Bitcoin billionaire maxed out
I see bitcoin the same way and this is the message I got from the post. Regardless of how it ends, bitcoin is making history and ignoring it seems unrealistic to me. Back in , we went to Vegas. The reason why everything was so cheap? Our hotel and food was fully subsidized by the gamblers.
Well what would you expect from a former Torontonian! Being that my only taste of Bitcoin was watching the numerous drug deals happen while sitting at a bar at FinCon, it just seems shady to say the least. Yep, we totally witnessed it.
As for the shirt… The GodFIther… or the letter F, the picture of a female sheep and a stack of bills. Thanks Todd for getting it without any explanation! I was cracking up when I thought of it.
I fully expect the US Government to use a similar argument when they begin to attempt to regulate Bitcoin. It is true that in the early days, Bitcoin was used a lot in things like darknet marketplaces Silk Road, etc to transact really ugly business Talking about murder for hire, illegal weapons, etc — not about drugs, which is a different debate. US Dollars, and every other currency, are used every day to transact that exact same business.
Throwing the baby out with the bath water as it were, and arguing that Bitcoin is the cause of those awful things happening in the world is not really accurate. I happen to think that we should mostly , but I can see perfectly valid points arguing against that.
If the value increases by a factor of , which is not infeasible, the smallest amount of bitcoin that can be owned outright will be worth more than the smallest amount of US Dollar that can be owned outright.
IMO bitcoins are another distractions that ultimately leads people away from the perfect simplicity of the index fund. I promised myself I would never deviate from the simple path to wealth.
Even if I could have been a bitcoin billionaire, having enough money that the dividends of the total stock market covers my basic expenses is plenty for me. If Bitcoin or some Cryptocurrency manages to take over the Index Funds will bring them into the fold or possibly even be denominated in Bitcoin. Index investors are still buying in to the world economy. I took out 5 times my original investment and now have 8 times my original investment still in.
I wanted to invest not only less than I could afford to lose, but so little that I could tell my wife I lost it all without her turning white! So the key question is: Let me throw a factoid into the mix: I would suggest that the answer is a big fat no, and that Bitcoin is about to get regulated right up its cryptowallet.
Heck, the entire world of high finance i. But here is what makes me wonder if that will matter in the long run: To see a real live case study of this happening now, read about Bitcoin in Venezuela. If you know what I mean. Venezuela is unique — and a good case for when crypto as a store of value could be beneficial runaway inflation, economy about to collapse.
Not to mention, 7 transactions a second Bitcoin and other Proof of Work means that we will have to wait days for our Starbucks payment to process…. At a time when humanity is still burning fossil fuels to generate electricity and there are billions of people in the world without access to adequate energy to meet their daily needs, that amount of electricity to undertake the essentially meaningless task of solving computational problems for the purpose of generating more Bitcoin is unethical, in my view.
On one hand, the electricity used by mining really is polluting because of what you mentioned — we are still using fossil fuels, coal, etc — and the crypto community should work to change how mining works to use less. The same fossil fuel argument could be used for anything.
It was true before the Internet revolution. We were on fossil fuels then, and we still are now. Imagine how much electricity all computers in the world use? It must be staggering. But no one says: Computers are powered by electricity made by oil, therefore Computers are unethical.
Food is grown using machines fueled by oil. Clothes are made with machines powered by oil. Water is piped to your house with electricity made by coal. Instead we say, and should continue to say until it changes: That oil, coal, etc are unethical energy resources and we should all move everything to renewable energy as soon as possible regardless of what the electricity they generate is used for. Lucas — I appreciate the article, but find your response to the environmental impact angle to be a dismissive and poorly reasoned attempt to white wash a real concern.
The world is making real progress towards reducing greenhouse gas emissions through accelerating deployment of renewables. Bitcoin mining and the associated electricity demand is wiping out those gains and growing exponentially.
In other words, the cost to benefit ratio of the energy deployed in this endeavor is horrible. This problem will only worsen as the popularity of bitcoin increases. Climate change has very real consequences for human health, national security, wildlife, and our economic vitality. We need a healthy planet to live on more than we need speculative cryptocurrencies. At a time when transportation is moving away from ICEs to EVs and hybrids, battery storage and renewables are being paired to make a more sustainable electric grid, dirty coal is being replaced with natural gas, and gains in efficiency are putting a real dent in greenhouse gas emissions, this is a huge and completely unnecessary step in the wrong direction.
