Bitcoin is not digital gold. Gold is a separate mineral that comes from the Earth. Bitcoin is artificial scarcity, artificial wealth redistribution, and legalized gambling.
#BitcoinCritique #DigitalGold #ArtificialScarcity #WealthRedistribution #GamblingRisk #CryptoDebate #GoldVsBitcoin #CryptoCriticism #FinancialFreedom #MarketManipulation #CryptoTruth #InvestSmart #EconomicDebate #BlockchainIssues #MoneyMatters #CryptoSkeptic #GoldStandard #FinanceTalk #CryptoFlaws #RealityCheck
"The halving is ultimately expected to double Bitcoin’s production cost to about $40,000, JPMorgan Chase & Co. strategists wrote in a June 1 note. The cost of producing one #Bitcoin ranged between about $7,200-$18,900 in the first quarter"
40k a crazy amount of energy for 1 Bitcoin in the ledger. #cryptoskeptic that's literally like the average Americans salary.
TALES FROM THE CRYPTO WINTER
Some acolytes lost faith, others blamed devils—and some went even harder. An essay exploring what happens when the prophecy of blockchain fails.
Crypto Winter 2022 Cost Bitcoin ($BTC) Holders More Than Cash https://www.bloomberg.com/features/2023-crypto-winter/?ai=eyJpc1N1YnNjcmliZWQiOnRydWUsImFydGljbGVSZWFkIjpmYWxzZSwiYXJ0aWNsZUNvdW50IjowLCJ3YWxsSGVpZ2h0IjoxfQ==
#Bitcoin just reached ATH ... of energy waste : >16 Gigawatts (147 TWh/ year) are currently wasted to randomly guess numbers, with no other usage than fueling the biggest decentralized casino on earth.
That's more than the total consumption of #Ukraine 🇺🇦 (~134 Twh per year)
Organic interest in #Bitcoin peaked in 2017.
It is half as low today as it was in 2014.
All the "buzz" & price pumping you are witnessing today is artificial / generated by big whales and the bitcoin industry.
https://trends.google.fr/trends/explore?date=all_2008&gprop=news&q=bitcoin&hl=fr
Did you know that #Bitcoin is far more unequal than the Dollar?
#Bitcoin is far worse than the system it claims to replace, in every way :
❌ inequalities
❌ efficiency
❌ environmental footprint
❌ safety / hacks
❌ governance
❌ centralization
❌ accountability
#CryptoScam #CryptoSkeptic #cryptocurrency
https://gizmodo.com/bitcoin-s-inequality-problem-is-putting-the-dollar-to-s-1848248393
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