Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[smartcomet]

This article places an emphasis on where the bottlenecks and problems have been forming in the system, explains why a continued weak dollar over a 3-5 year period remains my base case, and shows why some of these growing pains seem to be leading to a new re-ordering of the global monetary system over this decade.

Article Chapters:

1.The Structure of the Global Monetary System
Gold Standard Pre-1944
Bretton Woods System 1944-1971
Petrodollar System 1974-Present

2.The Great Petrodollar Bull/Bear Cycle
Causes for the Cycle
1980s Dollar Cycle
1990s/2000s Dollar Cycle
2010s/2020s Dollar Cycle

3.The Fraying of the Petrodollar System
A System Without a Purpose
Shrinking US Share of Global GDP
Multi-Currency International Trade
China Subverting the System
Eating Our Own Cooking
Triffin’s Dilemma Unfolds

4.The Intermediate-Term Outlook
The Dollar vs Other Currencies

5.The Long-Term Outlook
The Slow Restructuring Option
The Fast Restructuring Option

6.What the Next System Looks Like
Decentralized Energy Pricing
Digital Global Bancor
Digital Regional Bancors
Gold as a Reserve Asset
Bitcoin as a Reserve Asset

7.Summary Thoughts

fabulous macro insight

[mrjoy15]

It's hard to understand people sentiment over Bitcoin, which changes time to time..

If Bitcoin goes down: Bitcoin is a Scam 
                       &
If Bitcoin goes up: Bitcoin is Love 

[Biodom]

It's hard to understand people sentiment over Bitcoin, which changes time to time..

If Bitcoin goes down: Bitcoin is a Scam  
                       &
If Bitcoin goes up: Bitcoin is Love  

A solution: hang out with different people.

[JayJuanGee]

Crypto?

Shortest JJG post ever:  Wordy-man ATL!  That’s it:  Bitcoin is dead.  Selling all my coins now...

I already said uncle... didn't I?


You surely are more wordy than me, when you are around.

You just disappear for a month at a time or perhaps 6 months to a year at a time.

Not saying that I am worried about you, but if you were persistent, you would not ONLY be MOAR wordy than the wordiest amongst us (speaking of yours truly for sure) but you would also have a post count to go along with it, too. 

#justsaying

Speaking of bitcoin prices, I have no real problema where we are at, currently, surely decent sized correction down to $47,555 (constituting about 27% correction from the top), and than maybe bouncing back to bounce around $50k-ish - and who is to say that the correction is over, exactly, but does not really seem to matter too much.

This is kind of like the stability that people should seem to want (and surely a way better place than the stability that you, nullius pullius, was calling for in around September-ish - if I am remembering my dates right?), but when we are here in this kind of seemingly stable place, a lot of peeps are actually moaning about it. 

I think rejoice in respects to the place where we happen to be - even if we might get some further drops.. up to 40% or 50% is not necessarily unusual, even though I am not sure about how high the odds would be beyond seeming to have a kind of potential trend is your friend kind of situation that some of us would prefer NOT to have, and surely seems like UPpity is going to continue at some point.. but just not always clear about how long such UPpity continuation is going to take to actually be noticed as continuing UPpity.

Wow this asshole is at it again: https://cryptoslate.com/uk-court-to-consider-craig-wrights-claim-of-inventing-bitcoin/

This could be a reason to donate to Cobra's legal defense fund (if he has one).. because Cobra did seem to do the right thing by leaving the white paper up and also calling Craig a loser.

[Syke]

This could be a reason to donate to Cobra's legal defense fund (if he has one).. because Cobra did seem to do the right thing by leaving the white paper up and also calling Craig a loser.

He does. https://twitter.com/CobraBitcoin/status/1352231172210876416

[Krubster]

[text]

My man.... good post for a Saturday evening

Got merited as well I see

I'm humbled, you are far too generous.

This could be a reason to donate to Cobra's legal defense fund (if he has one).. because Cobra did seem to do the right thing by leaving the white paper up and also calling Craig a loser.

He does. https://twitter.com/CobraBitcoin/status/1352231172210876416

Thanks for the link. So far, the address has recieved 12.5 BTC.

