A 124-year old hydroelectric plant is using its power to mine Bitcoin

wiyosaya

Posts: 6,367   +4,679
It's clearly doing something to help preserve the element of this 124 year old power plant and small town in society.

But that doesn't matter to you if you can't get your 120 FPS in Fortnite, I guess.
Over 10,000 crypto currencies have failed. And yet there is somehow people out there that are willing to generate power through an obsolete power plant for this?

IMO, it would be better to just let this plant fail and the affected people move on with their lives rather than sustain hope in a way that is likely to fail also.

 
Hey, the guy is not supporting bitcoin other than to make money off it. He is protected when it crashes and he might have moola to go on to better things. Life goes on.
 

cliffordcooley

Posts: 12,919   +6,250
But that doesn't matter to you if you can't get your 120 FPS in Fortnite, I guess.
You are barking up the wrong tree. I don't play Fortnite. I'm happy with 30 FPS. Which is exactly what my GTX 660 provides. While I do play a part in wasting electricity. It is nothing on scale with this bitcoin mining ponzi scheme.
 

terzaerian

Posts: 969   +1,416
IMO, it would be better to just let this plant fail and the affected people move on with their lives rather than sustain hope in a way that is likely to fail also.
Hot take from Wiyosawa: "let them starve"

As I've said before, crypto is a shield against your malice.
 

cliffordcooley

Posts: 12,919   +6,250
Well, I guess you deserve a shot at this. Why is bitcoin a Ponzi scheme? Fact based please Cliff.

If you read through that and can't see crypto. You have blinders on. Sure they didn't create rules that make it a ponzi scheme. They way people invest makes it a ponzi scheme. At least Wall Street has people monitoring it to help curb misuse. Yeah that's right I did just call Wall Street a ponzi scheme.
 

terzaerian

Posts: 969   +1,416

If you read through that and can't see crypto. You have blinders on. Sure they didn't create rules that make it a ponzi scheme. They way people invest makes it a ponzi scheme. At least Wall Street has people monitoring it to help curb misuse. Yeah that's right I did just call Wall Street a ponzi scheme.
A ponzi scheme requires a Ponzi - e.g. a first party con artist that administrates and directly profits from the scheme.

Can you please identify the Ponzi for crypto?
 

cliffordcooley

Posts: 12,919   +6,250
A ponzi scheme requires a Ponzi - e.g. a first party con artist that administrates and directly profits from the scheme.

Can you please identify the Ponzi for crypto?
Just because it lacks one criteria to actually be considered a ponzi scheme. That doesn't make it any less dangerous. And I will continue to call it one to spite your refusal to recognize.
 

wiyosaya

Posts: 6,367   +4,679
Hot take from Wiyosawa: "let them starve"

As I've said before, crypto is a shield against your malice.
Their drive for survival will lead them to something else like it always does for someone in that kind of situation. I cannot help if if you are unable to see that. No matter what BS you try to imply about me, I will not validate your decision to "invest" in crapto. As I see it, it is far from stable and stability is what those people need, IMO.

Interesting that you think that something that could lose all its value in a relatively short period of time is a reliable shield. IMO, a better shield would be them training for something that is considered to be sustainable and has a future. "Quick fixes" rarely stand the test of time.
 

scavengerspc

Posts: 1,574   +1,587
TechSpot Elite

If you read through that and can't see crypto. You have blinders on. Sure they didn't create rules that make it a ponzi scheme. They way people invest makes it a ponzi scheme. At least Wall Street has people monitoring it to help curb misuse. Yeah that's right I did just call Wall Street a ponzi scheme.
I can't do it brother. I ain't buyin it. I just see that as too much of a reach to make the connection.
 

scavengerspc

Posts: 1,574   +1,587
TechSpot Elite
Seriously people get richer causing others to loose money. And you don't see a connection. Yeah I suppose that is possible, if you are not looking.
Ok since your imagination is getting down right obnoxious, I have no choice so here it is. Last Spring, I sold every last bitcoin I had accumulated since 2014-15 and I didn't mine a single one. The MOST I paid for any of them was $588 for some I bought in mid 2015. I made an obscene amount of money. Unlike your ridiculous Ponzi scheme comparison, not one penny I made came from someone else's pocket. Unless you count the people that lost money because they placed their gamble before a price drop. And again, that is another version of the stock market.

So the reason I can't make the connection is that I deal only with the facts. My imagination has no say, and you really should look into that.
 
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