Message from @JadenFrostwolf

Discord ID: 426143727367618570


2018-03-21 22:19:49 UTC  

automation is a pipedream

2018-03-21 22:19:56 UTC  

I can hope

2018-03-21 22:19:59 UTC  

its also a waste of resources

2018-03-21 22:20:04 UTC  

wat

2018-03-21 22:20:09 UTC  

like crytpo currency

2018-03-21 22:20:43 UTC  

I'm not certain that cryptocurrency is a waste of resources. I think it's overrated, but not a true waste.

2018-03-21 22:20:52 UTC  

it uses power ina s tupid way

2018-03-21 22:20:56 UTC  

its a waste of resources

2018-03-21 22:21:17 UTC  

the same people that are all about global warming are using electricity at an alarming rate to create fiat currency

2018-03-21 22:21:26 UTC  

awt

2018-03-21 22:21:27 UTC  

Bitcoin is functional as a global decentralized currency. ~~Like cocaine.~~

2018-03-21 22:21:38 UTC  

twa

2018-03-21 22:21:46 UTC  

cocaine has a purpose outside of being a currency

2018-03-21 22:21:56 UTC  

bitcoin does not

2018-03-21 22:21:57 UTC  

its fiat

2018-03-21 22:22:03 UTC  

its a figment of peoples imagination

2018-03-21 22:22:09 UTC  

Bitcoin only has value because people say it has value.

2018-03-21 22:22:20 UTC  

So does the USD.

2018-03-21 22:22:20 UTC  

that's what fiat means

2018-03-21 22:22:35 UTC  

the USD is back by the US Goverment, Bitcoin is backed by?

2018-03-21 22:23:01 UTC  

If I remember, USD is based off of the value of a real world product, in this case oil.

2018-03-21 22:23:10 UTC  

nope, its fiat

2018-03-21 22:23:19 UTC  

was on gold standard, now is not

2018-03-21 22:23:33 UTC  

oil IS traded is USD but that's the only relationship that I'm aware of

2018-03-21 22:23:48 UTC  

Ah. I knew is *was* gold, but thought they changed it to oil.

2018-03-21 22:24:05 UTC  

completely fiat

2018-03-21 22:24:57 UTC  

Essentially, Bitcoin is 100% backed by world currencies, up until such a point that the owners of those currencies legislate it into irrelevance.

2018-03-21 22:26:11 UTC  

I definitely see the argument for it being a waste of resources, that's why my argument is that it's overrated, but not completely a waste.

2018-03-21 22:26:31 UTC  

its a waste of resources

2018-03-21 22:26:31 UTC  

It's also volatile if/when the world turns on it.

2018-03-21 22:26:45 UTC  

it would be better to suddenly delcare green beans the same value at BTC

2018-03-21 22:26:54 UTC  

that way at least you could feed people

2018-03-21 22:26:55 UTC  

😄

2018-03-21 22:27:02 UTC  

lol

2018-03-21 22:27:47 UTC  

andt he only energy used is sun energy

2018-03-21 22:28:02 UTC  

well until you have underground green bean production using grow lights, but then that's another story altogether

2018-03-21 22:28:23 UTC  

It uses a lot more energy than just the sun.

2018-03-21 22:28:37 UTC  

How do you power the irrigation system?

2018-03-21 22:28:51 UTC  

How do you create the pipes for said irrigation system

2018-03-21 22:29:05 UTC  

How are you going about harvesting?

2018-03-21 22:29:35 UTC  

Are you using a tractor? What of the fuel, and manufacturing costs, including energy used to obtain the raw materials.