[JayJuanGee]

Can't we just stay above 50k for fuck sake. I mean I don't think we will be breaking out to new ATH for a couple months but this 40s thing just seems downright depressing.

My 1 year ago self would be laughing at that comment mind you but here I am still complaining, lol.

See what I mean?

Peeps complain, even though they know we be in a good place.

Go figure, ur lil selfies?

The Wall Observer is still an extremely toxic community, too.  It’s lucky for you that platinum is a corrosion-resistant metal!

Well I would argue.. it really depends on Bitcoin!!!!

Yes Bitcoin... see if Bitcoin is performing well against dollar you will see a totally changed WO community. But when Bitcoin is loosing its ground against dollar yes the community can be toxic or more like a furious angry lioness so you have to be very careful around here!!!

So “The Wall Observer is still an extremely toxic sensitive community.”

You're the toxic one you fuck. 

That's the spirit somac.

The Wall Observer is still an extremely toxic community, too.  It’s lucky for you that platinum is a corrosion-resistant metal!

Well I would argue.. it really depends on Bitcoin!!!!

Yes Bitcoin... see if Bitcoin is performing well against dollar you will see a totally changed WO community. But when Bitcoin is loosing its ground against dollar yes the community can be toxic or more like a furious angry lioness so you have to be very careful around here!!!

So “The Wall Observer is still an extremely toxic sensitive community.”

I don’t know about that exactly...  when btc losing value in dollar terms, then the WO thread is a very famous place for FUD-tards, bear-tards, alt-tards, low level human being-tards, NOcoiners etc

We have to be toxic against some of those for the readers in the dark.... people are easily being mis guided in a DIP and it’s pity it’s been done from people not understanding, not knowing, not believing BTC....

But imo the REAL WO’s aren’t toxic when BTC dips.

Just my humble opinion

Dips here and there still acceptable WO can tolerate.... but dip stairs.... hell no!!!

We can tolerate anything because when we boil things down to their pure essences, there really is no "we."

There are just a loosely nit group of folks who happen to share quite a few interests in common, and those who have pee pared their lil selfies (psychologically and financially) for either UP or DOWN are going to be more ready, willing and able to tolerate DOWN, in the event that it happens. 

There are some of "us" who do end up cracking from time to time, and likely because of lack of preparations either psychologically of financially for something that happens and was NOT quite expected - even though most of us who have been around enough have either learned (or just created a great enough financial cushion that it does not really matter) to expect beyond expected - which would include NOT panicking when the less likely scenario(s) actually does end up playing out.

[nullius]

Crypto?

Shortest JJG post ever:  Wordy-man ATL!  That’s it:  Bitcoin is dead.  Selling all my coins now...

I already said uncle... didn't I?

I was not competing with you now.  I feared for the value of my bitcoins!  There is a market theory called the “JJG indicator”.  By comparison to most daytrading TA theories, it is mathematically proved and scientifically confirmed.  It says that when JJG runs out of words, then Bitcoin is a STRONG SELL and should be shorted at high leverage.

No pressure.    #nohomo

You surely are more wordy than me, when you are around.

You just disappear for a month at a time or perhaps 6 months to a year at a time.

Not saying that I am worried about you, but if you were persistent, you would not ONLY be MOAR wordy than the wordiest amongst us (speaking of yours truly for sure) but you would also have a post count to go along with it, too. 

#justsaying

At some point, real life takes over.  I’m not supposed to be here at all now; I should probably tie up some loose ends here, catch up on a few threads, and then devote my attentions elsewhere.  Call it a guilty pleasure.

Speaking of bitcoin prices, I have no real problema where we are at, currently, surely decent sized correction down to $47,555 (constituting about 27% correction from the top), and than maybe bouncing back to bounce around $50k-ish - and who is to say that the correction is over, exactly, but does not really seem to matter too much.

This is kind of like the stability that people should seem to want (and surely a way better place than the stability that you, nullius pullius, was calling for in around September-ish - if I am remembering my dates right?), but when we are here in this kind of seemingly stable place, a lot of peeps are actually moaning about it. 

