Bitcoin Forum

https://i.imgur.com/JBefSpi.png

https://www.youtube.com/watch?v=Zwx_7XAJ3p0

Today I heard about the news that Elon Musk is going to put doge on the moon and I am waiting to see if it will be like what he said or not. Another big and exciting event I'm looking forward to.

jack dorsey is trying to merge his 'square' and musks x.com business history to have been around and slightly involved in the bitcoin community in 2009

lol
its like they want to re-arrange history to act like they were influencers from the start

It is an interesting take by Elon with regards to Tesla saying that 'Tesla will be resuming BTC payments' but on the stand of renewables backing up to 80% of it BTC mining energy usage with an increasing trend on this.

In terms of the types of renewable energy sources he places a greater emphasis on both geothermal and even nuclear energy.

What are your thoughts on this, can BTC mining become mostly renewable, how long do you see this taking, and what will be its main energy source?

Is this meeting have anything to do with the market reaction! Yesterday btc was below 30k but right now it looks like the price is slowly going back up, am really hoping btc will pull another surprise on us and do another run before the year ends, I can't to see more green candles again, there have been too many red, it is time to experience another price pump.

zoom out.. stop caring/worrying about the hourly movements of under 10%
it might look like large climbs on a hourly chart.. but on a weekly/monthly chart its just another wave in the ocean

Everyone wants to be the father of all deeds from the start  :D.

I was expecting this from Elon, after his dramatic turn burning the market and now a green energy savior in the making, he is full of shit.

This meeting has everything to the market turning green and moving up and the speech of Elon as if he is holding ETH and BTCitcoin is the reason for  the market turning green.

At least Elon didn’t play up & try to spread FUD. Other than that, nothing overly positive was said & tge price is unaffected. Bit of a nothing burger in reality.

oh shit i had forgotten it was today, now i understand all the weird volatility that had today, the saddest part ( i say sadder because all this elon musk drama is already sad because it only causes disruption in the market ), but back to the saddest part Is that in the comments on youtube people are putting pictures of rockets, they are talking as if elon musk is going to make the price of bitcoin have a super price increase, people are calling elon musk  doge father, and it is a shame that we are seeing this type of things


24h Low 
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24h High
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definitely this volatility has to do with this event, unfortunately

The price will react in a couple of days not everyone will see watching this live because of different time zones but I think it will be going in a upward trend instead of a downward one based on what was said not a lot was said you are right but it was more positive than negative I think.

All of the conference participants had something of value to share.

Jack spoke a lot about Bitcoin and its open-source properties and how that will translate well across many industries.

Elon did not attempt to pump anything including doge. His greatest contributions to the conversation came when they were discussing renewables and how renewable energy could work its way into Bitcoin mining. While also identifying some of the major hurdles.

Cathie Wood expanded on various concepts discussed during the conference adding her angle to many controversial topics.

The moderator did a great job of keeping the conversation relevant and to the point.

Overall, the conference was very informative. Especially for people who needed the education. I will note that while many of the talking points have been discussed thoroughly elsewhere, it was nice to get the spin from some of these names.

it takes time for new investors to get their fiat into an exchange and then buy bitcoin..
. stop trying to spot social trends in minute/hourly charts

i didnt think of it as  the normal pomp and flare of a conference we're used to.. it felt more like a celebrity edition of 'lets talk bitcoin' podcast. but yea getting some big names talking is to be considered an 'event'

Am surprised to see some people still showing interest in Musk's views after he literally exposed his manipulation tricks in recent times.

He is probably waiting for the BTC price to continue falling so that he can scoop them up and sell them at a much higher price later on which is the smart thing to do basically. I doubt that he is actually serious about energy efficient mining etc.

I doubt that. This was a pretty simple conference and there was nothing special to help propel BTC and the crypto market in the upward direction which is why I disagree with you here.

he is much obsessed with his solar and wind ambitions of other countries because they need to store the volatile energy production to buffer it out over a 24/hour business.
so with his not so subtle plugs of his battery business.. he got his advertising quota in

he tried to not talk much about hydro. because who needs a battery when a reservoir is a natural energy storage.
he totally avoided the stats about how much hydro china has and where most asic farms are in those areas. all he did say is 'once i double check we might start selling cars for btc .. if the numbers check out

id say 80% of his talks was about battery storage and the need for it to be done due to solar/wind irregularities which is not good for asics needed 100% 24/7 guaranteed electric..

if he was really "natural" and into energy storage he would have considered and talked alot more about wave/reservoir hydro.. geothermal options more then just a passing comment(natures energy store).