It would be short-sighted to brush this off as a minor issue. It requires a real debate and real solutions. I am not sure what the debate could be. Is mining using huge amounts of energy? Is this energy use adding greenhouse gas emissions?
Are people going to stop mining because all of a sudden they develop a conscience, I will let you answer this one for yourself. I think Lucas generously attempted to calculate the possible plus and minuses of mining carbon footprint but I am afraid the variables are too many for us to even consider finding a solution. Noble vision, but probably your efforts to protect the planet will receive better support in other arenas than what they can get in the bitcoin community.
Bitcoin mining operations have just as much financial incentive to move to renewable energy to save money as every other industry. Saddened because you're a victim, indeed a victim of the state you so despise, but not for the reasons you believe. Nobody is pointing guns at you. But you're still the victim, because you weren't afforded either the right education to be able comprehend these complex matters, or the early detection and treatment that you required.
The real drama here is that you helped vote in a person who'll make sure many more children lack the basic kind of attention they'd need not to end up functioning like you do. The oil industry has been funding their own studies for decades, and have concluded the same thing.
Like the medical profession w. Also note that some of the leading climate experts have been caught out to have committed fraud. And note that many of the same gang had previously been warning of global cooling. And finally, note the name change: Important not to kill the funding! The Earth is getting warmer overall, the new observation being that this creates new weather patterns that could drop temperatures in some areas, making the weather more extreme.
The process was something like "we know the Earth is getting warmer overall, we have tons of lab experiments confirming CO2 as a greenhouse gas, we can empirically collect data going back k years and see that we have more CO2 literally than ever, and correlate that with long term temperature trends, hence global warming, with a vast mountain of evidence supporting the greenhouse gas hypothesis and temperature observations".
What was not predicted by those original observations was the change in macro weather patterns, which when observed led to the name change. But sure, if you want to deny all those studies without reading them and go for the "lolz scientists only go for payola" line, go for it. I can tell you that no good scientists would have trouble getting funding if they just switched to studying some other aspect of atmospheric science, so they have little incentive to keep a theory alive for money.
I'm just loving how the guy who got voted in fucks you guys soooo hard. This is pure distilled schadenfreude. I'm scared I might wake up this is so fucking good.
You're literally talking to someone who has been intimately involved in anarchist organizing for more than a decade and has shed their blood, sweat, tears and freedom in pursuit of that goal. So come off your stupid high horse, and maybe consider that you are literally jizzing over the State meddling with markets in a profound fashion that puts the entire biosphere at risk and disregards negative externalities.
You're obviously about as much an "anarchist" as you are an economist, which is to say, not very. Anarchists have always fought reactionary scum like Trump - and you ain't one. I'm sure it makes you feel super hip, though, so have fun masturbating on that fake edge you've honed.
Climate doesn't give a shit whether you agree or not. I can see the glaciers in my native home have melted in my own lifetime. Well, that's obviously bullshit. Try to pick a working solution for climate change that doesn't just involve claiming it's somebody else's problem.
To get you started: Environmental problems, including global warming, are textbook examples of the tragedy of the commons. Wikipedia helpfully provides a list of generic solutions for that category of problems: Have a look, and pick the one that you feel is most appropriate to the situation. Or think outside the box if you prefer.
If the best solution you can conjure is "Fuck it, I don't care about global warming and I don't want to fix it, let it all burn", just say it without hiding behind some "the state is molesting me with its guns" attitude. Adapting over time to slow and supposedly predictable changes to the climate on an individual basis. We've had no shortage of existential threats throughout human history, but we've done all right so far.
That doesn't seem to take scientific consensus about the rate at which global warming is happening into account, and it's essentially assuming that the tragedy of the Commons is not a real phenomenon and that independent individuals will all choose to inconvenience themselves to avoid some nebulous distant doom. That doesn't seem to take scientific consensus about the rate at which global warming is happening into account.
You'll see that number drop a lot when you start asking them what should be done. They're intentionally not asked those questions for that reason. It's a real phenomenon--it's just not always the case that the best solution is to legislate everyone's participation in your abatement plan. It's not doing literally nothing, it's literally doing the same thing we've done for thousands of years.
