUTHENTICATION METHODS TO VALIDATE BLOCKCHAIN TRANSACTIONS **IF THE RENEWAL APPLICATION SEEKS TO** **INCREASE OR WILL ALLOW OR RESULT IN AN INCREASE IN THE AMOUNT OF ELEC-** **TRIC ENERGY CONSUMED OR UTILIZED** BY A CRYPTOCURRENCY MINING OPERATION THAT USES PROOF-OF-WORK AUTHENTICATION METHODS TO VALIDATE BLOCKCHAIN TRANSACTIONS.

Fosforus

Not even that. It's a ban on new permits for electrical generating facilities that provide power for POW miners ​ >THE DEPARTMENT, AFTER CONSULTATION WITH THE DEPARTMENT OF PUBLIC SERVICE, SHALL NOT APPROVE A NEW APPLICA- TION FOR OR ISSUE A NEW PERMIT PURSUANT TO THIS ARTICLE, OR ARTICLE SEVENTY OF THIS CHAPTER, FOR AN ELECTRIC GENERATING FACILITY THAT UTILIZES A CARBON-BASED FUEL AND THAT PROVIDES, IN WHOLE OR IN PART, BEHIND-THE-METER ELECTRIC ENERGY CONSUMED OR UTILIZED BY CRYPTOCURRENCY MINING OPERATIONS THAT USE PROOF-OF-WORK AUTHENTICATION METHODS TO VALI- DATE BLOCKCHAIN TRANSACTIONS. https://www.nysenate.gov/legislation/bills/2021/A7389

MIirror

Impose a tax just because you're using electricity for mining instead of general uses while STILL PAYING FOR THE ENERGY YOU CONSUME, this makes no sense

Hiddenorigin

Norway : "FUCK BITCOIN IT USES TOO MUCH ENERGY!!!!! Ok guys, now that we have banned bitcoin, lets send Norwegian CRUISE ships ALLL over the world burning fossil fuels. Since we saved too much energy banning bitcoin, we have enough resources to set up some chocolate fountains and midnight buffets to get our customers binge eating and drinking because that's not a waste at all. Also, we might as well just dump hundreds of thousands of tons of garbage into the oceans while we're out there."

Rough_Data_6015

DOLLAR/ENERGY is seriously depegging atm.

Hank___Scorpio

1: the amount of energy bitcoin uses is greatly exaggerated. How much energy does netflix use? Its probably similar but one creates the soundest money and one makes you scroll for hours before starting the office again. Bitcoin is a global system. If you compare any global energy consumption its going to sound crazy when you compare it to a small country. The same people talking about that said bsck in 2017, that by 2020 bitcoin would consume ALL OF THE WORLDS ENERGY. Yup they literally said that. Here we are, in 2022 with an all time high hash rate which may actually be speeding up the next halvening past previous expectations, consuming less than half a percent of global energy. The amount of capital that mining bitcoin at night from wind energy is going to put in the hands of green energy producers is going to be crazy as more and more start waking up to this. This is going to be a massive help in getting us to overbuild green energy. Bitcoin will not be the last energy hungry technology that your average person doesn't understand and complains about. When the internet came out people said it would destroy the environment through energy consumption. When email came out the post master General tried to lobby congress using the same bullshit narrative.

bonafidebob

> If they could mine and consume no energy, they would. That’s absurd! If I could get paid for doing nothing, I would too! They can’t, though. And I think you know that, so stop with these ridiculous statements already. If you’re as well educated as you say, then I’m sure you realize that miners *compete with each other* to close blocks. It’s a race. It’s almost a lottery, only the one with the biggest hashrate buys the most tickets. And what’s the biggest constraint on hashrate? ENERGY! Ding ding ding! Miners turn off their rigs when the return in mined coins doesn’t pay for them. Some of this call this a “cheaper to buy it” situation. But as soon as the price goes up, they turn the rigs back on and start burning the joules again.

