Quote from: franky1 on Today at 03:16:23 AM

Quote from: PSCQQSCQQP on September 26, 2022, 06:17:30 AM

gold on the other hand REQUIRES;

1. Deisel
2. roads and transport
3. Miners sluice machines, trucks and foundries to process gold
4. Buyer.
5. Seller.

1. If we are comparing apples to oranges, bitcoin mining consumes 150 terawatt-hours of electricity annually at the current rate, looking into the future as mining becomes more difficult, this will lead to an increase in carbon emissions and ever increasing TWh use - bitcoin will continue burning more fossil fuels than gold mining operations combined, and will do so every single year without decline. Leading to a much more destructive pattern than gold on the environment. Gold doesn't require a network backbone to function. Bitcoin does. Therefore, bitcoin will always remain energy intensive. And will always be REQUIRED to sustain. Cross 1 off your list. Diesel is not required. It's about convenience and efficiency.

2. Roads and transport are needed to deliver products, are you telling me that without roads and transport people wouldn't be able to use their gold? Oh my, I wonder how the Ancient Egyptians managed with their cars 7,000 years ago to bring gold to be used... Cross 2 off your list. Roads weren't around 7,000 year ago... Again, not required.

3. Again, mining gold can be done without these methods and without much of a carbon footprint as seen with historical mining, although much less efficiently - before diesel existed... There's no way around burning fossil fuels to mine bitcoin, and as stated before will require increasing amounts of energy consumption to sustain... No. Way. Around. It... Gold doesn't require any of these things, it's a matter of convenience and efficiency. Cross 3 off your list.

4. Buyer - required.
5. Seller - required.

Congratulations on wasting your time and mine, as well as the electricity and calories for my laptop and body to respond. Like bitcoin, your off to great start at not being more efficient.

fixed that for you - What exactly did you fix?

as for bitcoin
bitcoin does not ask for your name or if you are a terrorist

- Bitcoin is all done online, there is an entry point and exit point, there is a PUBLIC LEDGER of all your transactions, there are numerous exploits that the general public is unaware of, underlying flaws that you conveniently continue to overlook. Have you ever heard of a company called chainalysis? They work with the Feds to find out who owns the wallets that have illicit proceeds, as does the IRS.... Are you being intentionally evasive to the facts?... are you unaware that AML/KYC laws shadow the crypto space today?

- You were probably one of the same people back when it first started that was yelling from the rooftops "the government can't track you, it's used by criminals", "it's decentralized", "it can't be hacked", "you can't be taxed", "you can be traced"... Even with VPN's the NSA can EASILY and quickly find out exactly who owns what wallets by monitoring and decrypting internet traffic, mostly done using AI. And just as easily empty your online wallet as easy as the patriot act gave them the ability to freeze and seize your bank account... How are you not keeping up with this, or are those bitcoin blinders causing tunnel vision?

- One thing I noticed is that you, as well as many others here are completely biased or not as educated on the subject as you're leading the viewing public to believe. Causing more confusion and chaos than it's ultimately worth.

i challenge you to look at any transaction on the blockchain. any block header.. and show me where it includes peoples birth names/ geo location and what they are buying... hint: you wont find it

- Hint: look through the device your holding or using to transact for a MAC address (Media Access Control address) and that's all the info the government or bad actor needs to tie an identity to you, to figure out who that wallet(s) belong to, just as easily see your other crypto and banking holdings. Congratulations, you lost because your ego got in the way of the facts.

- Wanna know how I know you are wrong and don't really know what you're talking about? I was arrested by the FBI, NSA, DHS, Secret Service, US Marshals, local and state police departments for hacking cable modems and giving users on a global scale free untraceable internet access... So please forgive me for pointing out my experience on this as this is my field of expertise. Crypto can be taken away from you without a moments notice at the stroke of a key, it's happened to many people already, and also to people with all the technical know how to store their coins from prying eyes... It maybe hasn't happened to you (yet), but if and when it does will you still be singing the same song and dance as you are now when your wallets get emptied? You might not take my word for it, but what about John McAfee? Is he crazy, he also doesn't know what hes talking about? What I wanna know is what experience or credentials do you have to be educating someone on the intricacies of online digital currencies or stores of value?

gold relies on vaults, pawnbrokers and gold merchants.
you do know that BUSINESSES that facilitate trade(of both gold and bitcoin) do ask for KYC. but the currency (bitcoin/gold) does not

- Gold is STORED in vaults, without vaults gold has the same utility as it always has, it doesn't RELY on anything except the buyer and seller... use your brain man... KYC is now blanketed across the entire crypto space for ANY amount purchased in bitcoin. You are automatically being tracked. Gold is hand to hand person to person. Without the need for a handheld device... 100% anonymous and untraceable. If you even bring up serial numbers I'm gonna e-smack you... gold can be melted down, and nobody would be the wiser of where it came from or who owned it before you. bitcoin on the other hand... public ledger!

bitcoin miners are self contained in their work. they are incentivised by block rewards mainly. they are not reliant on transactions. yep they can make blocks without any transactions in it and still get their reward.

- Exactly my point. They DO NOT have to process your transactions, miners are REQUIRED in order for confirmations to be completed for a transaction to go completely through. Without a miner to process your transaction you are SOL. I use to be a big bitcoin miner, trust me on this. No way around or out of a miner to process ALL transactions. If that's necessary, since when does a store of value require the need for a third party to process a transaction? It never did before. What I see is man creating another problem without a solution. Imagine back when gold was first discovered how ridiculous it would sound to "ask" the government permission to buy or sell something using gold and then give them a small cut for them allowing you, that' just crazy. And that's essentially what miners can do... They don't like the fee you pay, they can deny your transaction, and you're left in shits creek with just oars and no boat... No store of value.

bitcoin users storing bitcoin. need to do nothing. but keep their private key safe. they can go years without looking on the internet and know their private key will still work where they can spend their funds later
they do not need to be online 24/7 just to keep their funds safe

trying to keep gold safe is more intensive and requires more effort.

oh .. and also think about the logistics involved and the costs to move gold cross the planet within 10 minutes..

yes gold has utility in local hand to hand transactions.. but when it comes to international transactions. gold fails the utility tests

I can't keep explaining all the different ways that you are incorrect about this, it's wasting my time - that's why I stopped after the miner comment. I think I made my point. I am willing to bet you've never actually held an ounce of gold in your hands so to speak about it is a disservice to everyone viewing this nonsense.