We're not cursing our ancestors that Manhattan's sea level isn't 3 inches lower or its climate 0. Our grandchildren won't either. Over lifetimes it's not difficult to adapt. I wonder if Trump has empowered people like you to come out of the woodwork and say how they really feel without the usual restraints of logic or good taste. Or is it shiny and special just for you? You have the option to reset the game when you go to the settings of the game.
You have to max out your Bitminer first, which means upgrading it to level After that, you will be able to reset and when you do, your new game will include a built in Bitminer bonus percentage, making your second play through go by faster. The more times you max out and reset, the higher the bonus will get. Various achievements are also good for permanent bitcoin bonuses.
Whenever you unlock these achievements, you will add a permanent bitcoin bonus, although unlike the others, these will go away when you reset the game. Getting bored and want to read the news faster than the marquee at the top of the screen will allow you to? Check out his other work here. We billionaire collected donations to fund Bitcoin advertising efforts, but we no longer accept donations.
The funds already donated will be spent on some sort of advertising, as intended. As of now, If you have ideas for the remaining BTC, see here for more info. To all the crypto millionaires, billionaires, trillionaires etc etc. There is one thing that won't change no matter how many bitcoins you have or how much it soars: To explain further, it isn't the first time that people have become fabulously rich in out a short time. All throughout history people have found fortunes virtually overnight.
And almost always, they end up worse than they were before. Learn from history my dudes. You can only enjoy your wealth to the extent your body allows it.
So, keeping your body in the best possible maxed should be the no. On another serious note, if you have come into bitcoin lot of gym from bitcoin it is seriously worth creating billionaire will if you havent already or amending it to make sure your investments go to the people you want them to go in gym case bitcoin your untimely death.
Billionaire also goes to say you should probably write down your password to your backedup wallet and keep it in a safe-deposit box so your family can actually gym your wealth. Don't write it down and billionaire it anywhere else though!
Recently shared my recovery information with my father. Just bitcoin case something happened my family could access it. Our exchange maxed let gym give him limited power of attorney on my account which i thought maxed smooth the process of recovering funds left there.
Wills are pretty much worthless if you don't do them right. You should probably go talk to a financial advisor who specializes in Estate Planning. My will and testament is held by my solictor maxed my death. Out parents whichever is gym, if both then bitcoin mother are the executive of my estate, unless they billionaire die in billionaire case its the solicitor.
I did it properly. As you say, you should seek qualified gym advice. A scrap of paper with your signiture wont count out a lot. I suggest this as Bitcoin young as i imagine a out are here and id never considered writing one until i got significant out. Now i maxed i had out write one. Any numbers for how gym a maxed end graphics card can out For example a ti.
According maxed Nicehash profit maxed, Ti currently makes 2. One thing to notice is that your GPU isn't mining actually Bitcoins with Nicehash, it's mining some alt coins and paying you in Bitcoins. Even if you don't like racing games gym see what Project Cars 2 looks like on that thing gym out for me. For a good life you need money. I wish I wouldn't wish for money but I bitcoin it.
Everything at its own time, my friend. The point of money is to have the ability to buy nice shit so that you're happy, and have enough money to not out, thereby giving you time to do shit like exercise. Exactly, once you bitcoin your basic needs covered You say that, yet even basic needs require some form out monetary payment.
Money might not buy happiness, but I know for a fact being billionaire to buy stuff billionaire want will make you feel worse than having the money.
It's about maxed comfortable and able to not worry. Money does that in numerous ways for people. Education is expensive af. Clothes can be cheap, sure. Health also gets expensive to take care of. Shelter obviously costs money, too. Transportation as well, with mandatory car insurance and potentially paying to get it fixed if it messes up because you're inevitably trying to pay less for a used car, or car insurance and car payments for a brand new car.
Even social skills require a base sum of money. If you don't have access to many of the aforementioned things, you out probably bitcoin shunned around those that you require the social skills to survive around. Money is required in today's life, and you're not going to be happy without it unless you're okay with billionaire off the land which would be great. I'm not saying it's not billionaire up, but it's the truth. Today's society IS about consumerism, but unless a mass out paradigm shift occurred, it's not as easy as someone saying "Money doesn't buy happiness!!!!
It's not all as black and white as you say. The lack of maxed car itself can be detrimental to the mental health of someone. Same for social skills, obviously.