Stupid goyim, 1 gorrilion billion CO2 is created when mining cryptoshekels

Stupid goyim, 1 gorrilion billion CO2 is created when mining cryptoshekels.

Global warming is fake

CO2 is plant food.
Plant more trees, faggot, and the "problem"'s solved.

It uses CO2?

yeah, let's fucking heat up the planet and melt all the icecaps so that we can live a dream of being rich for a few seconds, but realize that we can never fucking cash out and then dump all this en masse, while posting pink wojaks and committing suicide.

/biz/ is the biggest cancer. Coiners are idiots

it produces CO2, because it takes a lot of power to run those computers 24/7

the logic being most electricity in China is from coal power plants

So why did they say 'use'? Does the Grauniad not have editors?

i think wasting so much energy just to "mine" and transfer digital bits that people think has value is a sign of extreme degeneracy.
people can't think in real value anymore. that's why society is going downhill more and more.

Too bad you can't shut it down, faggot.

try "fucking cashing out" your bank dimwit...

Mostly soyboys write articles with some loud wet hole spouting shit like GDP is sexist once in a while. A trip to the Guardian exposes me to more cancer than reddit in a single dose.

>24000 visa transaction/s vs BTC's 7 per second.
also i can cash out from my bank anytime however much I want, since nobody is cashing out en masse and there is no bank run. You just got served

None of Algore's palatial homes have solar panels. Therefore according to Algore global warming is a hoax.

STOP USING CRYPTO

ITS THE CURRENCY OF CHILD PORNOGRAPHERS AND TERRORISTS

ITS A PONZI SCHEME

WOMEN ARE UNDERREPRESENTED IN THE SPACE

ITS OVERWHELMINGLY USED BU WHITE MALES

DONT AVOID REDISTRIBUTING UOUR MONEY TO PEOPLE OF COLOR

AND ITS BAD FOR THE ENGIRONMENT!!!!!!

money isn't value, it's a representation of value

If using energy to mine bitcoin is degenerate, then so is using it to mine gold, which primarily has value because of its properties as money (inb4 my jewelry and electronics)

Sup Forums all you'll need to take down the jews is a few bitcoins, even one will do the trick within a few years.

>Not using superior algae to get rid of CO2
It's like you enjoy sucking the Jewish tree industry's cock

i don't get why people think gold is just the same as bits on a computer. real value doesn't mean "based on human valuation". it means what IS existing and of value in the real world without humans "giving it value".
and objectively gold is a rare metal. bitcoins are just binary states on some harddrive.

man. i don't get it. feel free to think how you want. for me there is a huge difference between currencies and real matter.

on exists in nature, one is just a concept in human brain. concepts in human brains ceise to exist without human believing in it.

if you bought gold 5000 years ago, you'd still have gold now. anything else used as currency just vanished.

A Sup Forumsack would even enjoy crashing the whole market without survivors, because for him the fabled materialistic gains are completely irrelevant compared to the all encompassing HAPPENING.

>muh godl
Gold is practicly useless alloy with scarse supply. Its only valued because everyone agreed on its value.

(((Alex Hern)))

>Alloy

It is not useless and even used in your space shit. The cosmetic value is complete bullshit.

Bitcoin mining is fucking retarded. It's not producing goods or services. It produces nothing. It is literally a waste of energy.

metal, happy now? in reality what you call gold is an alloy

>useless

You obviously have no knowledge about technology and all the applications for gold.

The German is correct, you are just a low IQ Russian who can't understand what he is saying because your eyes glow red when you hear about cryptocurrency. No doubt your Asiatic genes waking up.

We mine gold so we can have gold around.

We mine Bitcoin to have Bitcoin around.

It would be more costly to not mine it because it wouldn't be around if we didn't.

So what if it's rare?

My dingleberries are rare, not enough for everyone in the world to have one, but that doesn't make them valuable.

However being rare/scarce is one component of being an effective form of money - along with fungibility and some other characteristics. (Aristotle wrote about this).

>real value doesn't mean "based on human valuation"

It literally means exactly that. Gold has very little objective value. US dollars have even less. But we value them because they are useful abstractions. If one day everyone stopped believing in their value, then they would have none.

Hhow much energy do you think is spent transacting and supporting USD and other national currencies? Every store has one of those card machines running all day and there are thousands of banks and ATMs all consuming power.

If you compare bitcoin to the pool of relevant national currencies bitcoins probably uses vastly less resources. But yes there should be efforts on developing more efficiently mined coins, but the thing is it's that energy consumption that makes it valuable

If by an alloy you mean there's an autismally small percentage of other metals in it, then it is. But for all intents and purposes it's as good as pure. Unless you mean jewellery gold, which is obviously an alloy, and also not what gold is traded as.

