Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.
Gold and silver are still shiny in the dark. What happens to Bitcoin when the lights are out?
like the EMP dark out
Use a torch.
I tell you what, next time I get a power outage I'll plug the kettle into some gold and see if I can get it to boil some water.
I like the bitcoin = internet 2.0 comparison. But I also like that I can surf the web at minimal cost without owning a piece of it...
Won't work, but I'm sure you can exchange it for a hot meal instead
As long as they don't need power to heat it then I guess you're right.
I'd probably just use cash anyway.
China BITCOIN EMPIRE threatens climate targets?
China’s VAST crypto-mining operations are endangering Beijing’s efforts to go carbon-neutral by 2060.
As things stand, China:
- Powers 80% of global blockchain operations
- Will produce over 130 MILLION tons of carbon emissions by 2024 - equivalent to total output of Italy or Saudi Arabia
- Uses coal to power 40% of its Bitcoin mines
Will cheaper clean-energy prices be enough to make China green? Or will Greta just have to buy into crypto???
"While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. CoinDesk has been unable to independently verify any pending government action."
Speculation on what is causing the sudden crash this Sunday the 18th of April, after the Doge rocket ran out of fuel.
Edit. I think this is the spark which sets off the recent crash. Whales probably using the bad news to shake out those leveraged too highly.
More retail lambs to the slaughter. Let me bring out my tiny violin.
It crashed? LMAO.
If you’d held crypto you could’ve used it as collateral and bought yourself a full sized one.
Definition of Crash from Investopia (definitely not gold standard)
"A crash is a sudden and significant decline in the value of a market."
No definition of significant
What other word would you use to describe perhaps.
"Today's Downward blip"
From Coinmarket cap "The global crypto market cap is $2.05T, a 9.63% decrease over the last day"
Just your typical garden variety crypto volatility.
Good time to buy.
Actually "flash crash" was the Lingo i was trying to think about before.
Exactly what I was cautious of..... Gubmint regulation to take back control.....
@wrcmad, I wouldn’t worry about it, just your run of the mill FUD.
Get onto DASH before it moons.
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