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141  Bitcoin / Bitcoin Discussion / Re: Been left with my late uncle's crypto accounts - need some advice on: May 22, 2021, 07:38:49 PM
Oeleo has been a great help help to you Smiley  dont forget you can also watch some videos at youtube.  Bank accounts are set up where executor of an estate can access accounts with proof that was given from a court. I would think some of these crypto accounts would have the same thing you just have to provide proof you are now the owner of accounts and or are the executor of the estate. Then they would send you a link to create a new password.   I could be 100% wrong but worth checking into
142  Alternate cryptocurrencies / Altcoin Discussion / Re: What if Elon musk launches his own coin? on: May 22, 2021, 07:22:36 PM
If Elon launches his own crypto or gets involved with a cryptocurrency project, it doesn't necessarily mean that the project will do good or bad, the only thing that will worry me is that too many people will take his public opinions (tweets) as a signal to either buy or to sell the cryptos and that is not healthy for any business.
A good crypto project should have what it takes to withstand a FUD or shilling by its project members

Its always been that way, way back if JD Rockefeller said it everyone was on board, then it was Warren Buffet with Stocks, the world guru was Richard Branson before The new adventures of Elon Musk.  You are 100% right though it just shows how easily people are influenced by one person. 
143  Economy / Collectibles / Re: Pizza Day Raffle - We have our WINNERS on: May 22, 2021, 07:15:06 PM
congrats winners and thanks Steeley for the fun !
144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2021, 11:36:11 PM
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.  

A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for.

right they started out with massive mining outfits using Hydro power, however that was years ago so I was thinking more on the individuals that sprung up in a country that size mining from home the last four years or so.   
145  Alternate cryptocurrencies / Mining (Altcoins) / Re: Which coin I start mining on: May 21, 2021, 09:12:04 PM
Wait for bear market and buy three to four new graphic cards with that money, that's even if you've already own motherboard, risers and CPU if not you will be spending more

looks like a few more days then
146  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: May 21, 2021, 08:59:17 PM
Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?
Can you show some stats or numbers about such transition of people from gasoline cars to electric ones?

These vehicles represent the 250 million cars, S.U.V.s, vans and pickup trucks on America’s roads today. The vast majority run on gasoline. Fewer than 1 percent are electric.
https://www.nytimes.com/interactive/2021/03/10/climate/electric-vehicle-fleet-turnover.html

This is just a reasoning and just trying out to get bitcoins price to the floor. Energy consumptions issues? They should look on a bigger picture on which one
is consuming even more.

right but where did the money go?  This conversation is more about what the consumer can do when they form a movement, rather than crunching electricity numbers. All you have to do is look as TSLA stock price. $24 to $2,900 ( split adjusted) in 10 years and larger than Ford, GM and any other one you want to pick combined.

however here is a good read on electric vehicles and their future.

The latest report by Bloomberg New Energy Finance shows that by 2040, 58% of global passenger vehicle sales will come from electric vehicles. At the same time, they will make up less than 33% of all the cars on the road.

https://policyadvice.net/insurance/insights/electric-car-statistics/

147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2021, 08:45:25 PM
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities. 
148  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is this the end of the bull market of crypto? on: May 21, 2021, 08:25:45 PM
  BTC will settle into a range where nothing coming out of China will effect it with the exception of to the upside, it will just trade as though China doesn't exist.
My guess is 31k to 35k range trading
149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2021, 08:14:43 PM
So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.

Kinda seems that way now
150  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: May 21, 2021, 08:03:36 PM
Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?

I don't think high energy consumption will lead to Bitcoin's downfall sometime in the future. After all, the energy spent is being put to good use (by ensuring Bitcoin remains secure against external attacks). The same way gasoline-powered cars are still relevant even with electric cars in play, the same will happen with Bitcoin and altcoins. The problem is not Bitcoin's consensus algorithm, but rather ASIC hardware itself. It's up to mining companies to develop new ASICs with improved energy-efficiency. I wouldn't worry about energy consumption as long as the Blockchain remains decentralized and censorship-resistant. Just my opinion Smiley

I believe you are spot on with that, the computations can still be difficult while the energy demand decreases 80% or so from improved miners.   
151  Bitcoin / Bitcoin Discussion / Re: More China Craziness - "Cracking done on mining" on: May 21, 2021, 07:58:06 PM
China is completely a big joke, nothing different.  Grin  First they banned cryptocurrencies AGAIN and now they are cracking down on crypto mining. It is like they are at war against cryptocurrency industry.

That's probably just how they are looking at it
152  Alternate cryptocurrencies / Announcements (Altcoins) / Re: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 on: May 21, 2021, 05:19:03 PM
NEO 2.0, if I'm not mistaken, was postponed to June, given the market correction, I can assume that the update may be postponed again, and this will not be very good news for Neo holders. Over the past few years, we have not seen anything worthwhile from the team, what can you expect, can you share your thoughts?

isn't NEO a China based crypto  ?  This is going to be interesting to see how it holds up the next few weeks
153  Bitcoin / Bitcoin Discussion / Re: More China Craziness - "Cracking done on mining" on: May 21, 2021, 05:11:37 PM
I was just wondering why Bitcoin price has gone down below $40k again. And it looks like this is the reason. China is still continuing to manipulate the market by its recent actions. And I think that should be enough. They don't have another thing left to damage the market anymore.

good point !  I also think Elon is in the know with China and their stance on crypto. After all the fastest growing demand on his vehicles is from the Chinese market.
154  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments on: May 20, 2021, 10:45:48 PM
One of the biggest movers of the day and no chatter?
155  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: May 20, 2021, 10:26:22 PM
Coal – U.S.                         10,000    (32% U.S. electricity)

