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Author Topic: "Change the Code, Not the Climate" FUD campaign coming next month  (Read 542 times)
Kakmakr
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April 02, 2022, 07:14:42 AM
 #41

The only people pushing for PoS are the rich people with a lot of tokens. He probably pre-mined the shit out of the Alt coin he launched and made a lot of money and then he sold that before it collapsed and then he bought a lot of bitcoins. Now he wants these bitcoins to work for him (Passive income) and he got some other "Money bags" to support him.  Roll Eyes

The "Climate" excuse is just the smoke screen to hide the real agenda.... "Making money out of nothing"  Roll Eyes  (Let's not forget that a hardfork, will give them a shitload of Alt coins too, so they make even more money)  Roll Eyes

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April 02, 2022, 07:15:53 AM
 #42

Come rain or come sunshine, these campaigns of defaming or spreading falsehoods to try and on board crypto users from bitcoin to other crypto projects won't and will never be an easy road because bitcoin established itself in the toughest of conditions without really marketing itself to the world.
No amount of FUD will shake up the bitcoin community, throw some block wars,fork wars we immune to all the FUD,we true to bitcoin without any shakeup.

R


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April 02, 2022, 07:43:37 AM
 #43

I like it and I hope for another fork, followed by a nice pump. I will sell all the shitty fork coins and say thank you for the airdrop. It was real fun to sell BCH when it pumped up to 0.5BTC/1BCH.

Bitcoin is not a bubble, it's the pin!
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April 02, 2022, 07:56:53 AM
Last edit: April 02, 2022, 03:57:42 PM by BlackHatCoiner
Merited by pooya87 (2), n0nce (2)
 #44

Why can't they think by themselves and simply make up their own minds?
But, the environmental damage of mining bitcoins is pretty much convincing, I'd say, for someone who's no idea about it. If they don't even know that Bitcoin is a currency, it's very easy to conduct propaganda against this energy waste for a "non-tangible thing".

'Thinking' should be taught in school, if it is not.
It's not. School focuses mostly on the vocational training and much less on critical thinking. It pushes you to study exact sciences, but not sociology and economics as they're "secondary".

And, unfortunately, that makes perfect sense as it doesn't favor those in power. They'll brainwash you to death to feel you need them. At some point, even ideas worth spending which will attack this broken system, will be rejected biasedly. Take Bitcoin for example. This Morhpeus quote takes the cake:
Quote from: Morpheus (The Matrix)
Most of these people are not ready to be unplugged, and many of them are so inured, so hopelessly dependent on the system that they will fight to protect it.

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April 02, 2022, 10:08:00 AM
 #45

A group of people are going to campaign for a change in how Bitcoin works.

They will buy ads in mainstream media publications to spread some FUD about Bitcoin's proof of work.

Chris Larsen, who founded his own altcoin 2012, is going to be one of the people funding this campaign:

Larsen said Bitcoin’s power consumption issue could be fixed via a soft or a hard fork -- both changing the network’s code to make Bitcoin less power hungry. A soft fork would preserve Bitcoin as a single blockchain. A hard fork would split Bitcoin into two separate networks, one supporting miners and the other running different code -- perhaps Proof of Stake.

The campaign believes that about 50 key miners, crypto exchanges and core developers have the power to change Bitcoin’s code.

But of course, Bitcoin will just continue independent of this campaign:

Whether the campaign will work is a different story. Bitcoin miners -- earning more than $15 billion last year, according to data from The Block Research -- would have to be given incentives to switch. Shifting to Proof of Stake is technologically complex, and it has taken Ethereum years to develop and to test the code necessary for the change. Perhaps more importantly, many Bitcoin diehards are adamant against changing the system created by Satoshi Nakamoto, the pseudonymous person or group credited with developing the software.

“I’d put the chance of Bitcoin ever moving to PoS at exactly 0%,” said Chris Bendiksen, a Bitcoin researcher at CoinShares and one of the world’s leading experts on Bitcoin mining. “There is no appetite among Bitcoiners to destroy the security of the protocol by making such a move.”

It is not suitable to change Bitcoin to this now, as it would fundamentally undermine all the trust in it to this date, but this is bad news for Bitcoin in the long run. The world is in the midst of an energy crisis, just look at Europe having to depend on Russian oil & gas while simultaneously sending weapons to destroy the Russian military invasion - it's the height of hypocrisy from both sides. If the energy war does escalate further, then cryptocurrency miners will absolutely be shut down in the EU without a second thought, because although it gives digital financial transparency it has a high energy usage and there are already existing financial networks operating for the majority.

