The essence of the whole story is that those whose actions make life on this planet worse every day suddenly become ardent advocates of the idea of preserving the environment. They find no problems anywhere else except in the mining of BTC, and what about the mining of ETH or some other coin - I personally have not seen anyone ever talk about it?
Even if it is scientifically substantiated that 99% of the energy for mining Bitcoin comes from renewable sources (one day), does anyone think that even that 1% would not be enough for Bitcoin haters to continue with the same agenda?
The problem is not how much Bitcoin actually consumes, the problem is in an idea that some people will never accept - they have already labeled us as criminals creating a parallel financial system, and now anyone who owns BTC will be labeled as someone responsible for destroying the planet.
I don't know if anyone remembers the woman who said that everyone who mines or owns a BTC should pay a special tax - maybe her idea isn't so unrealistic ...
It was Janet Yellen who first claimed that Bitcoin is an "inefficient" way of doing transactions. Then media restarted their fake news factory, to churn out articles such as this one: https://www.financialexpress.com/industry/bitcoin-shocker-cryptos-rise-may-soon-leave-carbon-footprint-equivalent-to-size-of-londons-emissions/2215513/Unfortunately, 90% of the world population doesn't have enough intelligence to understand these are plain lies. Take this statement for example: A single bitcoin transaction has a carbon footprint of 359.04 kgCO2 – equivalent to the carbon footprint of 795,752 VISA transactions or 59,840 hours of watching YouTube First of all, the figure claimed by them is a lie. And secondly, Bitcoin is still in infancy and the number of transactions per year is still at a very low level. On average we have ~150 million Bitcoin transactions per year. Once BTC becomes more popular, there will be billions every month and that will not correspond to a rise in electricity consumption. Electricity consumption will remain the same, irrespective of the number of transactions. |
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It is difficult to prove that Sars-CoV-2 was created in a lab, let alone spread on purpose (as opposed to crass negligence of the Chinese commies).
The virus is a chimera of two natural viruses, the kind of which has been created in a lab many times. But it can also occur naturally, if a host is
at the same time infected with both viruses. However, it would be very unlikely, that a Chinese man or woman, was at the same time infected with
two viruses, naturally found in nature, a couple hundreds of kilometers from each other. It's more likely it escaped from a lab, but the Chinese
commies have blocked any true investigation, into the origins of the virus.
There are all sort of possibilities. I am 90% confident that the virus was created in a lab. But even with this theory, there can be two possibilities. Either the virus was accidentally released from the Wuhan Institute of Virology laboratory, or it was deliberately released by some agency which wanted to hurt China. If the latter case is true, then there are not many countries that are capable of doing this. However, the Chinese were able to create vaccines in a relatively short time period. And these vaccines have proved to be very effective. Now this makes me suspicious once again. China is much behind countries such as USA, Russia and the United Kingdom as far as medical technology is concerned. How they managed to invent highly effective vaccines in such a short time period? |
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A lot of FUD is being spread around this news. The reason why Inner Mongolia is discouraging Bitcoin mining (and other high-electricity intensive industrial activity) is due to rising pollution levels. Most of the electricity comes from coal-fired power plants and the local administration therefore want to reduce the consumption of electricity. It has nothing to do with any sort of ban against Bitcoin or other cryptocurrencies. For now, it looks like the mining rigs might have to shut down their operations, or move towards cleaner energy.
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The people that don't need Bitcoin are buying it and the people who need Bitcoin can't afford it. ("Poor" can't afford to buy it or send it... No one wants to pay $20 to move $100)
A few days back, I paid $2 to move my BTC. Unless you are paying with BTC in some coffee shop or restaurant, there is no need for instant confirmation. You can set transaction fee to 11 Sat/Byte or 21 Sat/Byte and get your transaction confirmed within 2-3 hours. Those who are purchasing Bitcoin can definitely afford to wait a few hours to get the transaction confirmed. And I checked the last block that was mined (#675774). Even transactions with a fee of 12 Sat/Byte were included. |
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Truly, the Elon Musk scam is everywhere. Most telegram groups, you will people posting it, up and down. The same is happening in Twitter too. Facebook is not left out.
But what baffles me most is how can one fall for such cheap trick? The moment I saw it, I knew that it is a scam.
