Home Bitcoin News Bitcoin (BTC) Over hyped Getting Replaced By 2.0 Coins

Bitcoin (BTC) Over hyped Getting Replaced By 2.0 Coins

Bitcoin (BTC) Overhyped Getting Replaced By 2.0 Coins

Michael Saylor Shared: The civilization that channels energy most effectively always wins. Bitcoin.

Community Response:  The civilization that squanders the most energy by channelling it into Bitcoin loses.

BTC is not energy efficient.  Exactly, why it is being replaced by 2.0 coins and why Bitcoin and Crypto are OVERHYPED.

There are a lot of projects which appear now, and I think that they are quite empty, a lot of NFT and other unnecessary, in my opinion it is necessary to invest in large-scale projects such as the PoID network.

Bitcoin does not channel anything.

Electricity > BTC. No power no Bitcoin. No energy no Bitcoin. To have BTC first should have resources to produce power. BTC have about 12 years history, gold – thousand year’s history, and yet it’s still value. So, I do not agree with all what Michael said. BTC is just alternative.

Yes. Bitcoin is the monetary asset in the digital age. Almost all wealth is currently digital so that is not a knock-on Bitcoin at all. Without electricity, we are back in the stone age regardless of what our monetary system is.

With all that Bitcoin you have, just getting more fiat for you that’s it.  You cannot get energy out of it – pure and simple. BTC consumes energy just look at it.

Bitcoin is the worst crypto asset from an energy use point of view. Efficient energy use involves minimising increases in entropy. Bitcoin does an awful job at this.

Energy saving and environmental protection are the most starting point. I don’t recommend mining it, but ETH does a good job. DeFi will not waste electricity.

Have you read the disclaimers when you stake crypto assets? If you lose your assets, you lose and waste energy.

Michael, thanks for giving me the opening to speak to Tucker about bitcoin. I left the Bitcoin Standard for him to read and this was his response. Onward.

No control over a system = Submission to it. Machine don’t understand context, blockchain either, it’s just a decentralized log. As always, will depend on how we use it. And btw, digital energy is fuelled with what? Big holes still need answers in this theoretical perfection.

I believe Bitcoin will exist forever. So, this is a good reason for me to keep buying BTC on BFX. Waiting for a new ATH.

Why Bitcoin always > gold and Fiat currencies.

So elegantly put, I wish I had this vocabulary/knowledge when explaining Bitcoin to my peers.

Lol me too, but I don’t have a MIT engineering brain nor decades of CEO experience. So, I just go: listen to Saylor.

After first hearing “digital energy” from Mr. Saylor about six weeks ago, I finally understand it. Now, I feel stupid for not getting this simple concept sooner.

All the other commodities you mention are actually being used to produce things.  Unlike Bitcoin which falls for this nonsense?

Long term games with long term people. This is how we win.

Also, the great wall of 45,500 dollars Bitcoin will not be broken today! See ya some other day – Bears!

You don’t know what you are talking about Saylor. You are trying to justify your investment by spewing whatever comes to your mind. You are bending facts, history, laws and what not just to fit your narrative i.e., confirmation bias.

Bitcoin wastes electricity. Therefore. your statement is correct. Any nation that buys Bitcoin is squandering resources.

Bitcoin is concentrated energy. Fiat is concentrated violence.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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