Re: From Incandescent bulbs to LEDs (Was: Bit careful with Bitcoin)

On 1/21/25 2:27 PM, Mild Shock wrote:

Hi,
 Not only a Ponzi scheme. Its rooted in some
2008 shock and experiene of loss, experience of
helplessness, and some theories about scarcity,
 fairness and trust. Basically distrust into
governement money and various banks, distrust
into non-anonymous tax paying transactions,
 comparison to gold and some new world utopias.
These theories are given further support by
pseudo scientific evidence, such as claims
 the 1700-1800 UK industrial revolution was
based on money scarcity. Further it is infested
by a lot of con artists.
 Some motives are understandable, and depending
on the national background and economy of the
country legitimated.
 But the risks mostlikely outweight the chances.
There are dozen examples of things that became
big and disappeared. Thats just normal life cycle
6
theory that applies to an human invention. Take
this simple example:
 - 10 years ago housholds were mainly using
   Incandescent bulbs that consumed 60W - 100W
 - now housholds use mainly LEDs, using Phosphor
   conversionwith much lower consumption of 6W - 8W
 The same will happen with Bitcoin. Bitcoin is extremly
slow protocol, and extremly energy hungry.
 Bertietaylor schrieb:

On Tue, 21 Jan 2025 15:56:39 +0000, Mild Shock wrote:
>

Hi,
>
Good Diagnosis, Bitcoin will crash:

>
Ponzi scheme.

>
Bitcoin: Der Crash naht
https://www.handelszeitung.ch/geld/bitcoin-der-crash-naht-785548
>
But when will it happen, how fast and what
will be the ripples? This year, next year or
>
in 2 years? Would be fun if it happens during
Trump's tenure from 2025 - 2029.
>
Bye
>
Bertietaylor schrieb:

On Mon, 20 Jan 2025 18:27:30 +0000, Bertietaylor wrote:
>

El Presidente Trumpo, wannabe saviour of the US, full of delectable gas
at any rate, has regained his power and position.
>
As Arindam had long predicted; just as he had predicted Putin's success.
Simply put, there cannot be really good humans in power in democracies.
So Trump must be labelled as fascist. God be with them and their strict
absolute ways, with no slimy relativistic hanky -panky.
>
Unfortunately he does not think that Trump will have the guts to support
him and thus boot out the bunkum Einsteinian physics.
He hopes to be wrong in this...

>
Let us see. We shall follow Trump's career with considerable interest.

>
Woof woof woof woof woof woof woof
>
Bertietaylor

 

The world is not just USA and Europe. The rest of the world, which is almost all of it, do not trust Dollars and Euros and your banks.
You forgot to mention Bitcoin's role in that.