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12-06-2017 , 05:44 PM

#79026

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,097

N/m didn't refresh...nice catch

12-06-2017 , 06:16 PM

#79027

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,626

It's not like the analyses would have been more than button clicking, anyway. Dem prognosticaters

12-06-2017 , 06:38 PM

#79028

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,097

Bitcoin is a globalist plot to drive energy prices insane, wrecking everyone but themselves?

True? Or is the energy stuff about bit coin overhyped?

12-06-2017 , 07:18 PM

#79029

filthyvermin

Carpal \'Tunnel

Join Date: Mar 2008 Posts: 60,138

lol at kokiri's brexit posts

12-06-2017 , 08:20 PM

#79030

master3004

Revisionist Historian

Join Date: Mar 2010 Posts: 56,419

Quote:

Originally Posted by Luckbox Inc

Bitcoin is a globalist plot to drive energy prices insane, wrecking everyone but themselves?

True? Or is the energy stuff about bit coin overhyped?

Each block requires more energy to mine. Word is that the current energy input in order to mine is equal to the country of The Netherlands, and within a year just mining bitcoin will be equal to the energy input of the US.

Is it true? Possibly. Mining takes a **** ton of energy to do. Just look at the rigs that are out there for mining. Its pretty nuts.

If true, its going to become a problem sooner than later. If anything causes governments to step in and regulate things, it will be that.

12-06-2017 , 08:23 PM

#79031

master3004

Revisionist Historian

Join Date: Mar 2010 Posts: 56,419

"The value of Bitcoin has skyrocketed over the past year, putting past price spikes to shame. A single Bitcoin is now worth more than $11,000, but the drive to accumulate Bitcoins has also driven energy consumption to mind-boggling levels. Mining Bitcoin now consumes more than 30 terawatt-hours of power globally, which is higher than the individual energy usage of 159 countries."

https://www.extremetech.com/extreme/...-159-countries

Unsure about the source. I'm not finding a ton of info, and the wiki is fairly sparse, so take with a grain of salt. But it isn't the only website out there talking about it, and the 30 terawatt-hours number seems to hold across most sources.

12-06-2017 , 08:24 PM

#79032

vaya

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,156

So Russia bans bitcoin and the astroturfers start spreading conspiracy theories about it

12-06-2017 , 08:30 PM

#79033

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,097

https://arstechnica.com/tech-policy/...plained/?amp=1

Here was the article that I read on it

12-06-2017 , 09:40 PM

#79034

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,268

Quote:

Originally Posted by eyebooger

S&P 500 nearly tripled during his time in office.

Considering what happened right before he got in office he should be embarrassed by this statistic.

12-06-2017 , 09:43 PM

#79035

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,268

Quote:

Originally Posted by pwnsall

There's always money to invest.

Honestly the govt could probably just give money to people to come up with sham businesses to employ people and it wouldn't be a bad idea.

The s and p and Bitcoin probably a product of QE.

You are ignoring the fact that for the government to give people money for doing nothing they have to take money from people who are actually creating economic growth.

I have heard the argument that the S&P is on a sugar high 100 times because of QE, but that doesn't make the argument any less wrong.

12-06-2017 , 09:56 PM

#79036

DWetzel

Carpal \'Tunnel

Join Date: Mar 2009 Posts: 42,349

Quote:

Originally Posted by bahbahmickey

Considering what happened right before he got in office he should be embarrassed by this statistic.

this is another in a long line of legitimately ******ed statetments

12-06-2017 , 11:47 PM

#79037

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,626

Quote:

Originally Posted by bahbahmickey

No they don't.

People doing nothing will always have the goods they consume being produced by someone else, of course.

12-07-2017 , 01:00 AM

#79038

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,097

Google's deep mind teaching itself chess in 4 hours and then destroying stockfish 28-0 might be crazier news than bitcoin consuming as much energy as the world uses today by 2020.

12-07-2017 , 08:22 AM

#79039

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,268

Quote:

Originally Posted by DWetzel

this is another in a long line of legitimately ******ed statetments

He walked into a situation that he couldn't possibly not look like a hero. The market and economy improved under him in spite of him. Not because of him.

12-07-2017 , 08:24 AM

#79040

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,268

Quote:

Originally Posted by pwnsall

No they don't.

People doing nothing will always have the goods they consume being produced by someone else, of course.

How does the government give people money without taking from someone else? Hint: just makes they aren't taking it now from them doesn't mean they aren't taking it from them.

12-07-2017 , 08:51 AM

#79041

iamnotawerewolf

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Join Date: Jul 2011 Posts: 31,482

The government creates money, bahbah

12-07-2017 , 09:59 AM

#79042

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,097

Lots of voices on the right including GOP senators like Grassley calling for Mueller to be fired.

The conspiracists are calling it a trap though and saying that Mueller actually wants to be fired and that that would be the big push for impeachment.

It's an interesting theory.