SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (168534)2/14/2021 4:16:36 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218872
 
Pure madness like SPARC companies what is behind BTC except speculators?

At least currencies issued by a recognized state reflects the economic value of that state more or less and if the economy is weak and on an inflation run the value of the currency weaken or vice versa.



To: TobagoJack who wrote (168534)2/14/2021 4:21:50 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218872
 
TJ get real BTC if related to a stock is % wise a rise from a low of 30 to 48 nothing special in today's unrealistic markets.

The rise is puny if compared to the run-up of KOSS or GME



To: TobagoJack who wrote (168534)2/14/2021 4:28:02 AM
From: Haim R. Branisteanu1 Recommendation

Recommended By
marcher

  Read Replies (2) | Respond to of 218872
 
The environmental idiocy of Tesla’s bitcoin bet
Tech companies should avoid pushing pointless power hungry applications
ft.com

Earlier this month, Elon Musk offered $100m to fund a competition to find new ways of removing carbon dioxide from the air or water. To win a slice of the cash on offer, competitors have “to create and demonstrate a solution that can pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way”. The move helped burnish Musk’s green credentials, doubtless appealing to all those buyers of his Tesla electric cars who pride themselves on doing their bit for the environment. Yet before swallowing this green image, both they and Tesla’s shareholders might be wise to take a closer look at how the company is actually spending their cash.

----------------------------------
Nor is this especially clean power. As de Vries points out, bitcoin miners are not interested in intermittent renewable energy. Needing to run their machines 24/7, many site their operations in places with cheap coal-fired electricity, such as Iran, Xinjiang province in China and Kazakhstan. In one case last autumn, a US bitcoin mining group even struck a deal to rescue a closing coal-fired station in Montana. This fossil-fuel fixation leads to a humongous carbon footprint. According to a 2019 paper, the bitcoin network was estimated to have a carbon intensity of 480-500g of CO2 per kilowatt hour (KWh) of electricity. A comparable figure for the UK power network would be around 250g CO2/KWh.

Tesla’s intervention is likely to make those numbers worse. Higher bitcoin prices encourage more miners to hook up to the network. Cambridge University’s Judge Business School tracks bitcoin energy usage. In recent days, this has risen to levels equivalent to annual consumption of 121TWh — or roughly the size of the entire Dutch economy.



To: TobagoJack who wrote (168534)2/14/2021 6:10:33 AM
From: maceng21 Recommendation

Recommended By
ggersh

  Read Replies (1) | Respond to of 218872
 
I am glad to see Hong Kong is looking to crack down on money laundering.

A guy called Chris Duane has recently said that the bank known as HSBC always was, and still is, a money laundering criminal exercise.

Timed from here (998 seconds)

youtu.be

and goes on to spread rumours of many highly speculative claims about silver.

I would not let any young or naive silverbugs listen to his interview as it's almost pornographic material as far as silver bugs are concerned.




To: TobagoJack who wrote (168534)2/14/2021 1:27:11 PM
From: carranza2  Read Replies (1) | Respond to of 218872
 
Caanan a scam or the real thing? I don’t know, but it has been a very profitable short-term trade. Its claims are not limited to bitcoin mining but also to other things I don’t necessarily care for.

youtube.com