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He probably speculates, like the degenerate speculators, that it won't end up there. Why push around everyone to consume differently while distributing vast am
by xwolfi 5y ago
He probably speculates, like the degenerate speculators, that it won't end up there.
Why push around everyone to consume differently while distributing vast amount of tax money that immediately go into more wasteful crypto ? It will not stay at 1% and I agree with the OP that it's going to be difficulty to reduce electricity wastage on one end while ignore the elephant baby in the crib taking over the room.
I'm a random internet person in Hong Kong. I have a friend mining half his rent in a hotel room who decided that he doesn't need to pay rent the "normal way" anymore, he can just sleep next to a cluster of mining machines in a hotel room. Is he the stupid one, or am I, paying 3000 USD of my own money monthly ? I have another friend who lost half his saving in shitcoin speculation, I have colleagues who made a 10x profit this year, I mean it's all fucking around me and it's very hard to say it's just a 1% part of an important problem.
I feel sometimes it's going to become the main problem. I can't wait for a mega crash to calm down all this excess. I can't accept I'm the idiot working the traditional way to make traditional money paying for traditional things while the futuristic gamblers mine their hotel room fees on a bet I'm going to eventually be forced into using their tokens at whatever cost when it becomes legal tender, locking the future price into making them billionaires.
- throwaway6734 5y ago>I'm going to eventually be forced into using their tokens at whatever cost when it becomes legal tender, I'm assuming the large nation states would attack these tokens before allowing this to happen and I don't think any token ecosystem could withstand a strong nation state attack
- Applejinx 5y agoWe have a test of that unfolding, with China. If bitcoin is more powerful than China's state power I'm prepared to believe it is more powerful than any nation-state. Don't know if it's going to work out quite that way though.
- dnautics 5y ago> I can't accept that... For your own sanity I suggest you stop taking the process of getting rich so seriously. It doesn't make sense, nor is the fact that it doesn't make sense a singularity in the grand scheme of time, it has been known since ancient days (I'm not religious, this is just evidence of it's timelessness): "I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all"
- zivkovicp 5y agoThis is 100% correct. Chance is such a significant factor in the outcomes we observe in our lives, yet the majority of us have been fooled into believing otherwise. Sometimes you just have to do what you feel is right _for you_, and hope for the best.
- Applejinx 5y agoYou're not the idiot. You're really, really not. Reality matters :)