/biz/ - Business & Finance

>>18428264
Link is staking.

The west still has more money than China. This is why anyone who isn't a commie faggot chink should be avoiding BTC or PoW coins like the Corona and going into coins that use PoS. It is the future anyways.

Even on the BTC wiki it is admitted that energy use will become a huge issue. If the price goes too high for too long energy consumption will follow. No one will let BTC consume 40% of the worlds energy. Basically it could never go to one million dollars a coin, or the mcap of gold. So any major moon mission you think you could get from BTC is a myth.

https://en.bitcoin.it/wiki/Weaknesses#Energy_Consumption

>>16649212
Do you think they are honestly going to give you a western investor anything worthwhile? Fuck no. If the world starts to respect this shit at all their attacking. There is a reason they have YOU buy it, and won't let their own people buy it, despite mining it.

I say this to you because you need a wake up call. Many guys in cryptocurrency are good people who realize that western civilization is fucked up. However, the reason why some of you realize civilzation is fucked up is because you are not insulated from the shitty parts of the west. I realize some bitcoiners aren't smart and I want them to realize what is up with BTC before they lose all their value.

>>16649210
>There are four miners in China that control over 50% of Bitcoin.
That is exactly why I made the post. China controls 65% of the hashrate. Also, what countries government in the world can make its businesses and people jump when they say jump? China. They are communist and authoritarian. If you think PoW is a good investment, you need to start rethinking this now.

I would much rather be in PoS, as it is based on money. The US and Europe control 56% of the worlds wealth. It would be very harmful to insect human chinese if we all moved off of PoS.

Stop making chinks rich.

>>16467916
When you buy BTC you are giving your money to chinks. They control more than 50% of the hash power. No thanks.

With PoS money is used to secure the network. The western world can compete much more on money than it can on cheap electricity. Fuck Chinks.

Proof of work? more like Proof of Chink.

If BTC adoption rate keeps on climbing, then it will continue to need more and more power to secure the network. Chinks have a HUGE advantage when it comes to this, and that advantage will only become greater overtime because of the extremely low power costs in China.

When you buy bitcoin, you are giving your money to chinks, plain and simple. BTC miners sell bitcoin often times at market price as soon as the coins are mined. Are you happy with all the cool toys you are buying them? To continue to buy this coin, you are basically giving people in shit countries free money. Maybe next time just donate some money to africa? You know, a place with countries that aren't threatening your existence and freedom?