It is not that easy to recognize it as a scam, especially for the inexperienced users. They use the same profile picture and profile name (even with a blue tick). If you don't notice the difference in the username, then in all probability you will fall victim to this scam. All that said, there is no point in blaming the victims. They have been scammed by criminals and we must make sure that they get justice. Here is the story about an individual who lost his entire life savings to such a scam: https://www.bbc.com/news/technology-56402378 |
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Economy suffered a lot when COVID arise, many established are closed and the worse is gone, many people are jobless and people scared to go out. After a year our economy is not yet back even we have vaccine, because people are irresponsible they forgot what is COVID, now affected is rising now, some cities declare lockdown. Hopefully COVID will gone now and people should be responsible to each other, obey the government and obey safety protocol. There are two sides to it. In many of the third world nations, a herd immunity was achieved at least in some of the regions against the COVID 19 virus. But recently, some of the more mutant strains of the virus has emerged and these strains are causing infection even to those who acquired immunity earlier. Now the general population is slow to act against these new strains and they are behaving as if nothing has been changed. |
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The population is getting tired of the lockdown measures, so am I, but there's nothing else that can be done at this point. We need to be patient. In my opinion, what you described has led to a respectively large amount of deaths and cases. Especially deriving from schools, younger children can easily pass the disease to their parents/grandparents, with a cluster of cases starting from there.
Among the young people, the mortality rate from COVID 19 is very low (around 0.1% to 0.2%), and therefore they are quite careless as far as protective mechanisms are concerned. Even in my country, I have seen a lot of youngsters roaming around without face masks. But they need to remember that they are not immune to the virus. There have been deaths among the younger people as well (although in smaller numbers). |
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In my opinion it is fitting for all current governments to boost the popularity of cryptocurrency (Bitcoin), because Bitcoin can increase the economic growth of human resources in all parts of the world, the existence of Cryptocurrency can be a business opportunity for all governments to be able to make their own coins, so they can compete in this industry
For the governments, the level of economic growth which is expected as a result of cryptocurrency adoption is not enough to make up for the loss of capital controls than can result from it. But I can tell one thing. Cryptocurrency in this decade is similar to what internet was during the 1990s. Those countries which tried to block the spread of internet back then suffered enormously in the next few decades due to losing out in competition. The same is going to happen this time, with the cryptocurrencies as well. |
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When bank accounts can't be used, how can they trade with cryptocurrency. There are two main options now. Either trade with physical cash or gift cards using P2P platforms, or use Stablecoins instead of USD. Both these options have risks associated with them. Imagine meeting a complete stranger face to face to deal with big amounts of cash. It is going to be risky for both the parties (buyer as well as the seller).
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One of the advantages with physical cash is that it is possible for handicapped people to use it. It will be almost impossible for blind and other handicapped people to use digital cash. If they use the digital version, then chances of getting scammed will also increase by manifold. I am not against the proliferation of digital currency. But at the same time, it is not practical to eliminate the usage of physical cash completely.
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I believe that everything primarily depends on the character of the person and his outlook on life. It is quite normal for a person to treat his life when he seeks to create a family, build a house and raise children. Based on this, it is completely unclear why this person is making money. But I have repeatedly come across people who have completely different views on life.
In Western nations, nowadays more than 60% of the marriages are ending up in divorce. On top of this, the divorce laws in most of the Western nations are biased against the men. The wife can easily walk away with 50% of husband's wealth in case of divorce, even if she is the reason for the breakup. Therefore a lot of the young players don't want to enter in to marital relationships early in their career. |
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Here are the latest stats from 21st March 2021. Total market cap: $1,775,121,424,155 ( -2.11%) Bitcoin: $1,069,817,265,339 (60.267%) Bitcoin forks: $14,422,000,751 (0.812%) Stablecoins: $57,249,060,833 (3.225%) Altcoins: $625,755,891,386 (35.251%) WBTC: $7,877,205,846 (0.444%) This is the change compared to my last post: Bitcoin: -1.763%
Bitcoin forks: -0.036%
Stablecoins: +0.193%
Altcoins: +1.606%
WBTC: -0.001%Here are the latest stats from 14th March 2021.
Total market cap: $1,813,369,785,639 (+16.32%)
Bitcoin: $1,124,832,271,719 (62.030%)
Bitcoin forks: $15,378,377,193 (0.848%)
Stablecoins: $54,987,579,431 (3.032%)
Altcoins: $610,115,354,381 (33.645%)
WBTC: $8,056,202,915 (0.444%)
This is the change compared to my last post:
Bitcoin: +1.525%
Bitcoin forks: -0.026%
Stablecoins: -0.351%
Altcoins: -1.185%
WBTC: +0.038% |
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It was a good series overall and the both teams played well. This only shows that till 4th match it was 2-2 and the final was a complete finale and, on the given day, India was better than England and this helped them to within the series. As mentioned earlier Virat has come in the form now and since he bats up the order as it’s an advantage as team can reach big score as on one end he makes runs quickly and plays a big innings. Even in the previous matches, India lost because of the poor performance of the top order. Once Virat moved himself to the top order, this issue was resolved. England was perhaps overconfident after winning two out of the first three matches. On the other hand, Indian team analyzed their weaknesses and took steps to eliminate them during the remaining matches and eventually the strategy paid out. |
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It has been a year, and I can say, well, in my country that the economy has been going down, not only because of the 2nd wave but because of inaccessibility going outside, makes other businesses lose their economy, not only that but also the whole country is suffering, another wave is about to happen, sadly, a new variant which amplifies the virus itself, this is going to be difficult, hence, depletes economy once again for another year, sadly.