centertown

Oh JUST TAKE OUT FOOD AND ENERGY! Of COURSE! How did I not think of that. What a buffoon I am, how silly of me. Thank god we have the gigabrains at WEF to point out these clear mistakes in our thinking

orbofdeception

bro what... man.. what happened to the old days where an ad is just an ad... use ALGORAND - Great fast decentralized crypto !!!! why does it have to be ALGORAND - Electric saving, BLACK ONLY SCREEN = WE CARE ABOUT ENVIRONMENT = SUSTAINING RENEWABLE ENERGY. Darkness means SILENCE AND CALM!!! LESS CO2 EMISSIONS WOOOOO jesus christ

Particular-Edge-7666

Stop trying to explain anything. Focus that energy on accumulating more. Then I'm ten years ask them all how much energy they are using to pay bills and day to day living.. Then explain how you get to do whatever you want with YOUR energy. And point out how much ENERGY they use everyday that they don't get any say so in. Energy... Depend on how you look at it I guess..

UpPooVowOuTedEd

Once again ETH & BTC I am asking you to: ༼ つ ◕_◕ ༽つ TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

grndslm

How can you compare ENERGY without comparing armored trucks, employees, employee energy going to from work, etc. There's much more to energy than face value electric costs. For the environmentalists.... [QUOTE] Galaxy Digital also showed that a significant part of the world's energy production is wasted — about 2,205 TWh per year which is 19.4 times that of the Bitcoin network. "Though the revenue associated with mining varies, miners have the luxury of flexibility, with the option to switch their equipment on or off at any time,” according to the report. “This makes Bitcoin mining the ideal energy sink: anyone, anywhere, can monetize excess energy by plugging in equipment and switching it off at their convenience. One example of where Bitcoin mining acts as an energy sink is in oil fields, resulting in a direct reduction in methane emissions." According to the report, oil fields currently generate about 40 percent of the world's energy. However, they also frequently produce methane as a byproduct, whose greenhouse effects are 25 times as environmentally damaging as those of an equivalent quantity of carbon dioxide. "Bitcoin mining offers a solution,” the report suggested. “Companies like Great American Mining, Upstream Data, and Crusoe Energy Systems are building infrastructure to capture this methane at the wellhead and use the otherwise-wasted gas to mine bitcoin. This means that oil producers can ensure a 24x reduction in emissions compared to venting that methane into the atmosphere.” [/QUOTE]

UpPooVowOuTedEd

Once again ETH & BTC I am asking you to: ༼ つ ◕_◕ ༽つ TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

Abwfc

Cars running on electricity... GREEN Best financial system in the world running on electricity... WASTE OF ENERGY!

Jxntb733

This article is written by a computer scientist, not an environmental scientist, or an energy scientist, and just does the calculations based off shitty current fossil fuel generators - SWITCH TO CLEANER ENERGY AND YOU CAN ISE MORE IF IT WITHOUT ANY ECO-GUILTY

UpPooVowOuTedEd

Once again ETH & BTC I am asking you to: ༼ つ ◕_◕ ༽つ TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

UpPooVowOuTedEd

First Monday of April, let's see this supposed annual April pump get going as soon as possible please ༼ つ ◕_◕ ༽つ BTC/ETH TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

Castr0-

Look at that graph; LOOK THE AMOUNT OF ENERGY BTC CONSUME. Incredible how someone say it is friendly to environment. /S

ThePiachu

> According to the Bankless Times, mining US$1 worth of Bitcoin uses 17 megajoules of energy, while digging up the same value of gold costs 5MJ. Mining Bitcoin is more ENERGY INTENSIVE per dollar of value than mining gold. Could it be because gold mining involves a lot of other things than electricity? Hmm...

evDev84

We headed up baby WOOHOO. HOLD ON TO YER NUTS. We're HEADED PAST THE MOON to the FIRST STAR ON THE RIGHT and on to NEVER NEVER LAND, where the food is MAKE BELIEVE and the kids laugh as they KILL PEOPLE! This pump's the CREAM OF THE CROP, an indestructible FORCE moving with PURE ENERGY, ROLLING TRANSDIMENTIONALLY against our humanoid hybrid overlords and their __FIAT MAYHEM.__

blueberry-yogurt

Yeah, it's some sort of "buy the coin to loan companies money so they can bulldoze their factories and install GREEN ENERGY SHIT all over!!!" Then the companies are supposed to pay the coin holders "dividends" from the vast savings that they achieve. At least until the day that Spain, California, Germany, etc. can no longer afford to pay out subsidies to people covering their houses in windmills, at which point the whole tax-subsidy scam collapses.