I’ve been reading about nuclear plants beginning to mine Bitcoin. If this is the trend then I think that hitting his goals will be quite easy. Renewable energy is cheaper than it’s legacy competition now, so it’s bound to happen and is only a matter of time. It is nice to hear Elon state the number he’s looking for, and I expect we’ll be there towards the end of the year. I can see Tesla resuming BTC acceptance and an SEC ETF approval being major catalysts for the 4-year bubble top many are expecting in December.

it may have an impact, but i believe very minimal. i do agree with you, nothing significant has been discussed. and it says that tesla "would most likely resume accepting btc for payments." so they don't have final decision yet. and with regards to dorsey, when elon asked about the possible acceptance of btc from twitter advertisers, dorsey has no final answer as well. though there is some positive influence in the market, but i guess, it will not be that big. because no big announcement had been made.

Elon's angle on nuclear energy is something I found fascinating. It would be great because it would be able to handle the constant need of energy that ASIC's require. Not to mention its insane renewable properties.

Are there any Bitcoin mining facilities currently running on nuclear energy?

yes ofcourse yes
nuclear has been around longer then wind and solar

Yes..that is quite clear. I am asking about Bitcoin mining operations running off of nuclear energy. Are there any that do this?

Not yet, but soon, this early december might be the very first with Standard Power partnered with Energy Harbor (souce (https://www.prnewswire.com/news-releases/energy-harbor-partners-with-standard-power-to-provide-carbon-free-nuclear-power-to-new-ohio-bitcoin-blockchain-mining-center-301331473.html))

Also  Compass mining with Microreactor (http://ttps://www.coindesk.com/bitcoin-mining-firm-compass-inks-deal-with-nuclear-microreactor-company-oklo) in year 2023 or the next year.

And Ukraine plans huge cryptocurrency mining data centers next to nuclear power plants (https://www.datacenterdynamics.com/en/news/ukraine-plans-huge-cryptocurrency-mining-data-centers-next-nuclear-power-plants/).

i live in a nuclear region..
.. just saying

I have seen that The BTC Word conference has been positive, the market has shown its reaction.
I don't know guys, it occurred to me that this conference was created to ease the rough edges between Elon Musk and the bitcoin community.
I imagine you noticed Elon Musk's t-shirt, "The Evolution of Money." BTC


I like the initiative to carry out the B Word conference because all the participants had a masterful intervention as I can read in some comments.

IMO this conference can reach many people since it is news in the digital media and could publicize the benefits of bitcoin as we see it now and in the future.

https://www.newsweek.com/b-word-conference-live-elon-musk-jack-dorsey-talk-bitcoin-1611937 (https://www.newsweek.com/b-word-conference-live-elon-musk-jack-dorsey-talk-bitcoin-1611937)

When Bitcoin falls or rises, I sneer at Musk. Encryption does not require Musk or anyone who thinks it can play the crypto market. They have billions. They don't care if the cryptocurrency falls by 90%

me personally after what has been done so far with @elonmusk, then there is nothing I can do to be able to trust what will be done, now or in the future. for me any action @elonmusk will not fix anything that will happen, only confuse and benefit personally by damaging. things that are not good for the future for the development of crypto in general as well as the future. there's nothing else I can trust from someone like @elonmusk.

as usual, it was like this a few weeks ago it was also like this and like it or not the Elon supporters are still there so when the billionaire discusses a coin he immediately buys it without thinking about it and without research first :)
but after the event is over everything will return to normal. don't be too fooled and hope on others, especially billionaires :)

I remember there was a lot of news even in 2019 about Russia opening nuclear plants specifically for cryptocurrency mining and other tech operations. Like there were a few old nuclear plants and they designed a new one just to attract these kinds of companies. I wonder what happened to them?

See this: https://www.coindesk.com/a-russian-nuclear-plant-is-renting-space-to-energy-hungry-bitcoin-miners

But these are the guys that don't really have something to do with Bitcoin except they have money and want to make themselves relevant when it comes to this new innovation that is taking over. And what is worse is that they are believed by the people. Is anyone having a hard time how Elon speaks, he seems to don't know what he is talking about but just keeping thee mmm and ammm rolling.

With nuclear power plants start mining, are mining farms and pools today going to last still?

Why is everyone so focused on price? Bitcoin is greater than the price or a temporary decline, the price has collapsed by more than 90% several times and the popularity of Bitcoin is still strong so there is no need to fear.
It's the first time I've heard good discussion on so many points other than trying to change them history (they've known Bitcoin since 2009 or 2011) they've talked about very good points.

Unfortunately, none of them focused on the aspect of privacy or promoting decentralization, which is something that should be seriously addressed to everyone who wants to invest.

The neverending and eternal question in Crypto.

At least with Bitcoin you do have good users every day,,, some building the tech, others securing the network, and then the little people just using and transacting and slowly building fundamentals of adoption with their individual acts.

Taproot is the result of the privacy aspect discussion though is it not?