Spiritual Forums

Home


Donate!


Articles


CHAT!


Shop


 
Welcome to Spiritual Forums!.

We created this community for people from all backgrounds to discuss Spiritual, Paranormal, Metaphysical, Philosophical, Supernatural, and Esoteric subjects. From Astral Projection to Zen, all topics are welcome. We hope you enjoy your visits.

You are currently viewing our boards as a guest, which gives you limited access to most discussions and articles. By joining our free community you will be able to post messages, communicate privately with other members (PM), respond to polls, upload your own photos, and gain access to our Chat Rooms, Registration is fast, simple, and free, so please, join our community today! !

If you have any problems with the registration process or your account login, check our FAQs before contacting support. Please read our forum rules, since they are enforced by our volunteer staff. This will help you avoid any infractions and issues.

Go Back   Spiritual Forums > Most Anything > Philosophy & Theory

Reply
 
Thread Tools Display Modes
  #21  
Old 25-11-2021, 04:32 AM
Gem Gem is offline
Master
Join Date: Oct 2010
Location: Australia
Posts: 20,640
  Gem's Avatar
It's also bigger that we think in real terms, because since ElSavador legalised Bitcoin as a national currency, the FX should have to include Bitcoin on its register of global currencies. I can't even imagine what that means. But it looks pretty close to being a global 'gold standard' because it's the only peg with a finite cap.

The other point is, Elsalvador is case proving large scale mining as an integration into their renewable energy grid... which has a very high probability of working. Other electricity producers around the world will see how they can capitalise on Bitcoin mines as part of their capital investment structure.

Many electricity producers will integrate mines into their infrastructure and Bitcoin will be a new class of global reserve 'currency'. But not in the sense that trades will happen in Bitcoin... in the sense that hash rate will increase and decrease to keep energy output (base load) steady... I can't imagine what global hasharate tracking would men to global energy markets if Bitcoin is also the currency peg.
Reply With Quote
  #22  
Old 25-11-2021, 04:52 AM
BigJohn BigJohn is offline
Master
Join Date: Sep 2018
Location: अनुगृहितोऽस्म
Posts: 13,653
  BigJohn's Avatar
Do you plan on moving to El Salvador?
__________________


 
       ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜

      Happiness is the result of an enlightened mind
     whereas suffering is caused by a distorted mind.

     ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜


Reply With Quote
  #23  
Old 25-11-2021, 04:57 AM
Gem Gem is offline
Master
Join Date: Oct 2010
Location: Australia
Posts: 20,640
  Gem's Avatar
Quote:
Originally Posted by BigJohn
Do you plan on moving to El Salvador?
I wouldn't go anywhere near a place like Bitcoin city!
Reply With Quote
  #24  
Old 25-11-2021, 05:24 AM
BigJohn BigJohn is offline
Master
Join Date: Sep 2018
Location: अनुगृहितोऽस्म
Posts: 13,653
  BigJohn's Avatar
Why not?        
__________________


 
       ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜

      Happiness is the result of an enlightened mind
     whereas suffering is caused by a distorted mind.

     ⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜⁜


Reply With Quote
  #25  
Old 25-11-2021, 06:51 AM
Gem Gem is offline
Master
Join Date: Oct 2010
Location: Australia
Posts: 20,640
  Gem's Avatar
Quote:
Originally Posted by BigJohn
Why not?
My scene is more like a log cabin in Montana... I'm more flannel than finery.
Reply With Quote
  #26  
Old 25-11-2021, 04:49 PM
Traveler Traveler is offline
Experiencer
Join Date: May 2021
Posts: 402
 
Doesn't bitcoin require a huge amount of processing power? I don't quite understand how "bitcoin mining" works. To me, it seems like bitcoin is a cross between a commodity and a credit card. This currency is perfect for criminals, as it leaves no trace. It is ripe for abuse as we see with all the computer hacking/hostage taking and demanding payment in bitcoin. I just don't see the positives outweighing the negatives.
Reply With Quote
  #27  
Old 26-11-2021, 12:28 AM
Gem Gem is offline
Master
Join Date: Oct 2010
Location: Australia
Posts: 20,640
  Gem's Avatar
Quote:
Originally Posted by Traveler
Doesn't bitcoin require a huge amount of processing power?
yes.
Quote:
it seems like bitcoin is a cross between a commodity and a credit card.
that's a good description
Quote:
This currency is perfect for criminals, as it leaves no trace.
The ledger is open source so anyone can trace any transaction. It's not good for criminal transactions. Criminals use cash because it leaves no trace.
Quote:
It is ripe for abuse as we see with all the computer hacking/hostage taking and demanding payment in bitcoin. I just don't see the positives outweighing the negatives.
There is some crime going on, but most crime is done in cash and all dirty money is laundered through businesses and banks that we accept as 'normal'.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 02:15 AM.


Powered by vBulletin
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
(c) Spiritual Forums