IFitStereotypesWell

༼ つ ◕_◕ ༽つ TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

IFitStereotypesWell

༼ つ ◕_◕ ༽つ TAKE MY ENERGY ༼ つ ◕_◕ ༽つ

realsapist

I posted this two days ago STOP TELLING PEOPLE TO AVERAGE DOWN OR BUY THE DIP WHEN RUSSIA HAS BOOTS ON THE GROUND IN UKRAINE AND GLOBAL LEADERS WEIGH SANCTIONS ON THE COUNTRY THAT SUPPLIES ALL OF EUROPE'S ENERGY FUCKIN WAIT YOU DAFT FKS YOU ARE GETTING PEOPLE TO LOSE MORE MONEY JUST SHUT UP AND WAIT

sandygws

>THAT SUPPLIES > >ALL OF EUROPE'S ENERGY Yes, you really are incredibly well-informed. For a 12 year old.

DearHair4635

Gas prices, as in ENERGY are the biggest expenses in winter months. US Dollar and oil/gas have been the inflation slider until….soon. Everycountry agrees, rightly or wrongly, that btc is a neutral currency as in not “made” by a country, nor in the control of a country. CBDC will be the new dollars(and every business will have their own crypto as you see now or take btc), btc is the gold/inflation slider /world reserve currency,Eth (layer 1 the wiring of the system)will be the engine, nft is drm, layer 2 is the assembly line in which normal people could now use a product because they were able to concentrate their labor in an efficient manner!

AlligatorDerby

The thing that always gets me: WHY ARE WE BLAMING THE USER OF ENERGY and not the PRODUCERS!! Blame the individual for your choice not to upgrade to sustainable power? YOu mean to tell me the high tech Future Wont use Energy? The conversation WE NEED TO BE HAVING is Cleaning up the grid. Not Punishing A Burgeoning next generation industry... Also, I feel like as a miner you have the ultimate incentive to go green: Free Money... Money doesn't grow on trees, but it can be minted from the sun.

koonface2787

Absolutely. Those that laugh and say what a bad idea it is fundamentally don't understand how energy grids work and what is needed in order for them to function properly. All the see is 1st principle ideas of MINING USE ENERGY= ENERGY USE BAD. indoctrinated NPCs are hilarious

frstrtd_ndrd_dvlpr

# **༼ つ ◕_◕ ༽つ** ## TAKE MY ENERGY

Hip_hop_hippity_hop

> What are you even talking about dude? My comment and the reply to it are clearly about ENERGY EFFICIENCY. Not sure how you think crypto being the MOST ENERGY EFFICIENT at what it does isn't a part of that discussion. > I have no idea how your reply contributes anything to that discussion. People aren't often this open about mental deficiencies Brave of you. >And this silly comment attempting some kind of "gotcha" is laughable. You don't know what you're talking about man. Yes, pointing out comparative energy efficiency in a discussion about energy efficiency is a "gotcha". LOL, I'd be unable to imagine this level of stupidity if you putting it out there.

godosomethingelse

What are you even talking about dude? My comment and the reply to it are clearly about ENERGY EFFICIENCY. I have no idea how your reply contributes anything to that discussion. And this silly comment attempting some kind of "gotcha" is laughable. You don't know what you're talking about man.

CognizantSynapsid

This plus the recent House Committee on Energy and Commerce session (“CLEANING UP CRYPTOCURRENCY: THE ENERGY IMPACTS OF BLOCKCHAINS") have me feeling OK actually

grndslm

Bitcoin IS the solution to the ENERGY problem. The narrative itself is a problem that can only be solved with education. If all miners turned off their rigs, power companies would still be creating the same amount of power. Miners are only making use of energy that would otherwise be wasted. Most miners have deals with the power companies that if their max generating capacity is actually being approached, then the miners will turn off their rigs... something that data centers cannot do. Bitcoin is the solution to END energy waste.

