Peter Zeihan - in a world of carbon taxes, cryptos net worths is negative

[LegendaryK]

Satoshi still has millions of BTC stashed away that no one knows of.

Evidence isn't your strong point, is it?

You ignore any evidence put in front of you , if it is not btc cult propaganda , so why waste my time, you're still be delusional.  

Plus calling Proof of Stake "better" than Proof of Work merely because it's "wasteful" shows that the person doesn't understand that Proof of Stake is a system for consensus by comittee. Proof of Stake will always be inferior than Proof of Work. It's simply the truth, ask any capable developer who is not a charlatan.

 

You and your Black Kat, both start your btc proof of waste shilling shift at the same time.
Every developer with any intellect is switching to Proof of Stake, the only charlatans I see are you Proof of Waste promoters.
Notice there are no new PoW coins for years, it is because proof of waste is a dying tech, and everyone with a brain knows it.

Next is where you lie, and say BTC PoW is the best and the crap can barely get 7 transactions per second, Lame Tech.  

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[cryptosize]

Legendary Knob

[BlackHatCoiner]

You ignore any evidence put in front of you

Shut your mouth for once, and show me the evidence that Satoshi owns a million coins.

Every developer with any intellect is switching to Proof of Stake

Ever thought that Proof-of-Stake is attractive to developers, because they're the first to acquire most of the coins? Ever thought that it requires no investment either? Securing a brand new protocol with Proof-of-Work requires purchase of expensive infrastructure and energy spending.

Next is where you lie, and say BTC PoW is the best and the crap can barely get 7 transactions per second, Lame Tech.

Ever thought that Proof-of-Work has absolutely nothing to do with the transaction capacity?

Congrats, though. Being so wrong about something must take effort.

[Smartprofit]

Im a fan of Peter Zeihan and in general agree with many of his arguments, such as China collapsing by 2030 due to demographics and Germany falling down the economic ladder fast due to its reliance on ever-more expensive fossil fuels. So that's why Im torn on his views on crypto - hes usually right.

He goes on to say "crypto is the poster child for the environment from 1990 - 2022 when we had unlimited volumes of capital. Now with that the money is going away, crypto is going away"

My take on this is that yes, while there will be less capital going forward, fiat is still created at the whim of commercials banks, therefore the idea of a digital cash that cant be debased is a powerful one. On future carbon taxes, which I agree with, the bitcoin network can easily operate on a fully renewable grid - the problem with renewables is they are intermittent and the energy requires storage. Neither of these limitations apply to the Bitcoin network.

at 53min 20 - https://www.youtube.com/watch?v=aHUoMmKDLUI

Peter Zeihan is a very intelligent and original philosopher and futurist, but I disagree with many of his conclusions. 

Yes, China has a very large population.  So far, however, China has been very successful in meeting all strategic challenges.  The history of China is 5,000 years old.  China is incredibly antifragile (to use the terminology of the philosopher and writer Nassim Taleb). 

The situation is similar with Germany.  Germany is a great country in which people are very smart, disciplined and focused on the development of scientific and technological progress.  Such a country will never abandon the industrial path of development and switch to growing vegetables. 

As for Bitcoin, its significance for Humanity is enormous.  In the context of the collapse of globalization, only Bitcoin and cryptocurrencies can provide economic interaction between citizens of different countries.

[LegendaryK]

You ignore any evidence put in front of you

Shut your mouth for once, and show me the evidence that Satoshi owns a million coins.

Every developer with any intellect is switching to Proof of Stake

Ever thought that Proof-of-Stake is attractive to developers, because they're the first to acquire most of the coins? Ever thought that it requires no investment either? Securing a brand new protocol with Proof-of-Work requires purchase of expensive infrastructure and energy spending.

Next is where you lie, and say BTC PoW is the best and the crap can barely get 7 transactions per second, Lame Tech.

Ever thought that Proof-of-Work has absolutely nothing to do with the transaction capacity?

Congrats, though. Being so wrong about something must take effort.

I would not know, since I am right and you are just a paid PoW shilling nutjob.

Go find the evidence that Satoshi owns millions of coins yourself, as you claim to be so smart.  

Any jackass can create a proof of waste coins using btc or ltc model and immediately merge mined with them.
The fact no one bothers anymore shows everyone knows PoW is dying.  

Want to explain why btc PoW model is so pathetic it is limited to 7 onchain transactions per second.  
Include Blockstream in your answer, 

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He's worse than CSW fangirls...

[BlackHatCoiner]

I would not know, since I am right and you are just a paid PoW shilling nutjob.

I earn 0 from Proof-of-Work supporting companies like Blockstream.

Go find the evidence that Satoshi owns millions of coins yourself, as you claim to be so smart.

There are none.

Any jackass can create a proof of waste coins using btc or ltc model and immediately merge mined with them.

