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Barclays

Barclays

September 5, 2015 No Comments

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Exposing the Unintended Consequences of Digital Trends

DigiEconomist
Retweet on Twitter Digiconomist Retweeted
DigiEconomist avatar; Digiconomist @DigiEconomist ·
30 Nov 1598010719697776640

These mining devices aren’t just rapidly becoming electronic waste, the miners also found a way to drag down the rest of the ecosystem along with them. https://twitter.com/silvermanjacob/status/1597982715877683207

Jacob Silverman @SilvermanJacob

Bitcoin miners took out hundreds of millions of dollars in loans, using mining machines as collateral. Now they're defaulting and the lenders are getting mining equipment that no one wants to buy. https://www.bloomberg.com/news/articles/2022-11-30/crypto-lenders-woes-worsen-as-bitcoin-btc-miners-struggle-to-repay-debt
Reply on Twitter 1598010719697776640 Retweet on Twitter 1598010719697776640 6 Like on Twitter 1598010719697776640 27 Twitter 1598010719697776640
Retweet on Twitter Digiconomist Retweeted
DigiEconomist avatar; Digiconomist @DigiEconomist ·
30 Nov 1598007872805564416

You can compare with whatever you like, but wasting up to 1% of global electricity production on generating useless random numbers in the middle of a climate emergency and energy crisis makes no sense no matter how you look at it. https://twitter.com/sysmannet/status/1598006757057781761

Alex Petrov @sysmannet

@DigiEconomist How comparing with Country size may describe emission ?
Iron & Steel is - 10% of al EU, that's like 6 EU countries ? should we avoid steel ?
transport is 47% ~ 15 countries - possible we should ban transport ? there is the your logics
imho hunting for 0.02% economy is stupid way
Reply on Twitter 1598007872805564416 Retweet on Twitter 1598007872805564416 6 Like on Twitter 1598007872805564416 41 Twitter 1598007872805564416
DigiEconomist avatar; Digiconomist @DigiEconomist ·
30 Nov 1598010719697776640

These mining devices aren’t just rapidly becoming electronic waste, the miners also found a way to drag down the rest of the ecosystem along with them.

Jacob Silverman @SilvermanJacob

Bitcoin miners took out hundreds of millions of dollars in loans, using mining machines as collateral. Now they're defaulting and the lenders are getting mining equipment that no one wants to buy. https://www.bloomberg.com/news/articles/2022-11-30/crypto-lenders-woes-worsen-as-bitcoin-btc-miners-struggle-to-repay-debt
Reply on Twitter 1598010719697776640 Retweet on Twitter 1598010719697776640 6 Like on Twitter 1598010719697776640 27 Twitter 1598010719697776640
DigiEconomist avatar; Digiconomist @DigiEconomist ·
30 Nov 1598007872805564416

You can compare with whatever you like, but wasting up to 1% of global electricity production on generating useless random numbers in the middle of a climate emergency and energy crisis makes no sense no matter how you look at it.

Alex Petrov @sysmannet

@DigiEconomist How comparing with Country size may describe emission ?
Iron & Steel is - 10% of al EU, that's like 6 EU countries ? should we avoid steel ?
transport is 47% ~ 15 countries - possible we should ban transport ? there is the your logics
imho hunting for 0.02% economy is stupid way
Reply on Twitter 1598007872805564416 Retweet on Twitter 1598007872805564416 6 Like on Twitter 1598007872805564416 41 Twitter 1598007872805564416
Retweet on Twitter Digiconomist Retweeted
DigiEconomist avatar; Digiconomist @DigiEconomist ·
23 Nov 1595363981241237504

As long a Bitcoin runs on proof of waste BTC does not have a viable path towards $1M even if buyer interest was there, because there is zero chance regulators would tolerate the energy costs of a $1M Bitcoin (and will likely ban Bitcoin well before it ever gets there). https://twitter.com/BitcoinMagazine/status/1595175062222606338

As long a Bitcoin runs on proof of waste BTC does not have a viable path towards $1M even if buyer interest was there, because there is zero chance regulators would tolerate the energy costs of a $1M Bitcoin (and will likely ban Bitcoin well before it ever gets there). https://t.co/VTJuBYo8eN
Bitcoin Magazine @BitcoinMagazine

JUST IN: Cathie Wood tells Bloomberg she thinks #Bitcoin will be worth $1,000,000 by 2030

Reply on Twitter 1595363981241237504 Retweet on Twitter 1595363981241237504 17 Like on Twitter 1595363981241237504 65 Twitter 1595363981241237504
DigiEconomist avatar; Digiconomist @DigiEconomist ·
23 Nov 1595363981241237504

As long a Bitcoin runs on proof of waste BTC does not have a viable path towards $1M even if buyer interest was there, because there is zero chance regulators would tolerate the energy costs of a $1M Bitcoin (and will likely ban Bitcoin well before it ever gets there).

As long a Bitcoin runs on proof of waste BTC does not have a viable path towards $1M even if buyer interest was there, because there is zero chance regulators would tolerate the energy costs of a $1M Bitcoin (and will likely ban Bitcoin well before it ever gets there).
Bitcoin Magazine @BitcoinMagazine

JUST IN: Cathie Wood tells Bloomberg she thinks #Bitcoin will be worth $1,000,000 by 2030

Reply on Twitter 1595363981241237504 Retweet on Twitter 1595363981241237504 17 Like on Twitter 1595363981241237504 65 Twitter 1595363981241237504
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