Xavier Zepherious
what value does Gaming do???
huge waste on energy - arcades with video and pinball  run all day long burning electricity for what???
 
i mean i could go  on and on about useless k'rap that waste Electricity or energy for that matter
 
TV, lights, mass transportation (i mean we don't have to travel.... ship stuff yes but travel no)
 
we used to live quite fine without those things over 100 years ago
 
so playing a game does what for you, watching k'rap on TV does what for you?
 
at least mining gets you some $$$$ in your pocket - you  can use your computer, game on it and earn $$$ whats wrong with that

Gaming, we’ll do you not get some value in the play and socialization?  If not, then what is your motivation to play?  Even it is to relieve boredom, there is a value to that.  What “value” does your smartphone have?  Just because it is not a physical thing does not mean it does not have value.  Efficiency of tasks is value.  Relief of stress is value.  What value does anxiety medications have? Blood pressure medication?  Chemotherapy?
 
Your argument here is that because we have wasted electricity of things like TV, lighting our homes at night, street lights and whatnot, that wasting it on this exercise is okay today even though we now recognize the issues this causes with our environment and climate change.  Or are you going to say, “Well, you know what, the climate is always changing.”  Like this is not a scientific statement.  If TVs used the same electricity they did in 1960 then you might have an argument, but today you can run hundreds of TVs off the same kW of a single unit 60 years ago.
 
To extrapolate your argument, why do we have refrigerators in our homes, air conditioning, elevators, do I need to continue.  What do we have computers?  Maybe we should just use candles, smoke signals, carrier pigeons, since they worked so well.  Heck, let’s still barter and pay for our healthcare by giving the physician eggs or chickens.  Heck why even have MRIs and medical technology, as those clearly do not add value to you.
 
The further you go down this rabbit hole and you try and defend that which is not really defendable, the more desperate you seem.  If it takes this much to defend, then should it be defended?  Eventually the ”value” of defending it will not longer be there.

Xavier Zepherious
furthermore most Mining operations in the developed world are actually green - because most people can afford to go green to feed the farm after making $$$ (expanding - solar farms -geothermal)and have a actual net green (zero carbon footprint)

 


This is like saying fracking is environmentally friendly.  We know better.  Even if you use solar or wind for this activity you are diverting it away from better uses.  I will give an an E for effort to defend.
 

Xavier Zepherious
it the poor countries that are the problem - but then again the number of people is the problem more than the mining that is causing the Coal plants in china - it's all those people needing energy - and 99.9999% don't mine

But the .00001% use almost as much if not more than the other 99.9999%.  This sounds like the wealth gap today, but with a skewed use of natural resources.  Why should these folks be allowed to waste this resource?  Why is this okay?  For some imaginary scheme that has some $$ attached to it.  Let me also say that these are still valued as USD.  Until the World starts dong everything in Butcoin, USD is the standard.  The standard is the standard.  I do not think our monetary system is without flaws or issues, but this stuff is like going back to the 1800’s, but you seem to like that time as you think none of the advancements of today have value.  Good luck running your mining rigs on candles.

Kuro1n
Tf are you talking about? I was able to pay some poor guys who couldn't afford food to do some menial tasks for me. The ONLY option of payment I could manage to do was bitcoin and it took me a few minutes. Thats not a scam, thats a working system ffs. Bank transfers are still T+1 which is horrible and that is if you aren't being stopped in some way, I even got stopped from sending myself money, **** banks.

As I said in individual instances, yes. It seems your distain for banks has you willing to support criminals and exploitive behavior. Glad this one time worked out for you and then. Imagine how bad things would be with out banks. Maybe you should try Hawala. I am sure their rates are comparable to 5th/3rd, Regions or Bank of America.

I am sure eventually it will crash. It’s going to take time but eventually people will question the value of it.

Brad_Hawthorne

Grey_Beard
This is not about decentralizaction, freedom or an other cry of those who like this stuff from the beginning.  The dollar is the World standard because of confidence.  Confidence in the fact the US government will pay and that the US economy will continue to march on.  I like the fact he called it a Ponzi scheme, as it is.  I also like, how he discussed the white elephant in the room of the impact on our carbon footprint, the abuse of rural struggling areas of the world and in the demand issue for computer equipment that will, guess what, wreck the environment when they run out their usefulness and are “disposed” of.  Can’t wait for the folks to hope on here and tell me how this is the future.  If it is, the future is a bleak place.  There is no Billionaire who would take his wealth in Butcoin over dollars.  There is no company who will pay their employees and vendors with Butcoin.  Maybe it was a good idea, but the reality is not what the “idea” was.  If financial freedom means destroying the Earth, taking advantage of the less educated places in the world and criminal behavior, then it is not that different than the mindset that got us to this point in the first place.  Greed kills.
 
