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/biz/ - Business & Finance

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File: 259 KB, 771x711, imf bitcoin butthurt.jpg [View same] [iqdb] [saucenao] [google]
7068173 No.7068173 [Reply] [Original]

https://www.ccn.com/imfs-lagarde-says-bitcoin-mining-consumes-much-electricity/

>Many analysts and environmentalists have sounded the alarm on the industry’s power usage, and Lagarde said that it has turned in to a “big concern” given that the world is already battle climate change.

>“In times of climate change and when we look at how much coal is being used in some Chinese provinces to actually mine Bitcoin it’s a big concern,” she concluded.

>“The anonymity of it is likely to facilitate money laundering, dark money moving around, and things that no one is happy about, if we are looking for financial stability and transparency of financial transactions, so that’s the dark side,” she said.

Well, what do you have to say to this, /biz/? More antisemitic memes?

>> No.7068224
File: 15 KB, 250x250, Burpcoin.png [View same] [iqdb] [saucenao] [google]
7068224

>>7068173
easy, We should adopt more economical mining methods. Use economically-friendly Burstcoin for example

>> No.7068258

>>7068224
ecological, not economical lol

>> No.7068264
File: 40 KB, 500x382, original.jpg [View same] [iqdb] [saucenao] [google]
7068264

>>7068173
I don't really care what political dinosaurs think of technologies they couldn't possible grasp.
They're pretty much regurgitating whatever their masters told them.

>> No.7068287
File: 676 KB, 1280x617, xtrabytes.png [View same] [iqdb] [saucenao] [google]
7068287

>>7068173
XBY

>> No.7068293

>>7068173
>woman
Opinion discarded.

>> No.7068334

Meh, try to stop us.

>> No.7068355

>>7068293
When you're on the IMFs radar, prepare for countries to regulate. Crypto about to nose dive soon, hope your sell strategies are in place.

>> No.7068389

>>7068258
It's really not
Hard drives fail much more often than GPU's and require rare earth magnets and other special metals in their production. GPU's on the other hand use only a little bit of copper, gold and fiberglass

>> No.7068408

>>7068173
who is this old flabby roastie cunt? are the cobwebs in her pussy overheating her decrepit body?

>> No.7068607

>>7068389
not true, PoC is much less likely to fuck your hardware than PoW. With SSDs becoming cheaper and cheaper + HDDs beeing availible in abundance, your argument doesnt apply anymore

>> No.7068639

PoS coins are the future boys. I knew it was a matter fo time before environmentalists complained about the electricity thing.

>> No.7068740
File: 104 KB, 733x464, 1517048768831.png [View same] [iqdb] [saucenao] [google]
7068740

>being that desperate

>> No.7068790

It's afraid.

>> No.7068809

All these people buying out graphics cards to mine are going to be BTFO when ETH overtakes Bitcoin and swaps to PoS

>> No.7068829
File: 57 KB, 645x588, 1517155760725.jpg [View same] [iqdb] [saucenao] [google]
7068829

>Lagarde

>> No.7068884
File: 549 KB, 1493x1567, 1469234339674.png [View same] [iqdb] [saucenao] [google]
7068884

(((IMF)))

>> No.7068910

>>7068173
>MUH ENVIRONMENT
>MUH ENERGY
See, that's why we should kill all liberals. THey just hate it when people make money. They want you to be poor and miserable.

>> No.7068950

>>7068173
International banking and fiat currency uses too much electricity

>> No.7068979

Why not use the heat produced to heat homes?

>> No.7069009

Hey Lagarde, we have all these worthless refugees in Europe, can we make refugee power plants by cooking them to steam? Surely that's economical.

>> No.7069018

>>7068910
Uh stop killing the thing you're living on.
What's the point of living in the Netherlands if it's gonna be submerged because of BTC mining induced global warming?
It's snowing Iran of all places right now, and that's a desert. And I'm sitting here in Denmark with no snow. Don't bother denying that the climate isn't rekt.

>> No.7069021
File: 10 KB, 384x287, 2eb21446df1c01e4192fa4ef4b7f3607--weed-memes-cute-memes.jpg [View same] [iqdb] [saucenao] [google]
7069021

>BREAKING NEWS: Famous person tells something that everyone already knows!

>> No.7069025

solution is simple, premined coins

>> No.7069128

>>7069018
>What's the point of living in the Netherlands if it's gonna be submerged
First - globabl wraming is a hoax. And second -
who the fuck cares? I will move to a better place with my crypto gains. The brainlets who didn't make it shall suffer.

>> No.7069154

>>7069018
Deserts are notoriously cold at night. So a bit of water vapour managed to sneak in. Big whoop.

>> No.7069169

>>7068173
The traditionnal banking system is worse, all those legacy systems are fucking power hungry

>> No.7069217

>>7068173
useless kikes are flailing their arms as they're being made irrelevant and that's not a meme.

>> No.7069218

>>7069018
Just googled Iran and they have ski resorts you dumb fuck.