Ja878son

BIG COIN ENERGY right here

CoinCorner_Sam

[Yellow Rock Bad, Orange Coin Good: Environmental & Social Impacts of Gold & Bitcoin by Hass McCook](https://youtu.be/ns_I2LpeAbQ?t=26084) [Banks, climate change and the environmental crisis](https://www.ethicalconsumer.org/money-finance/banks-climate-change-environmental-crisis) [UK finance sector in top 10 for carbon emissions](https://www.bbc.co.uk/news/science-environment-57232646) [BITCOIN’S ENERGY USE COMPARED TO OTHER MAJOR INDUSTRIES](https://bitcoinmagazine.com/business/bitcoin-energy-use-compare-industry)

Flimsy_Card8028

Summary of hearing : MUH ENVIRONMENT. MUH GLOBAL WARMING. MUH ENERGY USE.

Vintage9999

Bullish on $ENERGY

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Post is by: SuspiciousEqual4965 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s14gvw/httpstmephantabearworldofficial/ PHANTA BEAR Play to Earn Game Official Group. What is PBworld? PBWorld will collaborate with ezek to develop a battle game on blockchain. Based on location, users participate with people around (LBS), and gain WEALTH, HEALTH, and SUPER ENERGY through card calculations. Every card is NFT. The game mainly serves music and entertainment. You will find infinite excitement and surprises in the game. Buy PWC link: [https://pancakeswap.finance/swap?outputCurrency=0x873d9a54c08b15b214d63b8fde933c282bab63f9](https://pancakeswap.finance/swap?outputCurrency=0x873d9a54c08b15b214d63b8fde933c282bab63f9) Website:[https://pbworld.io/](https://pbworld.io/) Discord:[https://discord.gg/czw4uCVy?event=930063799510265887](https://discord.gg/czw4uCVy?event=930063799510265887) Telegram:[https://t.me/Phantabearworldofficial](https://t.me/Phantabearworldofficial)  *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

dj_destroyer

Even if you had the money, you probably wouldn't be able to get ASICS so you're kinda right there. It's an important consideration but I'm assuming in this scenario that one already has mining equipment if they're mining Bitcoin. Ask anyone or any company that is mining what the most important consideration when mining Bitcoin is? They'll answer along the lines of thermodynamics. HEAT. WORK. ENERGY.

georgejetsonn

How could the current supply of a mineral that has taken centuries of ENERGY to mine double instantly?

inx_invert

Nuclear energy creates risk for mass destruction. Against oil companies but wind, solar, hydro is the way to go & IS THE ULTIMATE GREEN ENERGY.

inx_invert

Nuclear energy creates risk for mass destruction. Against oil companies but wind, solar, hydro is the way to go & IS THE ULTIMATE GREEN ENERGY.

G58989

Any time remember no matter the amount you invest and how hard you worked you are aiming to better yourself in the future! WE NEED THIS ENERGY MORE

Witty_Road5241

2022 will be the year of NO FEES, INSTANT TRANSACTIONS and LOW ENERGY COINS = the year of NANO !

ChefSuperb

Poor here also.This takes time and EVERY KIND OF PERSONAL ENERGY NO MATTER OF UP BRINGING,BANK STATUS OR EDUCATION.If you know YOU know.Time,Time,Time

One_Psychology_6500

Sp500 is over priced because it’s being used as a savings store of value due to the inability to hold inflationary fiat currency or the extremely overpriced fiat denominated bond market (with resulting terrible yields). Bitcoin is the ultimate store of value. It is personal property rights for all of humanity. For the first time in history, ENERGY+TIME=VALUE for all of us equally. Plus, property is so much more valuable than securities (especially a basket of securities where vanguard or black rock or fidelity controls your limited voting rights to the companies in the basket).

pazsworld

You might want to try to look at it as 1 BTC = 1/21000000 of the whole mass. It's perfection! Miners get it! There is value in Perfection. There is value "now" but more so in the future. There is safety in the knowing that BTC will never be processed to be anything other than 1/21,000,000 of the whole BTC Universe. Nothing has ever been anything created that doesn't ever lose or deteriorate from its original mass. BTC = PERFECT ENERGY It will always be 1/21,000,000 of the Mass no matter how many satoshi's are transacted. Einstein says ^(energy) (E) = MC^(2) BTC = MC^(2) where (M) = the 21Million BTC and (C^(2)) equals the friction less flow of BTC and Satoshi's that never lose their value as it relates to the BTC Universe.