Oh by the way, never said anything about it being news.  It’s opinion.  Most news stories, believe it or not, include the writers opinion.  I know shocking.

Just a few observations. The encroachment of crypto is a symptom of the failing health of the USD both ideologically and a lack of trust in those who guide it through policy. I don't see crypto as a healthy outcome, as its volatility is manipulated by those that not only understand it's inner mechanics, but further are able to put their own designs on it. This creates what on the outside looks like a level playing field, but internally is a pump and dump scheme for short term money grabs. The legitimacy crypto has gained tells me that those steering the ship on USD have no clue what they're doing.
 
Environment, carbon credits and other arguments are designed to shift monetary influence and have nothing to do with what they're talking about. They're methods of shifting perception monetarily to enrich one set of billionaire companies at the expense of others. It's a shell game for your consumables budget. That is no small chunk of money. What disgusts me most about it is people buy into the misdirection as though it's virtuous. The character flaw I dislike most about people are gullibility and misplaced trust in others that take things at face value at the expense of reason. Some people are playing monetary chess, while others think the game is checkers. Regardless of what financial game people are playing, I have a fundamental distrust of the people writing the rules for those games. Their self interest is at the detriment of everyone around them.

You hit the nail on the head Brad.

Currency has value because people believe it has value, you can argue that green ink on paper isn't worth much, but if people believe it has value, it has value. Will people eventually stop valuing crypto? That might depend on marketing it more than any of the other factors like making sense or being reliable, who is or isn't making money, or who/what is backing it up.

Brad_Hawthorne

Grey_Beard
This is not about decentralizaction, freedom or an other cry of those who like this stuff from the beginning.  The dollar is the World standard because of confidence.  Confidence in the fact the US government will pay and that the US economy will continue to march on.  I like the fact he called it a Ponzi scheme, as it is.  I also like, how he discussed the white elephant in the room of the impact on our carbon footprint, the abuse of rural struggling areas of the world and in the demand issue for computer equipment that will, guess what, wreck the environment when they run out their usefulness and are “disposed” of.  Can’t wait for the folks to hope on here and tell me how this is the future.  If it is, the future is a bleak place.  There is no Billionaire who would take his wealth in Butcoin over dollars.  There is no company who will pay their employees and vendors with Butcoin.  Maybe it was a good idea, but the reality is not what the “idea” was.  If financial freedom means destroying the Earth, taking advantage of the less educated places in the world and criminal behavior, then it is not that different than the mindset that got us to this point in the first place.  Greed kills.
 
Oh by the way, never said anything about it being news.  It’s opinion.  Most news stories, believe it or not, include the writers opinion.  I know shocking.

Just a few observations. The encroachment of crypto is a symptom of the failing health of the USD both ideologically and a lack of trust in those who guide it through policy. I don't see crypto as a healthy outcome, as its volatility is manipulated by those that not only understand it's inner mechanics, but further are able to put their own designs on it. This creates what on the outside looks like a level playing field, but internally is a pump and dump scheme for short term money grabs. The legitimacy crypto has gained tells me that those steering the ship on USD have no clue what they're doing.
 
Environment, carbon credits and other arguments are designed to shift monetary influence and have nothing to do with what they're talking about. They're methods of shifting perception monetarily to enrich one set of billionaire companies at the expense of others. It's a shell game for your consumables budget. That is no small chunk of money. What disgusts me most about it is people buy into the misdirection as though it's virtuous. The character flaw I dislike most about people are gullibility and misplaced trust in others that take things at face value at the expense of reason. Some people are playing monetary chess, while others think the game is checkers. Regardless of what financial game people are playing, I have a fundamental distrust of the people writing the rules for those games. Their self interest is at the detriment of everyone around them.

++++ 100%

I'm using my eyes to mine BAT. 
 
I know there are sites which allow you to purchase bitcoin which don't actually give you bitcoin, they take your money and say you have bitcoin but all you have is the value of the bitcoin in usd and they pocket your money and actually go buy real bitcoin.

Here is another great point of view article on why CRYPTO needs to go  BY- BY !!
 
https://www.wsj.com/articles/ban-cryptocurrency-to-fight-ransomware-11621962831
 
Ransomware pretty much disappears without it....
 
 

Ransomware can’t succeed without cryptocurrency. The pseudonymity that crypto provides has made it the exclusive method of payment for hackers. It makes their job relatively safe and easy. There is even a new business model in which developers sell or lease ransomware, empowering malicious actors who aren’t tech-savvy themselves to receive payment quickly and securely. Before cryptocurrency, attackers had to set up shell companies to receive credit-card payments or request ransom payment in prepaid cash cards, leaving a trail in either case. It is no coincidence that ransomware attacks exploded with the emergence of cryptocurrency.

