Quote from: philipma1957 on Today at 12:50:06 AM

Quote from: JimboToronto on Today at 12:28:45 AM

Didn't notice if this was already posted here. If so, sorry for the repost:

A little comic relief...

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

...

The truth is that Bitcoin, unlike gold, is worthless.* It doesn’t do anything; it has no inherent value and can’t be converted to some other purpose. It’s not backed by a government, making it most useful to transnational crime networks, intelligence agencies, and anyone else looking to keep some assets off the books. The electricity cost of creating, or “mining,” a Bitcoin—which requires accessing the Bitcoin network and making a complicated mathematical calculation that requires tremendous computer power—makes it indefensible. (The more Bitcoin that are mined, the more complicated the calculations become.) Bitcoin works, if at all, because a band of rich speculators has decided it should. Institutional investors are pouring billions into Bitcoin, which some analysts think account for much of its movement in recent months. MicroStrategy itself counts the finance giant BlackRock as its biggest outside shareholder. (Saylor has said that he thinks much Bitcoin trading data is inaccurate.)...

This is the lie anyone that understands solar energy and wind power knows that this is basically a criminal false hood.

The btc mining incentive can allow for solar and wind power to be built world wide. I have already been involved in build one solar array with more then 100kwatts of power that was fully paid off in under 4 years (2017). we are now doing a second solar project with more then 500kwatts of power that should be fund from our 2020-2021 profits.

If I could find a good investor I could build more.

As I said... comic relief.

It has every hackneyed FUD cliche that's been debunked years ago.

No value... "transnational crime networks"... environmental destruction from mining... scammers...

I'm surprised he didn't mention drugs and kiddie porn. LOL

Grin