Bitcoin is a good

Who cares, bitcoin is crashing anyway.

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:
- boring grey in colour
- not a good conductor of electricity
- not particularly strong, but not ductile or easily malleable either
- not useful for any practical or ornamental purpose

and one special, magical property:
- can be transported over a communications channel

we poosting gardian, op?

Alex Hern is a pussy.

It's the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange.

I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste

Walked out in the snow today and thought that global warming couldnt come soon enough.

It came literally out of fucking nowhere, my car was stuck and I had to dig it out.

Actually you're wrong, less than 9% of mined gold is used in electronics. If you valued it on its usage it would be 91% less valuable.

it is fucking blatantly obvious that cryptocoins are going to be the world currency of the future
and there is no way that bitcoins were just an idea of some random guy, it took a fucking team of humans to come up with and implement this

Go live in Shanghai if you don't believe pollution is a thing.

I stopped caring about the planet when white nations stopped being a thing. Maybe I'll care when we don't face having our entire legacy uprooted. Otherwise the planet can die :).

>using the power consumption of GPUs as data when ASIC machines exist

The globalists and bankers hate POW because it means they can't change the past and steal. That is what is designed to do. It is basically impossible to corrupt the Bitcoin blockchain which makes the crooks furious.

>segwit
they will steal all the coins

what ever happened to the ozone? is anyone else here old enough to remember the ozone stuff

>dont spray this can of hair spray and dont use this cleaning product, the ozone layer will get a big hole and the sun will come through to gas us all!

it seems like those concerns just magically disappeared

they banned hair spray in US

Nah man there's a huge hole in the ozone layer right above new Zealand and a whole bunch of chemicals got banned

Youre an idiot

The CFC ban actually worked. Imagine that...

How come we've never heard a notable person using bitcoin?

It's a total waste which profits greedy neckbeards and Chinamen with no real value created. Do something useful with the CPU cycles while generating coins and there might be a point.

bill gates loves bitcoin

because you don't care about shitcoins, /biz/ still shivers from katy perry post about btc

It was the particular chemicals used. The ozone hole is slowly closing.

Funny. You have most of the knowledge of humanity at your fingertips, and you can't be bothered to google shit.

But you can regulate it which is why coins all crashed.

>Do something useful
It is something useful you twit. It means no one can corrupt the blockchain.

if you use jewgle us to search for it the first thing that comes up is

>Whatever Happened to the Ozone Hole?
Twenty-five years later, the lingering "hole" over Antarctica is close to closing—and that may not be entirely a good thing.

why read through the entire article to try and figure it out when you could just ask some passionate australian autist instead

DO NOT DECENTRALIZE MONEY GOYIM!!!!

Sup Forums really needs to make its own cryptocurrency to bring down the banks. My vote for name is Jax, or anything related to Andrew Jackson

The literal only use for cryptocurrency is illegal/shady activity.

>Expecting the jew to not monopolize the algae industry when he can use it both as global-warming fodder and the ultimate food source to control the world

>coinbug bullshit
Hahahaha....

The block chain is not imaginary and there is a limited supply of bitcoins.

Gold is a real physical material that has useful chemical properties. Mining materials out of the ground isn't useless, even if it's not the most efficient use of our time.

Mining bitcoins is literally a pointless fuel burning ritual that precedes the bitcoin distribution.

The soul thing holding crypto back from being seen as a serous replacement is outragous transaction fees.

That and the fact the average human being has trouble remembering an 8 character long password.

That, and the fact that shady shit like MT Gox and bitconnect go down and hundreds of millions disappear in an instant into some crook's pocket. Give me a bar of fucking gold in my room over that shit any day.

>atoms in a particular position have more value than atoms in another position
Please dude. Gold have never been valued before the 18th century for its chemical properties. And there is a reason bitcoins are 'mined'

>Gold have never been valued before the 18th century for its chemical properties.
Gee, why the fuck do you think that is? I don't think they had gold plated signal connectors, satellite heat shields, and such in 1776 last I checked.

>Gold have never been valued before the 18th century for its chemical properties.
We still have the gold that was mined back then. It's still useful. In the future, we may find new applications where gold is useful then.

My point is that the real stuff has real applications. Bitcoin mining is literally pointless. It could be designed much better.

like, instead of mining the bitcoin, they can have you donate a dollar to a charity fund for a chance to win a lottery... and if you win the lottery, you get a bitcoin.

