Post
Topic
Board Bitcoin Discussion
Re: Bitcoin *is* a store of value! Satoshi implied so.
by
NotATether
on 05/09/2022, 23:51:10 UTC
People lives are worth more than btc,
so when the power rationing increases as it will because of energy mismanagement by the world governments.
They will ban PoW, to save as many people as possible.

If you look at https://poweroutage.us/
Texas right this second has ~27000 homes without power,
Arizona has ~21000 homes without power
California has ~12000 homes without power. (Where they are already begging people not to charge their electric cars.)

Bruh.

Where I live, my whole area, a 6-mile radius, just got its power cut off for 6-12 hours for the past week (welcome to Africa). And this is when the temperature outside is 10-15°C and I don't see people around me starving or freezing to death just because of electric bills becoming "expensive". If I add up all the houses in my town that have no power at any given time, it's a similar amount to your numbers above, and again I don't see people becoming desperate because of that.

What you have described, is exclusively a first-world problem. Not energy mismanagement, but panicking about electricity. Here we have a saying: "Live one day at a time".

Plus an early warning has already started for PoW,
the prelude to the bans,
Energy Utilities raising the energy rate so high, that the miners just shut down.

There's no correlation. Miners shut down operations because of high power all the time. Why didn't you mention any EU meeting or something like that?  Roll Eyes

Quote
Their are no 1st world countries anymore, starting this Winter, every country on the Planet is a 3rd world country unable to keep the power on 24x7 for it's citizens.  Tongue

Great! I'll assume you have made a contingency plan for what to do when your utility starts switching off your power for entire days. /sarcasm