James-the-Bond-one

"But it's pure ENERGY! The Immaculate Money"

cryptoham135

Oh dear someone doesn’t understand, if energy prices go up less energy is needed for bitcoin but THE VALUE OF THE ENERGY NEEDED IS STILL GOING TO CLOSELY MATCH THE VALUE THAT THE NETWORK IS REWARDING IN BITCOIN. My point is if the energy is as you’ve said scarce, until the profitability of mining bitcoin is as close to 0 as possible the network encourages using energy for bitcoin over anything less profitable with that energy. The more scarce the more expensive the energy? Well cheap energy is vital for literally the value of everything so someone loses out on power, most likely people that can no longer afford it…. Once again per the original comments leading to power outages.

Rboy1725

BIG DICK ENERGY. We all need to support each other ❤

Temporary-Welder7588

Check out This Machine Greens, only 40 mins and on YouTube. It’s amazing and helped my mom understand. It barely touches on the technical details and focuses on the history of money, characteristics of money, and why hard money requires ENERGY to create it. It asks: What is money? How does it work? What is its function in society? If you haven’t stopped to ask these questions, you can’t begin to grasp the weight of the problem bitcoin intends to solve. And without an appreciation for the problem, the cost to secure the solution will never seem justified. It ends by making the case that bitcoin doesn’t just use energy, it actually has the capability to incentivize clean energy to be set up in places where it would otherwise be uneconomical to do so. Please watch it. It is the only one that will get through to them.

TheNothing88

ENERGY!! Monetary energy

Rboy1725

The loopring folks are fucking awesome. LOVE THEIR ENERGY

yoyoJ

Board: You can’t just keep fucking hodling, you need to take short term profits and enrich us now!!! Otherwise, this is blasphemy, this is madness!!! Saylor calmly swivels around in his chair, fingers clasped... Saylor: “Madness...” The Board gulps... Saylor makes eye contact with his dog, and then glares darkly at the Board. Saylor: “I’ll show you madness...” *stands up and points at a projector on the wall that beams a chart with the number of US Dollars printed in the last few years Saylor then turns back to the room. Saylor: “Madness is inflating your currency until it’s worth less than sea shells...” *Saylor then calmly picks up a hard wallet Saylor: “but this...” *he smiles, the Board basically shitting themselves with discomfort now Saylor’s eyes suddenly light up Saylor: “this, IS A WALL OF ENCRYPTED FUCKING ENERGY!!!!!!!!” And as he shouts, electricity shoots out of his mouth and everyone and everything in the room explodes into a chart of BTC hitting 1 billion per coin as Saylor rides a fucking Viking ship atop the wave of progress with golden glowing eyes and the power of Bitcoin powering his soul

OperatorJo_

The hate is because of the same issue Discord had, misinformation. People started screaming "CLIMATE CHANGE, ENERGY WASTING. SCAMS!" A large potion of gamers are still anti-crypto and mainstream media, schools and the gov isn't really helping in dissipating these notions.

barbatof009

With all due respect sir, SHUR YOUR MOUTH. THIS KIND OF NEGATIVE ENERGY WILL NOT BE TOLERATED.

danda

thx for the recommendation. I agree with your statements. Not only do governments steal our TIME but really they steal our LIFE ENERGY through both taxation and monetary inflation (money printing). In this sense, they are parasites, akin to leeches, tapeworms, ticks, fleas, and lice. and deserving of the same respect, imho.

11yearoldsxqck

Every time bitcoin comes up on any normandy sub it's always a negative article. Every single time. And the comments read like they're on full copium. "IT HAS NO REAL WORLD USE IT'S A WASTE OF ENERGY!" Some soy quoted in 10 years reminiscent of early internet.

anon2414691

This should be easy to understand from just one first principle: there’s no such thing as a free lunch. If one is being rewarded for merely staking a digital token (read: sitting in their ass), then the reward has no real value (or, at the very least, the real value per unit diminishes over time). How are all lunches made? Work. The ENERGY from the sun created life, and that life serves as the building blocks of the BLT sandwich. Human time and ENERGY was required to cultivate and farm the ingredients of that BLT sandwich. Human time and ENERGY was needed to construct the machine which mass-produces the BLT sandwich. That machine is powered by electricity which comes from a source of ENERGY. How are Bitcoins made? With lots and lots of ENERGY and computation. (In fact, increasing amounts of energy). Real money of real value can only be produced using WORK.