It is notable that the U.S. death rates for coal are so much lower than for China, strictly a result of regulation, particularly the Clean Air Act (Scott et al., 2005). It is also notable that the Clean Air Act is one of the most life-saving pieces of legislation ever adopted by any country in history, along with the Fair Labor Standards Act (1938) which established the 40 hour week, and Medicare in 1965.  Still, about 10,000 die from coal use in the U.S. each year, and another thousand from natural gas.

https://www.power-technology.com/features/nuclear-mortality-rate-safe-energy/

The good news is that in the U.S. the percentage of electricity that is generated from Coal has dropped below 20%.  As a matter of fact, I believe last year was  the first year where the percentage of electricity generated from renewables exceeded that of coal:

SourceBillion kWhShare of total
Coal77419.3%
Renewables79219.8%

https://www.eia.gov/tools/faqs/faq.php?id=427&t=3

I don't know if the relationship is linear, but if so then perhaps the U.S. death rate for coal is now down to about 6,000?

That would be great, yes the Combined cycle Gas Turbines have been springing up all over the last 10 years replacing many of the dinosaur coal plants. They just bulldozed down a 4 unit ( Plant Branch 1969) in Milledgeville GA  a few years back. The CCGT's are much cleaner and start up in a couple of minutes vs hours. There is still two monster coal fired plants in GA.  Plant Scherer in Juliette ( Largest coal power plant in the U.S. # 2 in power production)  and Bowen in Cartersville.  I was over a $85M environmental project there in 2016. Good to see the renewables climbed to 20%.. Solar farms are all over the south now. 20% is going to be about the top until battery tech catch's up.

anyway lemme run, I could talk about energy forever lol... I appreciated the comments from you all and remember I am not anti BTC Smiley    Just watching the world and trying to keep the investments I do have.
156  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: May 20, 2021, 10:23:30 AM
Most of miners uses renewable energy, I see no reason making it as big problem as it seen or talked by elon, not to mention if bitcoin indeed fall then it's gonna solve its own problem which is energy consumption since there gonna be decrease in mining difficulty
and tbh, bitcoin is still developing and there's maybe a potential for it to release solution to this problem so rest assured the problem regarding energy consumption won't be bitcoin's down fall and frankly if we could find another source of energy in the future, does the current electricity consumption matters?

well lets hope it doesn't but here is something to think about, lets say BTC is 100% renewable energy from their own dedicated sources in the future.
You will still have a movement of users/consumers that will say why use BTC when I can Use XYZ coin and achieve the same transaction of digital currency
using 4 million times less power.  I mentioned earlier that the power Industry was my business for most my career (30 plus years) and I still do some consulting
for Southern Company. I still bogles my mind that we could completely end all the pollution problems and all the energy problems with Nuclear. Thorium based salt reactors.

However the public wont allow it from unwarranted fear of Nuclear power.  I also mentioned the Energy mortality rate per TKwhr and yet the public wont embrace Nuclear.
The point here has nothing to to with power and BTC. The point in this is public perception, and thats what can make a difference in the crypto world as much as it has in the power Industry world.

Energy Source                    Mortality Rate (deaths/trillionkWhr)

Coal – global average         100,000    (41% global electricity)

Coal – China                      170,000   (75% China’s electricity)

Coal – U.S.                         10,000    (32% U.S. electricity)

Oil                                     36,000    (33% of energy, 8% of electricity)

Natural Gas                          4,000    (22% global electricity)

Biofuel/Biomass                  24,000    (21% global energy)

Solar (rooftop)                        440    (< 1% global electricity)

Wind                                      150    (2% global electricity)

Hydro – global average          1,400    (16% global electricity)

Hydro – U.S.                               5    (6% U.S. electricity)

Nuclear – global average              90    (11%  global electricity w/Chern&Fukush)

Nuclear – U.S.                            0.1    (19% U.S. electricity)

It is notable that the U.S. death rates for coal are so much lower than for China, strictly a result of regulation, particularly the Clean Air Act (Scott et al., 2005). It is also notable that the Clean Air Act is one of the most life-saving pieces of legislation ever adopted by any country in history, along with the Fair Labor Standards Act (1938) which established the 40 hour week, and Medicare in 1965.  Still, about 10,000 die from coal use in the U.S. each year, and another thousand from natural gas.

https://www.power-technology.com/features/nuclear-mortality-rate-safe-energy/
157  Economy / Collectibles / Re: Free Raffle - 8 spots left on: May 20, 2021, 01:00:51 AM
random whatever is left, thanks ! 
158  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Altcoins replace Bitcoin?!?!? on: May 19, 2021, 07:48:39 PM
From my own personal view, no Altcoin can ever replace Bitcoin, Bitcoin is the father of all crypto currency and without Bitcoin, i dont think theres a crypto, many institutions and big companies have invested huge amount of money in bitcoin and that should tell us that bitcoin is the engine driving the entire crypto industry ,if bitcoin dies which i know will never happen, am afraid but the whole crypto industry might collaspe.

That's about how I see it too, I believe two or three Alts will eventually capture the majority of the crypto market cap however.   
159  Economy / Collectibles / Re: [AUCTION] 2013 Casascius 0.1 btc silver MS69 on: May 19, 2021, 07:17:04 PM
you need user name and date by the coin
160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2021, 05:28:04 PM
Crypto market cap
$ 1.58T   man a lot of money flowed out fast.. $48B or so

Typo? It’s $480B or so...

Want to hear a good news? That $480 billions will be coming to Bitcoin Smiley

yes correct 480B   ,,,, social media now days can really cause some swings lol
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