I do like it.  For a long time, I had it set in my mind that $1 was worth “more or less somewhere around 10k sats”.  Now, it’s around 2k sats; that’s not quite as convenient as a power of ten, but it nonetheless makes mental estimations easy.  Bonus:  My bitcoins buy more when I need to spend them, which I try to avoid.

Round numbers tend to form Schelling points; so I would not be surprised if we need to cool off and take a breather before sufficient demand pressure forms to push us up to the next point.  That is my instinct, based on no market data and no “market research”.  Take it for what it’s worth.

In the abstract, I am also of the general opinion that slower, steadier growth is better for Bitcoin.  I know that you will say that “king daddy” doesn’t care what I want.  I am simply hoping for sustainable growth with less volatility and fewer, smaller corrections.  As more people—and moreover, more rich people become to some degree economically dependent on Bitcoin, I don’t think it’s unrealistic to hope that we can break out of the old market cycles.

Anyway, unless there is some extreme black swan (death of the Internet, Roosevelt-style seizure by a superpower government, etc.), I reasonably expect that Bitcoin will get to $100k and $1m and beyond.  It took awhile to reach a sustainable floor above $1k, and above $10k; what difference does it make if the market bounces around and solidifies for awhile at $50k?

At this juncture, Jay, I will say something that you will hate:  If you want to make 100x fast (at high risk of losing everything), go invest in altcoins!  Because:  Risk and reward.  Whereas Bitcoin is becoming a safe investment, at least relative to what it was a few years ago.  If you want something that you can buy, put into cold storage, and then just not worry about in the long term, then you must be satisfied with a measly 2x or 5x gain here and there.  It’s not the first time I’ve said this:  Bitcoin is becoming a relatively boring investment—and that’s a good thing!

It is because of that safety that I would now feel comfortable recommending significant Bitcoin investments to the types of people who probably couldn’t have handled it before.  I myself almost wholly ignored the worst of the big bear market of 2018:  I just let my coins sit where they were, stopped watching the ticker, stopped reading the news—didn’t waste time with it, didn’t worry.  That was with my life savings.  But I realize that I am unusual.  When Bitcoin reaches the point that ordinary, average types of people can be advised to put a chunk of their money into Bitcoin—not all, but a good chunk—and just forget about it, then I think that the Bitcoin market will be maturing to the point that we can get that steady growth.  And that forms a positive feedback loop, insofar as the steadier the market is, the more that we can bring “normies” into it.

I think rejoice in respects to the place where we happen to be - even if we might get some further drops.. up to 40% or 50% is not necessarily unusual, even though I am not sure about how high the odds would be beyond seeming to have a kind of potential trend is your friend kind of situation that some of us would prefer NOT to have, and surely seems like UPpity is going to continue at some point.. but just not always clear about how long such UPpity continuation is going to take to actually be noticed as continuing UPpity.

For my part, I am happy with $50k for now.  I am bemused to see people talking about a “crash”.  What crash?  Do people even remember what the number was only half a year ago? 

^^^ Consider that to be my curmudgeonly take on the JJG style of stacked smilies.

I do hope not to see further huge drops.  That could be a real crash.  The $50k range (plus or minus, say, 10%) would be a good point to rest without too much panic, mindrusting, or bears coming out in force; and I hope to see a firm floor develop here, for jumping off to the next point.

[DaRude]

10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590.
The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.

They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:

The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!"
"It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We ​​got nothing! This system exploits us poor! ”

The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.

10th friend owns all 9 houses his friend live in and collects rent from them. He has more total wealth than his other 9 friends combined. On top of that every year 10th friend amasses more and more % of over all wealth, as the other nine own less and less. So the other 9 friends get together and say remember how things were more even with the tax rate 30yrs ago? Yeah lets make sure not come back to that as current trend is totally sustainable, instead let's just blame the friend who's poorer then you. 10th friend doesn't do anything and just buys more land

Plot twist, back in high school, 9 friends screwed around smoking weed all day and gave the 10th friend wedgies for always doing his homework on time. Now they are all grown up and they want to go back to how things were 30 years ago when they weren't such losers. They want to fuck around and make their hard working friend pay for it.

Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated.

You seem to be missing my argument so let me spell it out. I'm saying that, we have a runaway unsustainable indicator, wealth distribution is flashing red, we're at historical levels we've never been before, and trend continues in the wrong direction.

1st level resposes- It's not an issue, despite the fact that overall population is more educated then ever before, poor people are just lazy druggies, lets push the pedal to the metal. Anyone proposing solution to freeze distribution disparity at current levels or god forbid attempt to bring it back in line with what it was in the 70s is a dirty red commie bastard, and better be dead than red. <-- this is the group you seem to fall into

2nd level-yes it's an issue but we still have some wiggle room and the situation is not as dire as you make it out to be. We believe in solution X and are willing to keep the current trend hostage, keep the trend going until 1% owns Y% of total wealth or our solution is adopted

...or maybe those are very narrow and short sighted categorizations that very few people fit into. The issue is more complicated. I think you know that and are just playing dumb to justify the socialist talking points.

The bottom 50% of humans currently have more wealth that any other time in history. The ones with a socialist agenda are using "wealth inequality" as a rallying cry to push their agenda which will tear down what the world has achieved. They use other rallying cries such as racism, sexism, hatred, etc. The goal is the same. Tear down our current system and build a new system (socialism) where everyone is "equal in outcome" despite their individual talents or efforts.

This is not a new thing. Societies have tried socialism over and over throughout history because it seems like the "fair" thing to do and it has always failed miserably. It's pure evil and you should be ashamed to be a part of it.

A wildly successful economy will have some wildly successful people and that should be celebrated rather than attacked. Nobody is building citadels. Most of that wealth sits in the companies everyone works for and benefits from.

The agenda you're pushing will not achieve what you think it will. The more likely outcome is collapse of the system that everyone is benefiting from.

It's not your fault you think like you do. I'm sure some well intentioned people thought they were doing you a favor by teaching you what they did, but it's a deeply flawed ideology. At some point you have to start thinking for yourself instead of just regurgitating the socialist talking points without any other analysis or insight.

Ah so instead of addressing the main issue, explaining how wealth inequality trend is sustainable and won't become an issue until 0.1% of ultra wealthy will own 99.X% of overall wealth, you once again childishly try to belittle and pivot the argument into a deadlock by character association? You add no value, ignored. Have a nice day

Your argument is a straw man argument, First, the 1% is constantly changing, it's not the same few people sitting and getting increasingly richer.
Most of the top percent is old folks selling all they own and moving in to a retirement home, they stay in the top for a very short time and are then replaced by new people.
Secondly, it's not a problem. The fact that a few people are very wealthy doesn't mean that everybody else is poor. "The bottom 50% of humans currently have more wealth that any other time in history".
Some people getting richer than others is not a problem, in fact it's the opposite, if Elon M weren't allowed to get filthy rich, there would not be any SpaceX and no coming bases on the moon and mars for example.

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

[DaRude]

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Just need to make sure that it suffers at the end, the tears will help it tenderize

[nullius]

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

The most unsustainable type of meat.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...  Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.

Protip:  Range-grazed meat tastes better.  All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious.

the most unsustainable type of meat

Just need to make sure that it suffers at the end, the tears will help it tenderize

I know you’re joking; but for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

[Karartma1]

After many years of bitcoin I can say I reach some sort of enlightenment.
I don't care what happens, really.
I own Bitcoin. FULL STOP
I leave the rest to others (trading, investing, being scammed etc.).
Remember, you OWN bitcoin. You have skin in the game. Don't get fooled by price swings.

[LFC_Bitcoin]

Off topic:

I’m sure you’re all aware of Faketoshi attempting to take Cøbra to court for ‘copyright infringement’ 
I made a thread, if anybody wants to donate towards Cøbra’s legal costs then his bitcoin address is listed in the OP. Feel free to verify it.

Cøbra is aware of the thread & has actually posted in there.

https://bitcointalk.org/index.php?topic=5332996.0

Hopefully Faketoshi is behind bars soon.

[somac.]

Can't we just stay above 50k for fuck sake. I mean I don't think we will be breaking out to new ATH for a couple months but this 40s thing just seems downright depressing.