Banning anything runs counter to the American ethos, but as our experience with social media should teach us, the innovative isn’t always an unalloyed good. A sober assessment of cryptocurrency must conclude that the damage wrought by crypto-fueled ransomware vastly outweighs any benefits from cryptocurrency

if apple pay is gonna use crypto now i think it's a lost cause - it's here to stay
 
furthermore pay pal offered more crypto features today - meaning withdrawl is coming
 
 
anyways the current banking and currency market is a ponzi scheme
 
you borrow from the future to pay to people now or spend now
you borrow now hoping that more people with increase pockets down the road pay more to pay for what you want now
ie i country wants to spend more now - do i'll get more people with more $$ to pay more taxes or $$ years down the road
i(country) get paid free $$ - and others paying for me to get that $$$ at higher costs(thats if they can pay up - if the economy  tanks so does the monetary system and your dollar)
 
basically we are borrowing more and more from our kids futures and are grand kids, and great grandkids and great great grandkids...and so on
increasing the amount of years it will take for our offspring to pay it off every generation
making it an ever increasing debt with no forseeable way to pay it off in the future
there will be a reckoning down the road
 
sounds to me like ponzi
 
why not start paying your taxes - or increase them at least to the wealthy
 
 
at a bank - lending is the same way - and not every lender pays up
you pay interest - and are getting others to pay more - hopefully to pay for it all *they could all go belly up and the person who has $$ in bank could be in for a sad fate when the bank says they are broke
sure its insured- but 100k only... so if you are a millionaire you go for rich to poor overnight
 
so again the whole system is a ponzi scheme
 
oh you say it's back by gov??? you think they are gonna replace everything you lost??
look at the last real depression
 
with the amount governments owe already - any collapse will lead to complete collapse of the system, the gov and the dollar
it a ponzi scheme on the verge of a major collapse at any moment - look at the last few downturns in the economy where we had to bail out banks, companies and people
 
a crypto currency  IS a stab at the CURRENT BAD MONETARY POLICIES of the world
 
basically the world is wanting a currency not manipulated or controlled by a single country

Grey_Beard

Xavier Zepherious
what value does Gaming do???
huge waste on energy - arcades with video and pinball  run all day long burning electricity for what???
 
i mean i could go  on and on about useless k'rap that waste Electricity or energy for that matter
 
TV, lights, mass transportation (i mean we don't have to travel.... ship stuff yes but travel no)
 
we used to live quite fine without those things over 100 years ago
 
so playing a game does what for you, watching k'rap on TV does what for you?
 
at least mining gets you some $$$$ in your pocket - you  can use your computer, game on it and earn $$$ whats wrong with that

Gaming, we’ll do you not get some value in the play and socialization?  If not, then what is your motivation to play?  Even it is to relieve boredom, there is a value to that.  What “value” does your smartphone have?  Just because it is not a physical thing does not mean it does not have value.  Efficiency of tasks is value.  Relief of stress is value.  What value does anxiety medications have? Blood pressure medication?  Chemotherapy?
 

I think going outside and playing with your friends would be more social and entertaining.
When I was young we actually went out side to play games. Most of the time it involved balls.
Baseballs, basketballs, tennisballs, soccerballs. We got exercise doing it, burned off some calories.
So people should turn off the computer, get off the couch and go outside and play with their balls.
If you have no balls to play with, play tag, or have foot races, go fishing, swimming, take a hike in the woods.
Sitting on the couch all day playing video games can't be good for your health. 
 
Gaming and miners are not the only ones who want a video card, some like to do Folding at Home & BOINC.
EVGA and Nvidia support Folding and BOINC using GPUs to find cures and other scientific research.
We would love to be able to get a new GPU as much as anyone else.
I do my Folding/BOINC for EVGA's teams, but there are Foldingcoin, curecoin and gridcoin to earn.
So you can do some good for humanity while earning some coin
Myself I am staying away from all the xxxcoins. At least for now.
At least gamers can buy a Xbox to game, they seem to be in stock.
This shortage too shall come to pass. Hang in there.
 
 

I shall create a hippie currency🤔. It should be called hippcoin.😆
The masses of hippies is off the charts 👀

This is amazing. Thanks for sharing. Totally agree. There's no value being created here. Just printing money for video card companies and early entrants at the expense of the fools who bought last.

atfrico
I shall create a hippie currency🤔. It should be called hippcoin.😆
The masses of hippies is off the charts 👀

Behold the "Hippie Coin".