/biz/ - Business & Finance

>>58049068
Now look here at the hash rate, of the tracable pseudonymous BTC… 638 EH/s. Bitcoin is a literally juggernaught of hash rate. Miners are going fucking insane. Think about how much fuel and energy and pollution of the environment this all is as well as ATTENTION from people willing to give this project their blood, sweat, and tears to. This is insane.. I mean to hell with the environment I’m not some hippy environmentalist PoW is best which BTC is and PoS projects=piece of shit. The hash rate is growing exponentially! Like it’s about to hit some sort of hash singularity or something. People are aggressively pumping more and more electricity and computer technology to this shit like expensive fucking hardware and all. And for what? A transparent blockchain. Kind of sucks to think that the people won’t dedicate this energy to monero, the TRUE crypto currency. Here’s the problem. People don’t give a FUCK! About paying taxes, or being traced. They just want the scarcity the currency provides AND the backing of all this energy and technology to make a “digital gold”. Personally… I believe private money like monero is good for using first and foremost. Convert your dollars to monero so you can buy drugs online without nosy fucking banks and government being able to trace you and be a pain in the fucking ass. As a general rule that’s all monero users care about. They don’t want to buy and hold or invest or anything they just want their money to be transported without that bullshit. Thus not much of the energy bitcoin gets is coming to monero… right now! I put a lot of money into bitcoin. Why not? Let it moon. If I got to buy drugs I send the BTC to someone on local monero and get monero so I can buy some pot online. Done.. this is juuuusst enough to keep monero alive. Maybe it never needs to have much hash rate commitment or price as this small use case is not common. Very few money transactions require the insane level of privacy.