>It could be designed much better.
this is why we have alts you fucking autist

I would gladly volunteer to take that one punch if we got to punch him 300 times in return

>STOP CRITICIZING MY SHITCOINS

If it were an obvious point, then nobody would be disagreeing with me.
Explain why I am facing opposition when I state the obvious.

ever noticed that these faggots that clearly fit in the tree hugger range never talk about planting fucktons of trees to fight co2 ?

It is necessary for the transactions to keep going.

>thinking that shiny crap has inherent value
things are only valuable because we treat them as valuable. 99% of real currency today isn't even backed by gold - it's all just credit. all money is a meme.

Ever notice that you wouldn't have to plant fucking trees in the first place if neckbeard coinbugs weren't wasting energy jerking off, Helmut?

>/biz/ is the biggest cancer. Coiners are idiots
reposting this for idiots who refuse to read it the first time.

> Explain why I am facing opposition when I state the obvious.
The only thing obvious about your posts is that you have no clue about whats going on. BTC is a dinosaur that is about to die, it was a test for a tech and tech worked, now real more thought through solutions are being implemented, yet you nocoiners sperg left and right without even thinking about what you're saying.

So you are telling me you need the thing to do the thing itself basically...

So do you people not know what a pyramid scheme is?

Cause that is sure what it looks like to me... huge mania phase... everyone left when the music stops is out

>BTC is about to die

You're delusional. It's going to be the most expensive crypto for a while.

You can say it's about to die when you can name me the coin that will surpass it. Until then, you're just another retard on the internet with a worthless speculation.

> You're delusional.
It lost 50% of its market share in a month and keeps on dying. It lost 2% today as well even while recovering from yesterday's shitfest. If you think this drop is just your average weekly dip then I have bad news for you. Eth will be ahead by the end of the year and not because eth will grow but because btc will finally die.

listen cletus... and whos fault is it ?
if your shit country had not fucked up currencies with constant printing of money and overspending there would not be a need for a sound currency.
also whos country is locking free and clean energy devices away for ages only to suck the arabic oil cock ?

Precisely what I am afraid of.
Consolidating economic power to a digital medium is precisely why people want to audit the Federal Reserve. Without a tangible asset to back a currency it becomes easier to manipulate and consolidate to benefit the people in power.

I don't know shit about bitchcoin so correct me if my concerns are exaturated.

Did you just make this in paint?
Am I on Sup Forums?

No, you're wrong. It's good for a lot of things, just not as a reserve currency (and in the long run as an actual currency) nor for crime because it's an open ledger.

>but because btc will finally die.
No, go over to biz. Many people still unironically believe it will go to $100k.

People are going to stay in the game with the hope that there will be a bounce. This crash is something that most people were predicting... and the prediction included a bounce afterwords.
Beliefs like that don't just break overnight. It's going to take a while before btc goes all the way down.

Both wrong. Cointards like you fail to see what wasteful, garbage, technology this is burning CPU cycles to perform useless computations/networking any network could do 1000 times more efficiently (that is, if you are not trying to create an artificially scarce resource through pointless effort increase).

Quantum computers will be the last nail in the coffin.

Literally name one thing it's better for than any of the already numerous ways to transfer bank funds, or credit cards.

He's right, but shouldn't worry : Crypto simply can't work because it requires too much power for one simple transaction. Look at how the GPU prices tripled just because of ETH. Now imagine if just one little country used that money.

This faggot dreams of mining gold without using electricity.

PoS coins are Zimbabwean fiat.

Bitcoin is gold.

The headline and the nose tell me the author is Jewish, but I'm not certain.

>let me give you my expert opinion
>btw what is PoS
this is fucking painful to read desu

>Look at how the GPU prices tripled just because of ETH
One thing I do, however, enjoy about all the coinbuggery is the thought of all the manchildren cursing them when trying to build a new gaming computer.

Its much the same as any FIAT currency. None of them are backed by anything of value.

icecaps are an exception on planet earth..life had no problems without icecaps...
you should be happy about every it of heat that you can get before we go into another iceage...

Gold and Bitcoin share the same distribution mechanism.

Different than fiat.

Also Bitcoin has different properties.

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:
- boring grey in colour
- not a good conductor of electricity
- not particularly strong, but not ductile or easily malleable either
- not useful for any practical or ornamental purpose

and one special, magical property:
- can be transported over a communications channel

>CO2 from the computers of NEETs mining bitcoins poisining the air gassing 6 million jews per day

is bitcoing /ourcurrency/ ?

KEK