My 1 year ago self would be laughing at that comment mind you but here I am still complaining, lol.

See what I mean?

Peeps complain, even though they know we be in a good place.

Go figure, ur lil selfies?

Everyone loves a good whinge. Be it your job, parents, wife, or bitcoin a whinge is there for you.

If us normal folk didn’t whinge, all the world's problems would probably be solved by now and how fucking boring would that be?

[somac.]

Off topic:

I’m sure you’re all aware of Faketoshi attempting to take Cøbra to court for ‘copyright infringement’  
I made a thread, if anybody wants to donate towards Cøbra’s legal costs then his bitcoin address is listed in the OP. Feel free to verify it.

Cøbra is aware of the thread & has actually posted in there.

https://bitcointalk.org/index.php?topic=5332996.0

Hopefully Faketoshi is behind bars soon.

Honestly, I would prefer Calvin be behind bars. Faketoshi deserves it for being a scamming prick but Calvin is a real piece of shit.

[modrobert]

Mempool count dropping even more (less BTC on the move) and USD moving into the exchanges.



Source: https://www.blockchain.com/charts/mempool-count

Are we in for a bull run? Looks good recovery wise, but still have doubts.

[AlcoHoDL]

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

[El duderino_]

[heslo]

Craig Wright, Calvin Ayre... what a bunch of scumbags.

I've never really been a rich person in my entire life, except, perhaps, in the last year, due to Bitcoin's recent price appreciation, which has given me a taste of how it feels to be "well off". Even then, I'm nowhere near the wealth that these guys have. What more do they want? Their future is completely secured, they can sustain their lavish lifestyles forever. Why do they keep fighting Bitcoin? Is it some sort of bad wiring in their brains, or is it a sickness of the rich?

In any case, I hope justice is served and they end up where they belong.

I'm fairly certain CSW has fuck all; it's his butt boy Calvin who bank rolls his bullshit. Wouldn't piss on either of them even if they were on fire tbh, they deserve to get utterly rekt in the courts and hopefully all this nonsense will end sooner than later

[nullius]

Skipping around a bit, to establish some context:

Next, you’ll be telling me that rising sea levels will make Earth uninhabitable by the year 2000.  You are obviously not old enough to remember that, and most people anyway forget each week what they read the last week; but I have a long memory...

Yep cant remember the year 2000, I wasn’t even born for a few years after that.

I could tell that you were young, but I didn’t realize that you were that young.  Perhaps I was confused by the amount of money that you have sometimes claimed to be throwing around.  Most teenagers are financially unsophisticated, and also broke.

Now, a critical thinking question:  To remember predictions made about a future Year 2000, how old would you need to be?

I’m not doxing my age here.  I “remember” things from the 1950s, and the 1930s, and the 1770s—and 480 B.C.  Because I study history.  The latest exemplars that I recall of doomsday climate change predictions for the Year 2000 were from the late 1980s.  I may or may not personally remember the 1980s from direct experience.

Obiter dictum, I always find it remarkable to talk to people who don’t remember a world before Facebook, Twitter, and anthropoid cattle tracking devices “smart” phones.  (Viz., before proper punctuation became unfashionable.)  Or America’s global terror-war of bombing people into “freedom” to stop The Terrorists.  Or...

If any of us survives the near future, then perhaps someday you will have a similar view of people who are too young to remember the world before “the Covid New Normal”.  Do you remember what the world was like before Covid?  —Will you remember that in twenty years—in forty years?  How will you perceive the children who were born after?  How warped, twisted, and shallow will their worldview seem to you, when they are adults who never knew the world in which you grew up?

I challenge you to think about this, so as to shift your perspective.  When you view the world this way, you can transcend the narrow contextual bubble of the present and become a bit of a time traveller.

My, how convenient this is for BigCorp agribiz.  You believe that the type of meat best produced by small, independent farmers on land that they own (and presumably care about) is “the most unsustainable”.

Not really convenient for them, I believe all meat is unsustainable and unethical, [← This is a run-on sentence, but it’s ok, we have bigger problems to fix first, because the “education” received by persons born after the Year 2000 is evidently even more abominable than I had hereto imagined.]