>> No.7069219

>>7069128
>believes in conspiracies
>thinks he gonna make it
I have bad news for you anon

>> No.7069249
File: 591 KB, 1920x1080, 1437201264_a_city_on_a_mountainside_in_iran_hdr_hd_wallpaper_603725.jpg [View same] [iqdb] [saucenao] [google]
7069249

>>7069018
>Iran is a desert
You are truly a retarded brainlet. Iran has a climate similar to Switzerland. It snows every winter in Iran.

>> No.7069291

>>7069219
>conspiracies
That's the official position of the President of the United States.
Get on with the times, dumb leftie. You are the consperitard now.

>> No.7069385

>>7069249
>>7069218
>>7069154
The capital isn't cold. It's snowing in the capital

>>7069291
Retards may not apply.

>> No.7069390

>>7068910
>They want you to be poor and miserable.

thats why they shill communism

>> No.7069391
File: 81 KB, 645x729, 8d6.jpg [View same] [iqdb] [saucenao] [google]
7069391

>>7069291
you mean the guy that gets his facts from Alex Jones? yeah no, you dumb rednecks are still the stupid conspiracists and always will be

>> No.7069408

>>7069018
>>7069249
https://en.wikipedia.org/wiki/Iran#/media/File:Climate_maps_of_Iran_(K%C3%B6ppen-Geiger).png

>> No.7069444

>Not using bitcoin mining gains to build a solar panel farm to run your rigs

>> No.7069519

>>7069391
>tfw no one really takes Alex Jones seriously at all and that he's just a meme and more than likely controlled oppo but he's still more credible than retards like this poster here
Oof. Ouch, kid.

>> No.7069534

>>7069444
please stop telling these faggots

>> No.7069571
File: 45 KB, 645x729, 1505953097341.png [View same] [iqdb] [saucenao] [google]
7069571

>>7069519
>we are just pretending to be retarded guys!!! is just a meme lul!!

sure buddy, sure

>> No.7069588

nobody gives a shit

>> No.7069612

>>7068173
Well she isn't wrong, mining btc is just huge waste of energy.

>> No.7069636

>>7069571
Haha, right. Drumpf impeachment imminent Hillary and king nigger dindu nuffin.. pfffffffffftttttttttttttt ahahaha. Kid, you have to go back.

>> No.7069637

>>7069612
b-but dude, she is evil jewish illuminati reptilian so we all hate her here!

>> No.7069642
File: 799 KB, 2544x4000, 1516618409048.jpg [View same] [iqdb] [saucenao] [google]
7069642

>>7069018
>BTC mining induced global warming?
Leftists, everyone.

>> No.7069671
File: 108 KB, 900x900, 1512661861820.jpg [View same] [iqdb] [saucenao] [google]
7069671

>>7068173
LIVE - Press Briefing with Press Secretary Sarah Sanders
https://www.youtube.com/watch?v=7sG4YQS9jqk

>> No.7069685

>>7069636
im not even american, so i love drumf. its so fun watching a dumb fat guy destroying the lives of other dumb fat amerimutts lmao

>> No.7069756

>>7069385
>Retards may not apply.
SUre. That's why you shouldn't. You will be overran and butchered by niggers and mudslimes in a few years anyway.
Your opinion is irrelevant, as is your shithole of a country.

>> No.7069821

>>7068173
This will be their latest angle, that btc hurts the environment. They really are getting desperate lol

>> No.7069917

>>7069385
It snows in Tehran all the time you straw grasping fuck wit. The largest ski resort is only 70km away.

>> No.7069931

>>7068173
>hungry market interesting in buying large amounts of your product
>can quite literally pay for an entire infrastructure upgrade through additional charges (ie. fewer discounts) to the largest consumers

>instead of filling this demand, you try to shut it down
Why are liberals so fucking worthless at everything?

ELECTRIC CARS ARE THE FUTURE! BUT WE'RE USING TOO MUCH ELECTRICITY! GIVE US CONTROL OF YOUR INDUSTRY, YOU STUPID GOYIM! THINK OF THE SIX GORRILION POLAR BEARS!

>> No.7070016
File: 58 KB, 772x548, 67B23F41-1677-4D2A-A093-7407DCCF3B64.jpg [View same] [iqdb] [saucenao] [google]
7070016

Ahhhhhhhhhhhhhhhhh

>> No.7070019

>>7069385
Iran even has a fucking glacier in the desert. Just admit you are wrong and also retarded.

>> No.7070059

It's not like it's not true. Just replace BTC with the less retarded options.

BTC is also very fragile against 51% attacks btw, any government or big corporation could easily afford to take it over.

>> No.7070071
File: 236 KB, 948x781, tehran.jpg [View same] [iqdb] [saucenao] [google]
7070071

>>7069385
>The capital isn't cold. It's snowing in the capital
Really? That's why they built all the ski resorts there, right?

