Bitcoin will consume all energy on the planet

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Peace and Harmony

muy contento
True & Honest Fan
kiwifarms.net
Dołączono
24 Sty 2015
And it's all Congress' fault because they failed to write laws for other countries.

bitcoin.jpg


Cryptosperging belongs in this thread.
 
This make no sense, no matter the lens you look at it with. This is chem trail levels of crazy and I know there's a lot of nutjobs out there with ridicule beliefs but this tweet shows how little he knows about how the world works on a fundamental level. China boogieman theories are fairly common and hold some water but the second tweet closes the deal.

It's not that he is afraid more power consumption will lead to more contamination, that coal and oil will become scarce or even that overcharge of the power lines will cause blackouts. No, he is unironically saying that "electricity will run out by 2020" as if it were mined from another dimension.
 
How can bitcoin use 100% of all energy on Earth? Even if everyone and their mother had bitcoin farms running 24/7 how could that stop people from turning on the lights, riding their cars or using the internet? How could the the US Congress force China to control its own electrical supply? How does any of this shit make any sense?
 
How can bitcoin use 100% of all energy on Earth? Even if everyone and their mother had bitcoin farms running 24/7 how could that stop people from turning on the lights, riding their cars or using the internet? How could the the US Congress force China to control its own electrical supply? How does any of this shit make any sense?

It doesn't. John is a pathetically stupid ignoramus who needs some shit mansplained to him with a baseball bat.
 
If there's any man on the planet qualified to translate autism into cryptospeak, you would be him.
It seems like Johnny read two headlines:
"Bitcoin now consumes more energy world-wide than the bottom 121 energy-consuming countries" and
"Chinese Bitcoin miners represent plurality of Bitcoin miners"

The bottom one is about the infamous 51% exploit. If 51% of miners on the blockchain conspire to forge transactions, they can. Imagine a game of Mafia where the Mafia now represents the plurality of the town and can vote by themselves to lynch innocent town members. The Chinese miners are also bullies and will sometimes stop mining, causing a huge delay in network traffic. Sort of like this:


He then took these two completely independent ideas and smashed them together with the kinetic force of large orbital stones being maliciously hurled at his brain.
 
You would have obligated the federal government to control 50% of bitcoin at taxpayer expense? What the.

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This is what it looks like when you have an aneurysm and maintain the ability to use a keyboard.
 
I just hope the bitcoin miners don't realize that if they attach a GPU to moon rock then drop it off the moon then the GPU can USE the energy from reentry to print money. As an engineer I can say these things with some degree of surification.
 
I just hope the bitcoin miners don't realize that if they attach a GPU to moon rock then drop it off the moon then the GPU can USE the energy from reentry to print money. As an engineer I can say these things with some degree of surification.
Better yet, we can use the energy consumption of bitcoin mining to stop the moon rocks when some villain eventually attacks the earth with them. We'll turn his evil plot into a brilliant business opportunity for us, and we'll be heroes.
 
I swear to god, if she starts screaming about nuclear-equipped walking tanks, I'm going to write several sternly-worded letters to the DNC and question if they're laughing as hard about this as we are.

Im pretty sure someone is going to create a version of the piss tape that involve Putin supervising the creation of Metal Gears and John is going to receive it and screech about it
 
"China attempting to take over the world's electricity using Bitcoin" sounds like an aborted Deagle Nation arc, that ends with Jace attempting to infiltrate a Chinese buffet and getting chased through the woods by the cops.
Congrats Wu, you've outdone a fictional character in goofy conspiracy theories.
 
This is genuinely one of the most awe-inspiringly stupid things I've read in weeks.
 
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