IFitStereotypesWell

༼ つ ◕_◕ ༽つ BITCOIN TAKE MY ENERGY ༼ つ ◕_◕ ༽つ 🚀🚀 60 incoming !

Yeetasaurus1979

The RANDOM caps is REALLY big boomer ENERGY

Jacobgraham1738

USING ENERGY IS NOT THE PROBLEM. It is the fact that some energy used is still non-renewable, if our planet wants to survive we need 100% renewable energy so using energy should not be what we eliminate.

Randrufer

Seems to me like we have lots of mathematicians and engineers in Crypto. People who actually understand something about the world around them. Other than other "scientists" that get quoted on the daily news. I have a very good feeling about crypto, because it seems to be a melting pot of VERY smart people. And not Idiots who go "ZE ENVIRONMENT IS DIEING AND BITCOIN-SCAM USESES MORE ENERGY THAN ZE SUUUUUUN"

ze_monster

Cuz bitcoin isnt just a car company. Its an ENERGY company. Wait...

walloon5

Swedens' financial supervisor talking a lot of shit for someone who * wont have a job under a bitcoin standard * leaves Swedish hydropower looking for a base customer like bitcoin miners, who could be critical to getting a power station going, so that Sweden could get the electricity marshalled to get going on a conversion to electric steel making - green steel GEE, what will Sweden pick, having a bunch of bankers cry and wring their hands about the Earth - when in reality they are looking right at a BITCOIN WALL OF ENERGY, OR, will we have bitcoiners and EVERYONE ELSE, band together, energize this Earth, and switch over to clean power generation.

