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From: Mild Shock <janburse@fastmail.fm>
Newsgroups: sci.physics.relativity,sci.physics
Subject: Difficult to estimate when it Crashes (Was: Comparison energy
 consumption and protocol speed)
Date: Tue, 21 Jan 2025 21:45:38 +0100
Message-ID: <vmp11j$9hdl$1@solani.org>
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In-Reply-To: <vmp0af$9h2m$1@solani.org>

Hi,

Difficult to estimate when it Crashes,
not sure whether we are weeks or years
away from it. When I look at the current

charts, it makes me think the critical mass
is very close, where some whales will first
take the opportunity to take home some gains,

and then the domino stones might fall:

https://coinmarketcap.com/

It has a steady fluctuation of 10%. But
messages like DOJ CLEARED TO SELL $6.5B
IN SEIZED SILK ROAD BITCOIN tell me,

its all about disolving Bitcoin, and the
one who closes the door last will get
some bread crumbs. And these are usually

the stupid retail investors, who were too
stupid to do Bitcoin in the early days because
of the technical hurdles, and have now

been lured into ETFs.

Bye

P.S.: For example Blackrock doesn't
owns the Bitcoins, will not be affected.
Blackrock owns nothing, they only organize

funds and ETFs which mediate Bitcoin between
sellers and buyers and they act as custodians.
They don't own any Bitcoins. They don't care

whether Bitcoin goes up or down.

Mild Shock schrieb:
> 
> Cryptocurrency    Energy     Protocol
> Bitcoin (BTC)    ~707    ~5
> Ethereum (ETH)    ~0.03    ~15–30
> Solana (SOL)    ~0.00051    ~2,000
> Cardano (ADA)    ~0.0004    ~250
> Polkadot (DOT)    ~0.003    ~1,000
> Ripple (XRP)    ~0.00001    ~1,500
> Avalanche (AVAX)    ~0.0007    ~4,500
> 
> Energy consumption per Transaction (kWh)
> Protocol speed, transactions per second (TPS)
> 
> https://digiconomist.net/bitcoin-energy-consumption
> https://www.blockchain-council.org/cryptocurrency/top-cryptocurrencies-with-their-high-transaction-speeds 
> 
> Etc..
> 
> Mild Shock schrieb:
>  > 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.
>  >