Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

554

Warren is a dumb bitch, but this question needed to be asked by someone.

Good solid companies buy power and produce tangible products that actually have intrinsic value. The Bitcoin morons buy power and turn it into excess heat dissipated into the atmosphere and say "look, I have proof of work, which means I produced value"... and stupid people actually believe them.

lol.

Warren is a dumb bitch, but this question needed to be asked by someone. Good solid companies buy power and produce tangible products that actually have intrinsic value. The Bitcoin morons buy power and turn it into excess heat dissipated into the atmosphere and say "look, I have proof of work, which means I produced value"... and stupid people actually believe them. lol.

(post is archived)

[–] • 2 pts

How much energy is consumed when the money machines go BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR 24/7/365?

[–] • 0 pt

How much energy is consumed when you have to pay banks to be open with tellers and phone lines and run massive amounts of ledger servers and pay accountants to bean count and have IRS snooping and FBI curtai... well now you see the man behind the curtain...

[–] • 2 pts

Jews don't like crypto because they can't print unlimited amounts of it, and they can't close your wallet or steal from you so easily.

[–] • 1 pt

well when the world reserve currency is worse than worthless fiat something needs to be a store of value. fix the economy/FED and boom we wouldnt need bitcoin/ it would probably just implode on itself if we had responsible monetary policy

[–] • 0 pt

Does anyone ask Zykerberg how much electricity kikebook consumes? What goods do they produce? Bitcoin mining is inconsequential next to the power consumption of the stock market, or even the federal reserve. I hope someone points out that crypto can do the same job as the current monetary system, but more efficiently and with less energy.

[–] [deleted] • 0 pt (edited )

Bitcoin currently uses about 121.36 terawatt hours per year, which is more then the entire country of Argentina.

The Stock Exchanges use a minuscule fraction of that.

[–] • 1 pt

Not if you look at the stock market holistically. There's multiple brokers and exchanges, hedge funds using supercomputers to try and get a tiny advantage over the competition. Plus, how many hundreds of thousands of people work to keep the stock market functioning and meeting regulatory requirements? And how about the cost to build and maintain the physical buildings like bank headquarters and thousands of bank branches? It's more than just electricity, it's land and raw materials that could be used for an activity that produces something.

I don't really care what traditional banks do, but my point is that if government makes crypto illegal because it consumes "too much power", they'll start shutting down other things they don't agree with also. The democrats have already tried the angle that gun manufacturing is harmful to the environment.