iNow

Oh, please. This isn’t about the Israeli people or even about the country itself. This is all about Benjamin Netanyahu being at his weakest ever point since first getting elected, being unable to even form a coalition government, and facing numerous corruption charges. This response is his way to deflect and redirect attention so he can retain power like all good autocratic leaders do. It’s part of the playbook, and we’ve seen this exact movie plot multiple times before.

Bitcoin does not continue to require energy payments from the buyer once it’s been purchased. It’s not an appliance. It’s not a vehicle. You don’t have to put gasoline into the tank to make it work once you have it. What a ridiculous comparison you’re making. Would you like to try again, or simply do the mature thing and retract or refine your claim?

Perhaps if you said the sky is blue, you wouldn’t be required to back it up. Instead, you said “demand is very much affected by energy consumption.” That’s NOT obvious, so yes. It needs to be backed up. You made a claim. That claim has been challenged. You can support it, refine it, or retract it. Those are your options, but the onus is on you to do at least one.

No. It's volatility due to public statements by people and companies with significant holdings. For all we know, their public statement about energy consumption being their reason was a lie. How does this require explanation? I call bullshit. Feel free to back this up with a valid source. For now, I believe the source is your rectum.

Volatility comes mostly from demand… as in supply and demand. It’s unrelated to energy consumption or mining in any direct sense.

This suggests the volatility results from the practice of mining. That doesn’t seem correct.

You misspelled fascism

I suspect this is part of it, sure. Your take / question here, though, actually considers the situation from the opposite direction than where my own thoughts on this were. My sense was that this destruction of the broadcast building was more about preventing news about what's going on there from getting OUT of Gaza and visible to the rest of the world instead of preventing information from getting IN to Gaza so they have reliable external info, but surely there are elements of both.

Then you weren’t paying attention well enough Seems reasonable Suspect this is more a function of limitations in human memory and recall than of spacetime itself. Good point. Limitations in vision matter, too… but as sensei already highlighted, we tend to be rather bad at paying close attention. Depends on which model you’re using to describe them. Are they quantized or continuous…

The same people who invest in stocks. Or go to Vegas / Macau … or who have enough money to burn to venture into these new financial spaces. See also: NFTs Please clarify what you think was the original aim of virtual money. I’m not at all following your point.

Pretty sure nobody here is blinkered enough to suggest Fauci ought to be dismissed based on misguided words from Rand Paul so that last post likely wasn’t necessary.

Correct, and that’s precisely why I mentioned externalities. People who are comfortable with volatility / have a higher risk tolerance and who see a higher potential for gain than loss by investing.

Unsure if I’m missing something or if maybe this was an autocorrect fail, but did you happen to instead mean immunology, or even immunoregulation or immune mediated diseases?

That does not follow. You may as well be saying that bananas are yellow because this month is May.

Apologies, but the translation here is difficult to parse. I’m not clear what you’re trying to say. Previously, you said only gold and silver are accepted as payment. No matter how you translate that, it’s wrong.

As I noted in my first response, the owners of the hardware pay the electricity bills, and everyone else pays the externalities.

This is part of the reason miners tend to setup their servers in locations where electricity is extremely cheap. Even within countries, the costs of electricity can vary tremendously from one region to the next.

Then your existing knowledge completely ignores how the vast majority of the world actually functions and can be dismissed as not being relevant to the discussion here.

I think I’d have better luck picking up a turd by the clean end than having a rational intelligible conversation with this OP.

You’re either misrepresenting the theory or the theory is wrong. I’d bet it’s the former. No, it doesn’t. Automation is not the only response to competition. For example, companies could instead build better products that are more desirable to buyers, or which better fit the demand niche. Your views on this are being presented so simplistically that they’re not even wrong. Here’s a spot, however, where you should be more simple. Profits happen when revenues exceed costs. End program. This isn’t exactly rocket science.

This is basically what we do already with regular non-printed currencies offered by governments. Because it’s at the heart of the entire process and ensures transactions are valid / not being double counted. They’re also responsible for “minting” bitcoins into circulation. The miners are the folks who validate “blocks” (about 1MB) of Bitcoin transactions and those blocks are what get added to the blockchain. Technically, Bitcoin could still be used without miners, but it would also mean no more bitcoins would ever be created. We could also stop mining gold, or rare earths and just use what we’ve already pulled out of the ground, but it puts a serious limit on what we can do. Instead of stopping mining, we should be focusing on sourcing our energy around the entire globe in a cleaner and more sustainable way. https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

You’re basically asking me how people earn money to pay their bills. You need to ask better questions.

Not the users. The miners. And that’s just electricity bills. There are what economists call “externalities” that should be considered, too. Those are costs paid by others due to the choices of those doing the mining.

You're generalizing too much here. Laziness is not the relevant metric. In fact, it's often said that the worlds very best engineers are the ones who are truly lazy, for they are always seeking ways to do things more quickly and efficiently so as to minimize their own time investment requirements. Either way, this isn't a thread about laziness or some puritanical work ethics. It's about the concept of money itself.

I dunno. I kinda appreciate being able to so easily tell when I’m interacting with a deluded paste eater who STILL after all these decades continues rejecting the absurdly obvious truth of evolution by natural selection. It keeps things more authentic and efficient that way.