R


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April 02, 2022, 03:41:16 PM
 #46

If the energy war does escalate further, then cryptocurrency miners will absolutely be shut down in the EU without a second thought, because although it gives digital financial transparency it has a high energy usage and there are already existing financial networks operating for the majority.
First of all, the EU can't just shut down cryptocurrency miners. How are you going to figure out if a kid in his room is playing video games or mining Ethereum on his GPU? How do you know whether someone's company just runs powerful electric machines like metal milling CNCs or a few ASICs?
Furthermore, mining isn't big in the EU anyway and banning / shutting it down (it's not possible, but let's assume so), will have 0 effect on energy usage.
It's like saying 'Oh my car is burning too much gasoline, so I'll put in 1 drop of olive oil into the tank, that will surely improve my mileage'. The effect will be negligible.

'it has a high energy usage' it actually has not.
To pick up BlackHatCoiner's The Matrix reference: I believe you're not 'unplugged' yet.

I encourage you to educate yourself, starting maybe with the two video links that I posted:
Have you guys seen the original? I'm linking it here. It's hilariously wrong in all aspects.
https://www.youtube.com/watch?v=0Hdjt0cqLuA

What's even better is that there is also a voice-over which corrects all those mistakes (basically always the exact opposite of what's been said in the original) which is funny but also in my opinion very educational for folks that actually believe what they've heard in the first video (or anywhere else that PoS fans spout their nonsense):
https://www.youtube.com/watch?v=AQq5M04lju4

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April 02, 2022, 08:27:45 PM
 #47

$5M for a FUD campaign? Well it figures, that bank centralized altcoin of his isn't doing so well, as expected.
Of course some of that money is going to politicians, this is a lobby from an interested party.
Bitcoin has so many enemies, people who hate losing their ill gotten power.

The market is simply moving mining from polluting non-renewable sources to clean renewable sources, there is nothing to do here. Of course there is the obvious hidden intention to destroy Bitcoin, yet another one destined to fail miserably as that altcoin of his.

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June 10, 2022, 05:49:29 PM
 #48

We’ve had block size wars, this will be no different. They can fork the code & have their own pussy ass, Greenpeace XRP shitcoin but it doesn’t matter. We might get a bunch of FUD & the bitcoin price will dump a bit but it’s all futile really. Bitcoin will recover & head to new highs in the medium term & this POS shitcoin will trade at pathetic prices.

These people will never learn. They like bitcoin but they hate that they can’t control it. Bitcoin is so amazing that a dozen or so billionaires just can not control it. They can’t change the code, their stinking fiat has no power with bitcoin & that’s what they can’t accept.

This will pass, like all FUD before it. Oh & thanks for the free shitcoins which I will convert to bitcoin.

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June 10, 2022, 08:36:09 PM
 #49

Find the error: They want us to buy electric vehicles to save the planet, which will consume extreme amounts of electric energy, while Bitcoin mining destroys our planet consuming the same type of electric energy.



Bitcoin is not a bubble, it's the pin!
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June 10, 2022, 10:52:44 PM
Last edit: June 10, 2022, 11:06:47 PM by franky1
 #50

Find the error: They want us to buy electric vehicles to save the planet, which will consume extreme amounts of electric energy, while Bitcoin mining destroys our planet consuming the same type of electric energy.

lets add some context too
              miles        battery         miles per
             capacity     cap KW           kw
leaf           150             40             3.75
e-golf        174             36             4.83
ionic          124             28             4.43
focus         115             33             3.48
bolt           238             60             3.97
tesla3        220             50             4.40
             average miles per kw:  4.14

(rounded pencil math for easy demo)
if an average car does ~20 miles a day(just journey to work). an average car uses ~5kw a day
1 asic uses 3kw an hour or 72kw a day.. meaning 1 asic compares to 15 cars

bitcoin network hashrate suggests ~1.5m asics world wide and reports suggest america is 33% of network
thus 500k asics in america

thus, drum roll
bitcoin US represents only 7.5million electric cars...

so if the US government are having electric problems and concerns with the equivalent of 7.5million cars worth of energy of a new tech..
just imagine when all american cars need to be electric.. yep all 289.5million registered cars are needing electric

yep the car industry will be a problem 36X bigger than bitcoin, and that was me being generous with my rounding so expect it to be more
(for the numeric knitpickers, actual decimal number is 36.75769152x)

if america is suffering "capacity issues" about not being able to provide renewable energy to industries like asic farms where they instead want asic farms unable to get renewables to shut down.. then imagine the problem multiplied 36 times when car owners want to get to work each day

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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