108record

# NANO — its potential is more than nano-sized \*note, this entry will be very technical as others have mostly described the practicality of NANO Nano (NANO) is a peer-to-peer cryptocurrency that operates on a [Distributed Acrylic Graph](https://www.wikiwand.com/en/Directed_acyclic_graph) ledger, otherwise known as DAG. It is directed at addressing blockchain scalability limitations that can result in restrictive fees and increased transaction confirmation times under load. Development of Nano began in 2014 by Colin LeMahieu, [under its original name of RaiBlocks.](https://www.gq.com/story/cryptocurrency-will-not-die) On 31 January 2018, [RaiBlocks rebranded to Nano.](https://medium.com/hackernoon/nano-rebrand-announcement-9101528a7b76) Nano was distributed for free through a Captcha-based faucet which started in 2015. [The faucet was shut down in 2017 after 126,248,289 NANO were distributed.](https://www.wikiwand.com/en/Nano_(cryptocurrency)) Along with a 7,000,000 NANO developer fund, this fixed the total supply to 133,248,297 NANO. As such — Nano has a number of advantages over its counterparts (this is primarily because of the DAG technology it utilises). These advantages include: # Nano's DAG architechture opens up infinite possibilities * First, it is essential to be aware of the types of Distributed Ledger Technology (DLT) * For non-technical person, [DLT is like a WhatsApp group chat.](https://ieeexplore.ieee.org/document/8672572) Once a message is sent to the group, the whole group become the witness of “what, who, when” of the message. As long as the majority of participants in the group chat are honest, this message will be safe and deemed as truth. * Architecturally, DLTs are categorised into two broad categories – the linear Blockchain and Direct Acyclic Graphs (DAGs). * I will now proceed to elaborate on DAGs, and, most imporatantly, their relevance to NANO. * As I touched upon in my [DAG pro-entry](https://np.reddit.com/r/CryptoCurrency/comments/og0ua2/rcryptocurrency_cointest_general_tech_category/ha09og4/), a DAG is a finite directed graph with no directed cycles, consisting of finite number of edges and vertices, where each edge is directed from one vertex to another, such that there is no path that connects a vertex V to itself. As such, **it is deemed co-operative rather than comparative.** **Got it? Okay, this is where NANO comes in.** * The NANO network is based upon a variation of DAG, in which a structure known as a 'Block Lattice' is used. * In a Block-Lattice network, every account [gets their own blockchain](https://docs.nano.org/whitepaper/english/) (account-chain) that only they can write to, and everyone holds a copy of all of the chains. The account owner can update its own account-chain asynchronously to the block-lattice. * Every transaction is broken down into a send block on the sender’s chain and a receive block on the receiving party’s chain. There are no overheads in non-conflict transactions and conflicts are resolved via balance-weighted voting. * The weight of a node’s vote is the sum of the balances of all accounts that have named it as its representative. The node keeps a cumulative tally for 4 voting periods totaling up to 1 minute for all incoming votes from M representatives and confirms the winning block. The most popular block will have the majority of the votes and will be retained in the node’s ledger. **YOUR SIMPLE TAKEAWAY — the fact that NANO utilises a completely unique block validation system paves the way for plenty of advantages that are exclusive to DAG blockchains.** ​ # NANO is one of the only 'true' cryptocurrencies (for mass adoption, at least) * NANO is simply superior to most cryptocurrencies in a number of ways. Some of them include: **TRANSACTION FEES** * Nano is a cryptocurrency with zero fees, relying on [Open Representative Voting for consensus and security](https://docs.nano.org/what-is-nano/overview/#representatives-and-voting). To be clear, the zero fees are [not due to some temporary subsidy](https://blog.nano.org/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f) — zero fees are built into the protocol itself. * This is only achieved because nodes are not compensated, while each individual transaction does most of the PoW calculations. Since it's only for one transaction, the simple & easy PoW takes milliseconds to complete. * The fact that nodes aren't compensated with NANO *may* look like a problem, but I will address this issue in the next point. **TRANSACTION TIME** * In addition to having the lowest fees, Nano also wins out in the time it takes to confirm a transaction, [clocking in at 0.34 seconds](https://nanocrawler.cc/network). Yes, that’s less than a second for an irreversible, full confirmation by a decentralized network. * Because transactions can never be reversed in Nano and because its consensus mechanism is so secure, [even exchanges consider it confirmed after that first second.](https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times) * That being said, I have previously experienced delays with NANO deposits to Binance. * Additionally, [as one Redditor stated](https://www.reddit.com/r/nanocurrency/comments/ksz0hi/all_the_benefits_of_nano_summarized/), "it \[NANO\] does one thing and does it well, so there's no risk of the network being clogged due to obscure applications." **ENERGY EFFICIENCY** * Each NANO transaction consumes just 0.111 Wh, while a single Bitcoin transaction consumes 651,080 Wh. * As such, one Bitcoin transaction is [equivalent to 6,000,000 NANO transactions.](https://np.reddit.com/r/nanocurrency/comments/lhveo4/bitcoin_vs_nano_power_usage_visualized/) **SCALABILITY** [A study comparing the real-word usage and scalability of BTC vs NANO](https://www.diva-portal.org/smash/get/diva2:1229650/FULLTEXT02.pdf) stated: * First off, as ***Nano’s protocol scales better in both latency and throughput,*** the way the protocols handle transactions seem to be the reason as to why this is the case. As found in the literature review, transactions in the Bitcoin protocol are recorded in a block and added to the blockchain, a global data structure, when a node has solved a PoW. Instead of a global data structure, Nano’s protocol uses a block-lattice structure where each node has its own blockchain in which transactions are recorded. This makes it possible to send and receive transactions asynchronously in the network Secondly, by relaxing the block interval in Bitcoin’s protocol we saw that the throughput was higher than the hard-coded limit in the Bitcoin implementation, indicating that it limits the scalability. We also found that the PoW in Nano’s protocol limits the number of tps that can be sent from a node, thus affecting the scalability. **INFLATION** * Since [all NANO tokens are already in circulation](https://www.wikiwand.com/en/Nano_(cryptocurrency)), no new tokens are being released and thus inflation is non-existent. **DIVISIBILITY** * Since each NANO token has 30 decimal places, even one NANO is enough to spread around the whole world's population. **DECENTRALIZATION** * Before considerin decentralization, [it is important to learn about NANO's consensus mechanism.](https://docs.nano.org/what-is-nano/overview/#representatives-and-voting) * Nano has a unique consensus mechanism called [Open Representative Voting (ORV).](https://docs.nano.org/glossary/#open-representative-voting-orv) Every account can freely choose a Representative at any time to vote on their behalf, even when the delegating account itself is offline. These Representative accounts are configured on nodes that remain online and vote on the validity of transactions they see on the network. Their voting weight is the sum of balances for accounts delegating to them, and if they have enough voting weight they become a [Principal Representative.](https://docs.nano.org/glossary/#principal-representative) The votes these Principal Representatives send out will subsequently be rebroadcasted by other nodes. * As these votes are shared and rebroadcasted between nodes, they are tallied up and compared against the online voting weight available. Once a node sees a block get enough votes [to reach quorum](https://docs.nano.org/glossary/#quorum), that block is confirmed. Due to the lightweight nature of blocks and votes, the network is able to reach confirmation for transaction ultrafast, often in under a couple seconds. Also note that delegation of voting weight does not mean staking of any funds - the account delegating can still spend all their available funds at any time without restrictions. * Because Nano accounts can freely delegate their voting weight to representatives at any time, the users have more control over who has power with consensus and how decentralized the network is. This is a key advantage to the design of Open Representative Voting (ORV). With no direct monetary incentive for nodes, this removes emergent centralization forces for longer-term trending toward decentralization of the network. As a result of this mechanism: * Minimal block size allows for lightweight communication resulting in ultrafast transaction confirmation times, as described earlier. * Without traditional Proof-of-Work and mining, nodes use significantly less energy per transaction than other popular networks. * Emergent centralization forces for node operators are reduced due to the near zero marginal cost of producing consensus in Nano.

