Encid t1_izd2lly wrote on December 8, 2022 at 5:15 AM

Reply to comment by HoagiesDad in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79

I think you lost track, this was a conversation on energy use, POS vs POW, I’m not selling anything I’m expressing my educated opinion on a matter you seem to not understand, and blockchain has nothing to do with it, the benefits to the financial system are endless but you don’t see because you don’t understand the friction in the financial system.

Imagine Bitcoin as the rails of a public train own but people all over the world with nodes, and anybody can then transfer money in a frictionless manner. Visa built the same using billions of dollars and it cost retailers 2-3% per transaction, western ion built the same and they charge up to 13% per transaction that paired up with no inflation and store of value is the technological advancement.

Parroting BRK talking points shows how little you understand of the financial system, it is honestly sad, lastly did you know BRK was a textile company? Companies/tech needs to evolve or they will slowly wither.

What worked for you at 55, is not going to work for younger people just think about that for a second.

HoagiesDad t1_izd32hz wrote on December 8, 2022 at 5:20 AM

Meh. You just seem like a dick. You don’t have to restate you think I’m an idiot. I’m just happy I didn’t buy bitcoin in the last year. You can’t even admit it was a good move on my part.

Encid t1_izejx6z wrote on December 8, 2022 at 3:13 PM

You just don’t like people probing that you have lack of critical Thinking and that you play in a financial system you know nothing about.

And I do think not buying bitcoin and balancing your risk portfolio and using it is a huge mistake. Your sort term thinking is beyond belief. Look back in 10 years and tell me if buying bitcoin at 60k was a mistake. Also most people buy bitcoin DCAing same as the stock market, buying all at once at an all time high is not even advised your BKR.

Sad that a 55 year old is so closed up and ignorant.