Now you're just throwing random terms just to seem knowledgeable. Any developer can create Proof-of-Work based cryptocurrencies, but he needs to either acquire computational power or convince others spend it for his network's security, none of which is attractive in comparison with just minting coins without the work.

[LegendaryK]

He's worse than CSW fangirls...

Says another cult member, did you car pool with black kat and wind-stink.

https://www.banklesstimes.com/how-many-bitcoins-does-satoshi-nakamoto-have/

According to Lerner’s estimates, a single miner may have processed around 22,000 blocks in the first year of Bitcoin, and may have gathered
1.8 million Bitcoin

Notice: The tracking was only to a single miner, any additional mined coins from other satoshi rigs would have escaped detection.
So the reason he has sold so few is he sold a shitload no one knew he had.  

I would not know, since I am right and you are just a paid PoW shilling nutjob.

I earn 0 from Proof-of-Work supporting companies like Blockstream.

 
Yeah right you spend all of these years and all of those other alts, and you don't get paid by blockstream or join in their little btctalk club member meetings.

Go find the evidence that Satoshi owns millions of coins yourself, as you claim to be so smart.

There are none.

If you read the top reply , you're feeling pretty duh, right now.
Close your eyes and pretend Satoshi had no bitcoins, and was the savior you dreamed he was.  

Any jackass can create a proof of waste coins using btc or ltc model and immediately merge mined with them.

Now you're just throwing random terms just to seem knowledgeable. Any developer can create Proof-of-Work based cryptocurrencies, but he needs to either acquire computational power or convince others spend it for his network's security, none of which is attractive in comparison with just minting coins without the work.

Any Jackass can setup PoW merge mining , even you.
https://academy.binance.com/en/glossary/merged-mining

Merged mining refers to the act of mining two or more cryptocurrencies at the same time, without sacrificing overall mining performance. Essentially, a miner can use their computational power to mine blocks on multiple chains concurrently through the use of what is known as Auxiliary Proof of Work (AuxPoW).

Doge currently merges mined on LTC, and plans to dump the crap Proof of Waste mining before the global Bans ,
Doge will be evolving to Proof of Stake for the higher security , faster performance, and energy efficiency , oh and to avoid the coming PoW bans.
 

[BlackHatCoiner]

Notice: The tracking was only to a single miner, any additional mined coins from other satoshi rigs would have escaped detection.

You know that there were others mining in 2009, right? Don't believe everything you read on the internet. Pseudo-evidence isn't science.

Ugh. Derailed another thread with this idiot. Apologies, I'll stop.

[LegendaryK]

Notice: The tracking was only to a single miner, any additional mined coins from other satoshi rigs would have escaped detection.

You know that there were others mining in 2009, right? Don't believe everything you read on the internet. Pseudo-evidence isn't science.

Ugh. Derailed another thread with this idiot. Apologies, I'll stop.

Satsohi mined 1.8 milllion coins from 1 rig , are you so clueless that you really only believe he was running only 1 rig.
Odds are he was running a minimum of 4 rigs and possibly 8 rigs.(Anyone sharing a blockchain is running a minimum of 4 nodes especially in the old days.)
So his real bitcoin total is most likely over 7.2 million bitcoins.

Yes showing how stupid you are is derailing the topic.


So to get back on topic,

Peter Zeihan has stated Bitcoin is a Dumpster Fire.
https://coinpedia.org/opinion/geopolitical-strategist-and-author-peter-zeihanpeter-zeihan-thinks-bitcoin-is-dumpster-fire/

Peter said, “so the boomers right now are in the most liberal investment environment of their lives they’re the largest generation this world has ever had so capital costs for the last couple years have been the lowest they’ve ever been and in a couple years they’ll be the lowest they’ve ever been and in a couple years they’ll be the lowest they’ve ever been and in a couple years they’ll be going to be very very high because all that boomer liquid capital is going to go away it’ll be locked into t-bills in cash.”

Why Bitcoin is Heavily Reliant on Government Laws!

Bitcoin is emerging in this environment where money is free; it will not be here in a couple of years; it is not a store of value; it is not a method of exchange; it is not readily shiftable into the real economy. We’ve discovered with the Russian sanctions that it is completely reliant on the normal financial system for access. This means it is vulnerable to anything the government might do; it has already been banned in ten of the world’s top twenty economies; and in terms of currency. If you ever get a carbon tax it will be having a negative value so yes there’s nothing about bitcoin that’s been here for a long now as mentioned by Peter.

He pointed out the recent global situations where anyone living in a war zone country like Ukraine where people are fleeing and cannot access the ATM, here Bitcoin comes as a savior as if they can get across the borders they can easily access their private wallet from anywhere and that’s what brings the Bitcoin on the radar of government regulations and that’s why it is being banned in many countries. It is a sure-shot case of money laundering and it’s certainly not good enough to be used regularly in any sort of civilized system.

FYI: Carbon Taxes will mainly screw over Proof of Waste coins such as btc and ltc.