Quote from: stompix on May 09, 2022, 03:34:15 AM

Quote from: Guessti on May 07, 2022, 10:58:25 PM

~~The facts remain.~~
You can generate unlimited bitcoin wallets (bank accounts) without ever needing to be connected to the internet. People can send funds to these generated addresses if shared by you while you still don't need to be connected ever - ~~obviously THEY do.~~

So, my mailbox saves tons of thousands of tons of CO2, because once I've put it there is no need for me to do anything while receiving mail and packages and ransom letters Grin

Seriously, this is just stupid, if you think you're helping bitcoin this way you're actually doing worse, you're just showing you have no clue how things work.

In order for somebody to send you coins, they don't only need their won electricity but nodes and miners need to relay and confirm your transaction, and that takes electricity, the more gear is mining the more secure the network is, and the less they do the weaker it is, there is no escaping from this thing. And good luck with your solar panels, wonder why no large farm is doing the same, there must be a trick somewhere!

Quote from: Guessti on May 06, 2022, 09:13:18 AM

Compare this to banks having to maintain your account with them on centralized services. Needing to login, etc.

Ok, let's compare it
Galaxy Digital (which is pro-Bitcoin) estimated the consumption of banks at 263 TWh
Bitcoin Mining council estimated the bitcoin mining consumption at 247 TWh.

Quite close, isnt it? Wink

Yes that's great information but the facts still remain. You can't create unlimited bank accounts in the way you can create unlimited bitcoin wallets using almost no power to power that is around you (calculator powered by solar).

This requires basically no power to most people and again tell me about how many accounts you could create on PayPal or any physicals bank systems let me know how many people and power is involved on that one. What about DDoS attacks? The massive people and security drains.

Wait with a click I did that with Bitcoin or any crypto a million times already.

Are you going to challenge these facts and discredit someone making a great arguement for one of the amazing functions of Bitcoin and all of crypto when it comes to generating wallets?

Plenty of people like to use Coinbase but many more are showing interest in this amazing power saving tech that is built right into the heart of crypto.

"Offline wallets"

You could generate a wallet no one knows who has the key that people donate for many many years and this wallet never had to be connected ever until any funds needed to be sent.

Much like gold this wallet would be "stored" within a flash drive, thumb drive, a secret a piece of paper, etc.

Some are able to remember the two numbers involved completely storing these Bitcoins inside their brain.

Yes that is right you can secure Bitcoins right inside your head completely using some memory tricks.

Or carry it in a real wallet or a safe. Call it digital gold sure -- gold is difficult to spend, takes a bit of time to sell/buy except the security fees are basically nothing when you start to have bigger amounts.

You can store a million dollars in your brain?

The safe is broken into everything is gone but you keep your value stored deep inside yourself. Hidden away.

Now this doesn't stop Elon Musk from hacking your brain for your Bitcoins with his brain reading tech.