alwalken

Except the miners are also admitting it: [https://imgur.com/a/fbaznRY](https://imgur.com/a/fbaznRY) Of course they will go ahead and compare it to the global ENERGY use instead of ELECTRICITY, and point out that they are powered by "50% renewables". Some people are now running around claiming that Bitcoin will actually save the planet because it creates incentives to build more green power plants, as if that wouldn't be true for ANY industry that needs electricity to run. Some people will even claim that Bitcoin stores energy. Its absurd. But you seem to be a few steps behind, still in denial about the actual numbers lol.

moonshipcc

Highly controversial, yet highly true. BIG ENERGY FOLKS!

Judges_Your_Post

༼ つ ◕\_◕ ༽つ BTC TAKE MY ENERGY ༼ つ ◕\_◕ ༽つ 

Remarkable-Cat1337

U are crazy to think that mining is a waste, ​ VIDEO GAMES are a waste, christmas LIGHTS are a waste, human culture and lazy preferences are a waste, without fucking mining there would be no real world risk to provide POWER to the network, thats why if any btc copycat enters the market, WHOS MINING? so its not secure ENERGY is EVERYWHERE and we as human shit we are just belive its fossil fuel, people who doesnt understand energy grids shouldnt be speaking about efficiency specially hidro and solar, NEVER EVER they cared about "ENERGY" it but when its a payment network they all go crazy ​ go annoy fish and meat eaters

what_no_fkn_ziti

>Lol at the dipshits being all MUH ENERGY BLACKOUTS Ok well you can quit acting like "#1 Bitcoin state" means anything either. He's a politician regurgitating a buzzword aimed at younger generation than his typical base. >as if their beloved California doesn't have rolling blackouts far worse than Texas. You do understand what a rolling blackout is? It's certainly not being without power for a week during the coldest storm in a decade. >But hey, whatever comforts the Californians as their state is literally on fire for half the year and they step over homeless people, feces, and heroin needles to get to work so they can pay $10k a month rent for their broom closet. You should also read up on the definition of the word literally.

Destroya12

Lol at the dipshits being all MUH ENERGY BLACKOUTS, as if their beloved California doesn't have rolling blackouts far worse than Texas. But hey, whatever comforts the Californians as their state is literally on fire for half the year and they step over homeless people, feces, and heroin needles to get to work so they can pay $10k a month rent for their broom closet.