>> No.7070118

>>7068173
POS>POW, dumb women

>> No.7070156

>>7070118
FBA > POS

>> No.7070160

>>7070118
she is talking about bitcoin though not your shitcoins dumbass

>> No.7070223

>>7070160
but bitcoin is a shitcoin

>> No.7070250

>>7069917
>>7070019
>>7070071
I didn't know that shit just saw it on the news. Thanks for providing me with info.

>> No.7070364

>>7070250
>I didn't know that shit just saw it on the news.
That's why you shouldn't trust everything you hear and DYOR, brainlet.
If you look at glacier CO2 data, it's obvious that global warming is a scam to make the rich richer and the poor poorer.

>> No.7070385

>>7070250
It's alright bud. They just make up shit to freak out the normies all the time.

For example they are always on about the ice caps getting smaller. They only started recording the size in the 70s so any trend can't be predicted on that small a data set.

The antarctic is growing faster than what has ever been recorded in the last 5 years but that never makes the news.

>> No.7070393

>>7069018
WILL SOMEBODY THINK OF THE POLAR BEARS! ANGELINA JOLIE AND HORSEFACE JULIA ROBERTS SAID SO!
DONT YOU KNOW GOY!? YOUR WIFE WILL SHILL HER FAV. CELEBRITIES GARBAGE POISON INTO YOUR EAR UNTIL YOU LISTEN AND MAN UP AND DO THE RIGHT THING!!!!!!!!! REEEEEEEEEE!!!!!!!!!!

>> No.7070425

>>7070385
ugh. sorry about the reddit spacing.

>> No.7070458
File: 22 KB, 500x375, 1516844981329.jpg [View same] [iqdb] [saucenao] [google]
7070458

>>7068293
LaGarde is a tranny.

>> No.7070665

Bitcoin is a shitcoin, and PoW long term is retarded
BUT
The electric consumption of Bitcoin is a complete non-issue blown out of proportion as an excuse to censor it
There is waste of electricity orders of magnitude larger, for much less useful purposes than securing a trustless payment network
Crypto wouldn't be needed if governments weren't so corrupt in the first place, that's the real issue of "waste" here
Every administration is a giant waste of resources as said resources are mostly used to justify their own existence
Not even a libertarian, government is good, just not the so-called democratic governments locked down by billionaires

>> No.7071081

>>7068173
She is right, isn't she. But is it something that cannot be overcome?

>> No.7071370

>>7068173
>>Many analysts and environmentalists have sounded the alarm on the industry’s power usage,

If only this were true. Proof of work and cryptocurrency is a hell of a lot cheaper than traditional finance when brick and mortar, governance, hard costs of fiat, etc.

If (((they))) really had environmental concerns, they'd heavily support crypto, but it's about controlling money with bullshit fake news macro economics that more and more looks like a complete scam as an academic discipline to justify scamming the public.

>> No.7071399

RISE OF THE JUDEAN

>> No.7071442

>>7068173
POS future confirmed.
Ethereum will take #1 this year.

>> No.7072218

>>7071442
>a 70% premined & centralized coin will take #1
over.my.dead.body

>> No.7072252

I predicted this months ago. Global warming isa jewish scam and it was 100% predictable that they would eventually roll it out to use it against Bitcoin. These kikes are really getting sloppy with their shit if some retard like me can predict their moves.

>> No.7072269

>>7068173

fucking irrelevant joo bitch

>> No.7072343

>>7068173

Once again, she is already thinking in the past. This concern, of unsustainable energy consumption, has already been considered, and solutions are being offered.

Lagarde is a false expert. Late to the party and trying to stay relevant.

>> No.7072350

>>7069018

What's the point of keeping Netherlands afloat when only niggers live there.

What's the point of snow in Denmark when it only falls on savage hordes.

>> No.7072417

>>7068173
The fact that you asked the question that way means you know what’s up.

((((IMF))))

>> No.7072459
File: 20 KB, 600x315, wMPJ9QO.jpg [View same] [iqdb] [saucenao] [google]
7072459

>>7072218
>Ethereum
>centralized coin

>> No.7072543

>>7069018
only way to stop global warming is communism and having every European country import at least 400 million refugees

>> No.7072556

>>7069018
If Global warming works It should kill plenty of poor people and then our emissions will go down

>> No.7072638

>>7068173

Its a serious issue, but consider

https://medium.com/@PAAlmasi/bitcoins-energy-consumption-overblown-31a4eded91f3

>> No.7072655

>>7068173
Hahahahahhahahahah. Who the fuck cares what this cunt has to say

>> No.7072684
File: 115 KB, 683x768, 1509762291691.jpg [View same] [iqdb] [saucenao] [google]
7072684

>>7068173
COME AND TAKE IT YOU FUCKING FAGGOTS

>> No.7072687

>>7068173
Btc is a proof of concept,
we'll stray away from basic pow to either proof or stake or proof of productive work

>> No.7072981

>>7070059
>create a shit load of mining hardware out of nothing because fuck logistics and manufacturing capacity
>using socialist magic you can now out compete the entire planet
>????
>profit

Can't believe people are this stupid.