This will not end well. The Texas grid is not strong enough to meet this demand. I hope that the miners are spread across several jurisdictions in the United States and other (hopefully) stable countries.

Just when I thought my cryptocurrency might stabilize at the bottom... How long will he sink this time?
  Play God with people's real money

This question has been answered many times, and it can only be said that each has its own advantages, each has its own shortcomings, and there are complementary places.

When you look at the US inflation, it is almost hard to believe. In 2020, your $1,000 is actually worth $1,040.12 in 2021 money due to the 4.99% inflation. This is calculated by BLS and uses the consumer price index.

To put it in a 20 year context, your $1,000 back in 2000 has the same buying power of $1,563.27 today. But if you left it in the bank and collected a tiny interest over time, your actual money has depreciated over the decades. For other countries like the UK, their inflation is actually worse. £1,000.00 in 2000 would be equivalent to £1,726.63 in 2021.

Rather than having your fiat currency in the bank, wouldn't it make more sense just to store it in bitcoin? For people planning on retiring for the next 20 years, aren't you worried about the rapid inflation in your currency? Typically the US experiences a 2.5% inflation every year but with this year it has risen to 4.99%.

You must imagine it as if you are not in a first world country. When I visit Indonesia, Kenya, and Tanzania, the tour guide and the hotel charge Euros or U.S. dollars. It seems obvious to think of Bitcoin as an alternative to transactions.

Then look at Iran, Libya, and Turkey. The central banks of these countries have all failed. These collapsed currencies were part of the reason for the rise in gold prices a few years ago. Bitcoin will replace these failures.

Finally, imagine having a currency that depreciates 5% a year, such as the U.S. dollar. In the final analysis, people simply don't want to accept it, especially in international transactions. Therefore, they can use Bitcoin.

We have bill gates and Elon musk hoarding fiat. No matter what system you introduce billionaires will always have an advantage over the average working class.

Paraguay's Congressman Carlitos Rejala has announced that he will propose a bill that would allow Paraguay to adopt Bitcoin as legal tender. He is working with local actors to make Paraguay a hub for investments in cryptocurrencies. The bill is expected to be presented in July. Paraguay could become a haven for Bitcoin miners.

South African countries, Venezuela & El Salvador and others are adopting Bitcoin as an everyday currency for whatever reasons - Inflation, corruption destroying nation's currency etc.

It doesn't seem right that if a family has their money in bitcoin and can afford their rent and bills one week and the next week some western US bank or 'influencer' decides to dump their holdings or cause FUD and cause a 20% drop and then that family cant pay their rent or have enough for all their food shopping the next week right?

Just seems wrong to me the influence some people have and how it's affecting 'normal' people's lives who aren't necessarily using bitcoin as a speculative investment.

Quote - “Historians will write that China had a majority of hashrate within their geographic borders, yet they made decisions that pushed that hashrate into more democratic and capitalistic societies. Just as North Korea chose to embrace the internet only for the elites, China is making a similar mistake here. As if that wasn’t bad enough, China’s plan for a nation state digital currency is similar to North Korea’s internal “internet.” As we have discussed over and over again, open systems beat closed systems. The Chinese approach of banning an open monetary network in pursuit of a tightly controlled monetary system is unlikely to be seen as an advantageous strategic move for their citizens. But just like North Korea, this decision will be helpful in continuing to consolidate power and ensure the longevity of the dictatorship.” - Anthony Pompliano

I have a friend that is really invested into crypto. She is very enthusiastic about it and I learned a ton about Bitcoin and crypto from her. But then she told me something that scared me: she keeps ALL her Bitcoin in the exchanges rather than a hard wallet.

I told her that was a security risk, she could get hacked, the exchange might play dirty with her money in the future, the exchange could disappear. Her response was that I was being paranoid, that her exchanges are safe, and that she is pretty careful anyway so she is certain hackers won't get her.

How do you convince people like that? I am worried Murphy's Law will hit her badly and she will lose her funds.

I don’t think so. Bitcoin is a cryptocurrency, not a religion. People who believe in religion may buy Bitcoin. Anyone can buy Bitcoin. It’s not that Bitcoin is only bought by a few people. Bitcoin is equal to everyone. of,

The total amount of Bitcoin is fixed. In the long run, it is better to avoid investing in gold when investing in Bitcoin. And Bitcoin cannot be copied, no one can modify it, and the security is relatively high.

Through this time El Salvador has designated Bitcoin as legal tender, I think Bitcoin will be better next. Guys, everyone must seize the opportunity.

Inflation controlled by community, not the government. Maybe faster transactions, lower operation fees.

And in the same blockchain will continue to exist the free part. They will call it "dark chain" or something like that.

If you have extra money, you can choose to buy Bitcoin in this situation, because it will definitely rise up, and buying now is indeed a good opportunity.

The anonymity of Bitcoin is a major feature of Bitcoin. If we transfer money, we cannot find out who the other party is.

Bitcointalk username: Tinam11
Link to Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2480203
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I took her to a super cool underground speakeasy in LA, one of those places no one knows about. She ordered a Midori Sour and told me she doesn’t really like to drink (red flag, I’m a partier), she hates bars (second red flag, I love a good bar, and quite a few bad ones), her aspiration in life is to be a stay at home mom and have an army of kids (Oof those red flags just keep comin’), and she’s a virgin (at 28?!?! Strike four—I’m out!). Then she says she feels feverish and wants to leave—NOW. She pukes twice on the way back to her place and is burning up when I drop her off. She’s so sick I have to help her to her door and awkwardly meet her parents while she retches. Oh yeah—she lived with her parents too. Of course within a few days I’m sick as a dog too, with one of the worst stomach flu’s I’ve ever had.

Our son says it sounds like a terrible first date but honestly, it coulda been worse.

It's my life

You can cheer on the players online, but now you still have to be careful not to gather and pay more attention to health issues.