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June 14, 2014 No Comments

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Digiconomist@mastodon.nl Follow 16,278 14,095

Exposing the Unintended Consequences of Digital Trends. @digiconomist@mastodon.nl

DigiEconomist
Retweet on Twitter Digiconomist@mastodon.nl Retweeted
DigiEconomist avatar; Digiconomist@mastodon.nl @DigiEconomist ·
31 May 1663866761274425346

Even after counting for the effect of reward halvings, a $1B Bitcoin would give miners more than three times the entire current US federal budget to waste on hardware and electricity (current $10 billion annually, which led to them consuming half a percent of global electricity).

Even after counting for the effect of reward halvings, a $1B Bitcoin would give miners more than three times the entire current US federal budget to waste on hardware and electricity (current $10 billion annually, which led to them consuming half a percent of global electricity).
Luke Broyles @luke_broyles

$1 billion #Bitcoin...

Fidelity's @TimmerFidelity thinks #BTC could reach $1 billion by 2038, or 15 years from today.

This would make one sat worth $10.

Who knows if 2038 will be right... However if #Bitcoin thesis is correct there is no logical conversation rate for USD. 🤯

Reply on Twitter 1663866761274425346 Retweet on Twitter 1663866761274425346 2 Like on Twitter 1663866761274425346 6 Twitter 1663866761274425346
DigiEconomist avatar; Digiconomist@mastodon.nl @DigiEconomist ·
31 May 1663866761274425346

Even after counting for the effect of reward halvings, a $1B Bitcoin would give miners more than three times the entire current US federal budget to waste on hardware and electricity (current $10 billion annually, which led to them consuming half a percent of global electricity).

Even after counting for the effect of reward halvings, a $1B Bitcoin would give miners more than three times the entire current US federal budget to waste on hardware and electricity (current $10 billion annually, which led to them consuming half a percent of global electricity).
Luke Broyles @luke_broyles

$1 billion #Bitcoin...

Fidelity's @TimmerFidelity thinks #BTC could reach $1 billion by 2038, or 15 years from today.

This would make one sat worth $10.

Who knows if 2038 will be right... However if #Bitcoin thesis is correct there is no logical conversation rate for USD. 🤯

Reply on Twitter 1663866761274425346 Retweet on Twitter 1663866761274425346 0 Like on Twitter 1663866761274425346 3 Twitter 1663866761274425346
luke_broyles avatar; Luke Broyles @luke_broyles ·
31 May 1663703755034902528

$1 billion #Bitcoin...

Fidelity's @TimmerFidelity thinks #BTC could reach $1 billion by 2038, or 15 years from today.

This would make one sat worth $10.

Who knows if 2038 will be right... However if #Bitcoin thesis is correct there is no logical conversation rate for USD. 🤯

Image for the Tweet beginning: $1 billion #Bitcoin... Fidelity's @TimmerFidelity thinks Twitter feed image.
Reply on Twitter 1663703755034902528 Retweet on Twitter 1663703755034902528 296 Like on Twitter 1663703755034902528 1410 Twitter 1663703755034902528
DigiEconomist avatar; Digiconomist@mastodon.nl @DigiEconomist ·
27 May 1662476585121853441

@SlackerX3 @DecentraSuze Crusoe is not contributing to any CO2 savings and they hardly pretend to. Their pitch deck on this matter reveals it's just a fossil fuel production booster.

@SlackerX3 @DecentraSuze Crusoe is not contributing to any CO2 savings and they hardly pretend to. Their pitch deck on this matter reveals it's just a fossil fuel production booster.
Digiconomist@mastodon.nl @DigiEconomist

Went through Crusoe Energy’s pitch deck for Digital Flare Mitigation that seems to be the backbone of the numbers presented here. Unsurprisingly, all use cases involve opening up new wells and pushing up production on existing wells. 🙄

Reply on Twitter 1662476585121853441 Retweet on Twitter 1662476585121853441 0 Like on Twitter 1662476585121853441 0 Twitter 1662476585121853441
DigiEconomist avatar; Digiconomist@mastodon.nl @DigiEconomist ·
26 May 1662117903477424128

@weezel21 @stephanlivera @OfBehodler @Bitfarms_io @hashoveride Twitter is one of those places where you can actually respond to the overwhelming nonsense to put forth by Bitcoiners; but then you never hear from then again once you actually go that route.

Digiconomist@mastodon.nl @DigiEconomist

@chicodurden21 @hashoveride Ben *should* know that there’s more to mining than just new devices becoming available at higher efficiencies. Markets are dynamic. The mix of devices and the way they are cooled varies. Waving around an *average* estimated lifetime doesn’t change this as it’s not a hard cut off.
Reply on Twitter 1662117903477424128 Retweet on Twitter 1662117903477424128 0 Like on Twitter 1662117903477424128 0 Twitter 1662117903477424128
DigiEconomist avatar; Digiconomist@mastodon.nl @DigiEconomist ·
19 May 1659535513173278722

@chicodurden21 @hashoveride PoW provides Sybil resistance and that’s about it

Digiconomist@mastodon.nl @DigiEconomist

Claiming Bitcoin is secure has about the same energy as claiming driving without a seatbelt is perfectly safe just because you happened to avoid any accidents for the past decade.
Reply on Twitter 1659535513173278722 Retweet on Twitter 1659535513173278722 0 Like on Twitter 1659535513173278722 0 Twitter 1659535513173278722
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