...i overheard someone saying bitcoin consumes lots of energy and its not that safe for the living environment.
Consuming energy already cannot be bad for the environment, it is already created and needs to be utilized which is beneficial for the environment. This is all propaganda created by the media which gets attention like all other anti bitcoin propaganda out there.
- Jay -
Let far all the propaganda about bitcoin being a harm for our environment because of the energy huge consumption to run nodes and perform mining. However there are other fields in our economy that waste more energy that can be exploited in other sectors, bitcoin is a really big consumter of energy of all kinds. We have to deal with this as fact and not just ignore it because it's used in propaganda against bitcoin.
For propaganda club, would you tell who consume more energy, bitcoin mining farms and production arms factories? This is your weak reason.
...bitcoin is a really big consumter of energy of all kinds. We have to deal with this as fact and not just ignore it because it's used in propaganda against bitcoin.
It is propaganda cause consuming energy does not mean it is problematic to the environment. It is correct that bitcoin mining is a big consumer of energy globally but this is beneficial cause it disposes of energy that needs to be put somewhere. The heat generated fro mining can be brought up as an environmental issue but that is not still at a scale be a problem.
- Jay -
I would always support the idea that it's a matter of wisdom with or without luck. Some people get their wealth by pure luck like inheritence or winning a huge amount in gambling, however they still need wisdom and enough maturity to keep a safe wealth. I can't tell how many people lost their winnings got by luck because they think the big amount won't vanish. And how many others built their wealth depending their skills.
It true that most of the times people tend not to be able to manage wealth that didn't come as through hard work just like you said through luck or as that of inherited wealth that is to say one can actually get real wealth through luck which is contrary to the concept of this topic while it takes enough wisdom to sustain such wealth, every wise man will always option to maximize every opportunity they have gotten either through luck, hard work and wisdom, every wealth must be recreational for it to be sustained over time.
I would always support the idea that it's a matter of wisdom with or without luck. Some people get their wealth by pure luck like inheritence or winning a huge amount in gambling, however they still need wisdom and enough maturity to keep a safe wealth. I can't tell how many people lost their winnings got by luck because they think the big amount won't vanish. And how many others built their wealth depending their skills.
You're right about that, real wealth come through wisdom even though some wealth is been inherited that's (luck) reason been that they didn't work for it, it is more like when you wake up in bed in the morning and just discover that breakfast has been served, if you are ask to explain the process it takes to make that breakfast you can't be able to explain that. So that's how inheritance is, of which wisdom is also required to enable you manage the assets very well because without having a wisdom you might just loss it all hoping that you will surely get it back just as you said about those gamblers who are lucky to win big and later Loss it back to gamble and that's simply because they lack wisdom, so wealth without wisdom is completely nothing.
I would always support the idea that it's a matter of wisdom with or without luck. Some people get their wealth by pure luck like inheritence or winning a huge amount in gambling, however they still need wisdom and enough maturity to keep a safe wealth. I can't tell how many people lost their winnings got by luck because they think the big amount won't vanish. And how many others built their wealth depending their skills.
It's like you are saying luck is optional, but wisdom is required because its essential, and I think you are right there.
Luck can be temporary but if you have great knowledge and wisdom, the effect is endless and is life-changing.
But if you can have both, life can be so wonderful and colorful. You don't have to select and prioritize one, but see to it that you're working for both.
I would always support the idea that it's a matter of wisdom with or without luck. Some people get their wealth by pure luck like inheritence or winning a huge amount in gambling, however they still need wisdom and enough maturity to keep a safe wealth. I can't tell how many people lost their winnings got by luck because they think the big amount won't vanish. And how many others built their wealth depending their skills.
I do agree with you because luck can make someone have money or wealthy but it's wisdom that will determine if the money will last for long. People have got some sudden money and loss it because they lack discipline and not mature enough to manage it while for others they do build theirs through skills and also patience,you will know the worth of the money and you will be very careful because you know what you went through before getting to that point. So at the end, luck might be your start point but with wisdom added you will make a better result.
Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.
So what's your point here? because what you said is obvious and everybody knows about it. The actual monetary system is a continious system of non-stopping debts. The story had started longtime ago when human thought to migrate from coins to paper money. Without this development, central banks hadn't to be existed at first place with the simple role is to manage the operation of general debt. Paper money is the perfect way for governors to scam their citizens.
This is the reason why we have Bitcoin as a financial freedom. A system that is transparent and can not be manipulated by any government or individual because everything is outrightly transparent on the blockchain. This is why the government would never want to run their system through blockchain as many of them could be caught because we know that out of 99% percent of money they are borrowing only 20% are being used for the said purpose of borrowing that particular money, especially country like Nigeria they aren't always transparent with the money they are borrowing.
Bitcoin is a robust form of money that emerged precisely to address these problems and realities. Money in circulation only arose from borrowing, and there's no end to it; everyone is aware of this, which is why people are trying to escape cash and invest in other assets. This is also why inflation is higher than ever in every country.
The more supply there is, the more money loses value; even the most stable fiat currency, the dollar, is experiencing insane inflation.