Businesses need to adjust to the changed circumstances. The pandemic is already more than a year old and in all probability it will remain as such for at least 12 more months. I guess businesses had enough time to adjust to the new circumstances and most of them have successfully done that. Even in my area, a number of businesses have moved from dine-in facilities to take-away and delivery modes. Those who failed to adjust have closed down their operations. |
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The bitcoin investment just isn't a needle mover for Tesla due to how small it is compared to the overall market cap of the company. Bitcoin could triple and it would mean next to nothing for the company's overall value and it could go to 0 and have the same relative non-effect. It's not like Microstrategy, the marketcap of which is predominately bitcoin-related at this point.
In a way, that argument is correct. The Bitcoin holdings (even at current exchange rates) represent less than 0.5% of the market cap of Tesla. Even if we take the volume of cash reserves, the $3 billion worth of coins only constitute a small fraction. Tesla is an EV manufacturer and unlike the case with Microstrategy, it's share price and market fundamentals will be decided by the performance of its EV business. |
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I think Gill and Rohit will open for India. Dhawan doesn't deserve any more chance, Rahul is a good option but should start with Gill and Rohit.
Rohit is more or less certain and the only question is regarding the other opener. Shubman Gill should get the nod, although Kohli and Shastri are not in favor of dropping KL Rahul. Gill hasn't played T20Is recently, and his performance during the recent Test series against England was not up to the mark. Everything will depend on his performance for Kolkata Knight Riders in the IPL, which will start in around two weeks from now. |
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Rumours are BCCI is planning for the T20 series against South Africa and New Zealand before the T20 world cup.
I hope Jadeja comes back and provide this team with more balance. The IPL is going to run for two months starting from April. And the T20 World Cup is scheduled for October. Therefore the BCCI has enough time to schedule one or two bilateral series during the gap between the two events. I am doubtful regarding New Zealand, because the government has prohibited the national team to tour foreign nations due to the COVID 19 pandemic. However, inviting South Africa sounds like a good option. |
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Just some media trying to demonize thing that goes against their interests. fiat actually far surpasses crypto currency if compared to crypto in the use for illegal activities. You see everywhere it's the paper money that got used for transaction like drugs, etc that appears in some news. if crypto being used for criminal activities it's definitely not the currency's mistake but the people themselves. whenever there's some hole people always gonna exploit.
Even now, there is only one form of payment which is 100% anonymous, and that is physical cash. In the cryptocurrency sector, we have so called "anonymous" coins such as Monero, Zcash and Deep Onion. But recently there have been instances of users of Monero getting arrested after authorities tracked their transactions. So although the coins claim that they are anonymous, there is a chance that someone will be able to trace the transaction back to the user. But no such issue with physical cash. It is impossible to trace any of the transactions, if done using physical cash. |
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Religion doesn't exactly inspire people to be logical about things, in fact it's entirely built on suspending rationale thought and just believing in things whether or not they're true. It's the perfect example of how not to behave when lives are on the line. But I will say it's perfectly on brand for religious folks to get angry or even violently upset over someone else not believing what they believe.
I would agree. At least as far as the COVID 19 pandemic is concerned, many of the organized religions had a negative impact on the containment efforts. From Brazil to Philippines, we are hearing stories about clerics asking their followers to ignore social distancing and refuse vaccination. Without these unnecessary interventions from the religious groups, the death toll from COVID 19 would have been much lower. |
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Hmm, Wazirx is doing $76.691.478, Binance $72.358.046.448.
So, if in India there are 20 million users then worldwide there must be 20 billion users.
I have a feeling something is wrong with this one...
This is exactly where you get it all wrong. You assume that the capital available per head is same for users in India and the United States. For an average Indian, the annual salary is in the range of $1,500-2,000, while the same for someone in the United States can be $45,000-$60,000. That means that the average investment from Indian users may be 1/30, or at the most 1/20 of the amount that the American user invest. In terms of number of users, India is one of the top most countries. But still Indian users hold only 3% to 4% of the total cryptocurrency market cap. |
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