Is this really new news?
 

What makes you think that buying something that doesn't exist or you can feel or touch is a really good idea? How air is increasing in such a phenomenal rate is beyond my wild imagination. But then wait a minute, don't take advice from somebody who still wears suspenders because they can't see their hips anymore.

Now are you talking about the stock market or Bitcoin?

So....I was thinking. I have a few tulip bulbs. I am willing to sell one or two.

What's your bid for one?

Before Ethereum’s switch (pre-2022): All crypto mining likely used ~1.5–2.5% of U.S. electricity.

Now (2023–2024): With Ethereum off proof-of-work, Bitcoin makes up ~90–95%+ of crypto mining electricity use. So the total for all crypto mining is still roughly the same range as Bitcoin alone — 0.6% to 2.3% of U.S. electricity generation.

BTC is a giant parasite that provides absolutely no benefit in enhancing productivity or prosperity. What happens when the last BTC is mined? Then comes the massive fees that will be tacked on to every transaction. Or will the the miners go away and transactions will be on the lightning network, virtually eliminating all of the benefits and security of mining?

Or
 

What happens when we have faster computers that can hack any block chain in nanoseconds? In 20 years, people will be laughing.

Said the persons who missed the boat.:a040: Don't feel bad, we didn't get any either.

Just the same as the dollar and coinage, right? Look at the cost of operating the US Treasurer and the printing of dollars, creating coinage, replacing the same when lost, damaged or wornout. Can we even begin to evaluate the parasitic value of creation of the dollar?

You do realize that BTC only comprises less than half the total market cap of crypto? And most of it is transactions are in Tethers which has never been subjected to a credible audit. This is why


There has to be a means of exchange. Soverign currencies can and have been successful when managed properly. Of course if you slash interest rates during prosperous times and expand the money supply at a faster rate than economic expansion then inflation will take its toll. During COVID the Fed demonstrated that.

BTC was designed to be a store of value( and to facilitate criminal activity). But there are extreme risks with custodianship that are not associated with the dollar. Not your keys, not your coin comes with extreme risks. Spend some time reading the horror stories on Reddit. The average person should not touch it with a 10 ft pole unless it is through a reliable broker like Robinhood.

Yes early adopters have become extremely wealthy but they are only a relatively few. The best days are behind it. The only hope for the next leg up is if Trump authorizes the Federal Government to designate it suitable to be a reserve asset

BTC also has the benefit of most of its transactions being conducted not in dollars or another soverign currency but in Tethers which is created almost completely out of thin air.

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