STOP INVESTING IN FUNDS!!!!
- Thread starter cam_blev
- Start date
ESG is causing lower returns and destroying capital markets. Just another Marxist tactic to give more power and control to government elites.
It's much worse than causing lower returns and destroying capital markets. It has been a massive misallocation of capital that will end up killing people. Eliminating reliable energy generation to replace it with unreliable energy generation will lead to people freezing to death in parts of the world. Also, the reduction in natural gas has led to a decrease in fertilizer and food, etc.
These people are buying up all the housing, making it unaffordable. These people pay millions to get legislation passed for squash competitions.
You have to have reliable energy to sustain life.
Money is Energy, Energy is money. The entire situation in Ukraine is over energy and the money used to buy and sell energy. This is what its all about.
These people are buying up all the housing, making it unaffordable. These people pay millions to get legislation passed for squash competitions.
You have to have reliable energy to sustain life.
Money is Energy, Energy is money. The entire situation in Ukraine is over energy and the money used to buy and sell energy. This is what its all about.
All part of the globalist plan, bro. Millions starving and freezing are a small price to pay for the elites who will rull over all.
I believe using energy to secure a neutral, un-censorable, monetary network for everyone to use is the best use of energy possible. The increased efficiency in accounting/finance alone would more than makeup for the energy used not to mention the bureaucracy and fees by governments and banks.
ALSO bitcoin miners want cheap energy that is in abundance because that is the cheapest. Miners will move to where there is energy being wasted to be the purchaser of last resort as opposed to being somewhere that energy availability is low.
Bow down peasants.
You'll be lucky if PoW crypto like energy wasting BTC isn't banned by most gov'ts.
Good luck. What do you think the plan is to dictate what code you can run on your computer? Do they also ban the use of Bitcoin mining to reduce carbon emissions on oil rigs that are flaring gas?
Code is speech, this is a first amendment issue.
China has tried and there are people there who are still mining bitcoin.
If US bans it, the majority of it moves to a country with loads of energy and a low population and will jumpstart a 3rd world country to be the new global power. (see volcano mining in El Salvador)
Amazon and Google servers use more energy than bitcoin miners do right now. Christmas lights use more electricity than bitcoin does. Should we ban those too?
Without BItcoin we all end up on CBDCs and social credit scores. Do you think that is a good thing?
How much more efficient could the economy be if Visa didn't get 3% of every transaction? What about the fees charged to send money internationally and the week it takes to get there. Could business be done more efficiently if it was done without those fees and delays?
Crypto will fix that but BTC won't be a major player. Much better options out there for payments. Only reason BTC is getting any use with payments now is because the space is young.
There towns and municipalities all over the US banning crypto mining due to the energy consumption. And it’s really easy to tell when it’s happening. Same as people running hydroponics operations in their houses.
here is a miner that runs on your desk and doesn't use a lot of power.
If proof of work mining is made illegal is this little computer also illegal?
What makes it illegal? Is it just the fact that it gives a reward?
I have one I'm going to make into a space heater.
do you think more energy is used worldwide by space heaters or Bitcoin miners? They both create roughly the same amount of heat per wattHere is Bitcoin mining being used to reduce carbon emissions. There is no reasonable argument to ban proof of work mining
here is a miner that runs on your desk and doesn't use a lot of power.
If proof of work mining is made illegal is this little computer also illegal?
What makes it illegal? Is it just the fact that it gives a reward?
I have one I'm going to make into a space heater.
Here is Bitcoin mining being used to reduce carbon emissions. There is no reasonable argument to ban proof of work mining
The power consumption is what makes it illegal. The way power is billed and allocated, it’s based on an average for the neighborhood. Bitcoin miners are fvcking over the rest of the people on their grid.
You’re like a vegan. Just do your thing and stop being an evangelical, recruiting and whatnot. Enjoy your crypto, exploit it while you can. I personally think it’s shortsighted and bad for our nation’s security. My opinion isn’t going to change and no amount of your posting propaganda is going to change it.
Firstly, no one is trying to tell vegans they cant be vegans. Many, possibly including you, think that you should be able to tell people what they can use energy for.
The first link I posted is a bitcoin miner that uses very little electricity, less than a home computer. Should that be made illegal because of the type of processing being done?
If power consumption is illegal why isn't it illegal to run a space heater? They create almost the exact same amount of heat they just don't also make bitcoin.
Should it be illegal to put up Christmas lights? Christmas lights use more power than the entire bitcoin mining industry.
Drying clothes can be done without using any electricity at all. Why should people be allowed to use energy to dry clothes just because it gets it done faster?
I also provided a real-world example of using 100% wasted energy to run bitcoin miners not connected to the grid at all. Should this also be made illegal?
If your opinion is not going to change when you are presented with a better argument that's on you, but I'll keep trying to educate
If Bitcoin is the way, the truth, and the light, why isn't it offered in traditional employer offered retirement plans? Maybe it is and I just don't have a plan offering it.
your title is "stop investing in funds". people will continue as long as it is the only option.
if it is not an option, then why not?
If it’s not increasing the broader groups energy consumption, then it shouldn’t be made illegal.
You’re not presenting a better argument. You’re presenting a case for anarchy and the destruction of the US as a Super Power and the destruction of many people’s lives. Your side won’t be allowed to win.
Sounds like a socialist's energy plan. You dont know what is good for the group.
US is already failing as a superpower, it is an empire that has overextended militarily and debased its monetary supply. Then culture erodes, then financial collapse. Tale as old as time really. I'm not on a "side" for anyone to stop from winning.
Everything that is going on with Russia right now is over this. The US abusing the petrodollar hegemony to steal from the rest of the world. For decades we just killed every leader that wanted to trade oil in something other than USD. We owned the financial rails and used them as weapons. Then while the whole rest of the world's financial systems relied on our monetary policy we've put ourselves in this situation.
Bitcoin is just code it is not democratic or republican or liberal or conservative or Chinese or American or Russian.
To be honest, if you want the US to stay a superpower and be a better place you would want them to start buying Bitcoin. Give it legitimacy Americans already own most of it and a significant amount of the mining power. And it makes our country go back to one that stands for freedom and individual rights and liberties, but you aren't ready to hear that just yet. Keep supporting the system that props up pedophiles and murderers. If you vote harder next time maybe a different group of pedophiles and murderers can call the shots.
there are some offering it already. More and more will start offering if they don't collapse first. But the idea is to not let someone else control your money and to control it yourself because you can.
The convenience of investing in funds instead of participating in the capital allocation process has led to massive misallocation of capital and eventually ESG. Quite frankly it has been the downfall of our society.
that's not going to happen to the degree you want, at least not in the immediate future. No different than people controlling their health by making personal decisions but rather seeking a medical provider (and still not making wise choices on health). Like who lets another man put his arm in his anus up to the spleen and ruptures his spleen as an act of sex? Then seeks health care and get mad when asked "did you know not to do that?".
And the downfall of society started well before bitcoin and can accurately be placed around LBG's war on poverty and the explosion of entitlement programs. That's around the time the left because stronger at making promises they had no intention on keeping.