Tesla will no longer accept Bitcoin over climate concerns, says Musk

Energize said:
Eh, I just responded to that?

And Bitcoin is just one currency, there are much more power efficient ones out there.
Click to expand...

I was addressing your point specifically regarding Bitcoin and you didn't reply with any relevant evidence, only your opinion things will be better in the future.
 
Can't see that being true. Look how many different types of coin there are and how many people are mining them. A bank's processing is going to be mostly centralised and much lower load.
 
dirtychinchilla said:
Except Elon seems to have made it up:

https://www.independent.co.uk/life-...ning-environment-climate-crypto-b1849211.html
Click to expand...

What, you mean that the entire worlds financial system, atms and trading and everything else is using more energy than a crypto that is only used by a few hundred thousand people? Colour me shocked. Thats like arguing that Hummers aren't really **** for the environment because if you look at all the other cars being used around the world the amount of pollution from hummers is tiny.

Bitcoin is only going to grow in its power consumption and considering how little its used at the moment thats a worry. Probably 3-4bn people use the services that the banking sector is providing vs a few hundred thousands using bitcoin and I think I am probably being generous in those numbers.
 
Rainmaker said:
Monero (XMR) has my vote. It's similarly lower powered, has exceedingly low transaction fees (fractions of a penny, versus pounds for BTC), and also has the advantage of being fully private - unlike BTC. Every transaction in Monero is encrypted (sender, recipient, amount) and every real transaction accompanies 6 indistinguishable fake transactions to obfuscate the chain. You'll never be able to see who owns what, who paid whom, or how much, in Monero. The BTC ledger is public. What's the point of a 'crypto' currency that isn't fungible and doesn't have the privacy benefits of cash? There's a decent P2P/DEX market for XMR too which helps.
Click to expand...

I think XMR is much more viable in the long run, it's the currency of the Darknet which is a huge advantage and is fungible. I've got about £100 just hanging around in my wallet in case the price ever explodes. :D
 
I always said that you should invest in crypto the amount you are not afraid to lose. I invested in Luna and here we go, looks like this one is dead now.
My next step would be to invest in a trading license probably as soon as i know more about it and all the tips and tricks . I guess i cant avoid mistakes anyway but would be nice to minimize the risks.
 
Last edited:
XRP are in a wrangle from the court case and the SEC either way they come out of it damaged or golden... Either one is risky but if your happy to lose it (and you should be its crypto after all) a couple of hundred quid should yield a easy double in 2-3 years time or a quick turn on the success of a win.

Don't know why i bother tbh its like play a fruit machine with worse odds, that takes 4-6 years to spin and win 2 cherry's, I prefer ADA more tbh, as i have been brainwashed by reading about it so much :) but they are not the same function really.
 
You must log in or register to reply here.
Back
Top Bottom