That seems to be both your premise and your conclusion.

[...] local farms just happen to be smaller business and as a fundamental law of economics, they cannot scale as how larger corporations can.  [← See?  You can do it!]  But even with all the scaling it’s still incredibly unsustainable and by the nature of efficiency it is much crueler, which is why I don’t eat any animal products.

Scaling doesn’t usually work the way that people expect.  For example, as we all know, to “scale” Bitcoin by raising the blocksize limit would have many negative consequences which may not seem obvious in advance:  Explosion in the UTXO set size (a resource-intensive burden to all nodes), increased orphan rate for miners, etc., etc..  It is not only a matter of more disk space.

To scale up meat production by packing animals into little boxes, injecting them full of crap, and feeding them utter garbage is not what I would call “sustainable” in any way.  I would not even call it “productive”, insofar as both process and product are inferior.

It is, of course, not so different than packing so-called “humans” into modern urban environments, injecting them full of crap, feeding them utter garbage...  You are a cow managed by an iDroid device.

By close analogy, this reminds me of the time that I saw an advertisement proudly touting “corn-fed beef”, as if that were a good thing for anyone other than the large corporations that control the corn markets, and their pesticide providers, and the stockholders thereof, and their bankers.

Cows are already fed corn amongst other feed pretty sure, this is just marketing BS to put on a higher price tag on the crap product they are already selling.

In this context, “corn-fed” would implicitly stand in contradistinction to “grass-fed”.  The latter ideally means letting the cattle walk around in a pasture, and munch on what they please.  The difference in meat quality is significant; I am not only joking about it.

Obviously, grazing cattle is less efficient from a bean-counting business perspective.  Among other things, it requires land husbandry to prevent overgrazing from ruining the pastures.

Anyway, enjoy believing whatever garbage you have loaded into a brain that is operating suboptimally due to your vegan diet.

I believed everything I said before I was vegan too, which is why I'm vegan in the first place.  [← Wow!  Another period!  I am soooo proud of you.  —  People say that I am a jerk; and although I DGAF about their opinions, I figure that I may as well try some so-called “positive reïnforcement” for good behaviour.  How is it working?  Are you feeling reïnforced yet?  Sigh.  Being helpful can sometimes be so thankless.]

I once knew someone who had switched to a vegan diet as a teenager.  She permanently stunted her adolescent growth, so she always looked rather odd in an unpleasant way.  I’m not sure how much of that was intentional; it seems she did intentionally starve herself outright.  I infer that she probably had an underlying eating disorder, which manifested in her becoming a vegan zealot.  When she was in her twenties, she had a series of mental breakdowns that occasionally required hospitalization; she would be in her forties now...  Anyway, I haven’t only read about veganism on the Internet.  I have known a number of vegans IRL.  All of them were, without exception, quite insane.  But that is unsurprising; what always surprised me about them was the smell—a subtle sort of a cloying sick-animal smell that hung in the air about them.  I have the nose of a dog, so I pick up on such things as others do not.

By the way, no:  I do not actually eat an all-meat diet.  But that is only because I cannot afford it.  I was too much of an idealist when I was your age.  I did not care about money until, in the course of years, I learned the hard way that although money cannot buy happiness, it can prevent unhappiness!  For example, if you have money, then you can afford to have a Platinum account for emergencies.

...for the record, I advocate humane slaughter.

Stress at the end ruins the juicy taste of freedom and happiness in the meat.

Depending on where you live, "Humane" is a gas chamber, or a knife to the throat.

You know those scary-looking electric stun bolts that PETA misrepresents as cruel?  Those are anesthetics.  Anesthetics need not be chemical!  Look it up in a resource about animal husbandry, not a PETA pamphlet.

Given the choice between being killed while conscious, versus being zapped into instant unconsciousness and then killed, I am guessing that you would probably prefer to be zapped.  From my perspective, it will keep you juicy and delicious; humane butchers actually examine meat for stress marks that are indicia of low quality.

* nullius toasts SwayStar123 with a nice Chianti.