Showing posts with label fiat money printing. Show all posts
Showing posts with label fiat money printing. Show all posts

Why Bitcoin Mining Is Good For The Environment And Why It Needs To Project Much More Power To Burn Fiat Wastes

  For the past couple years there have been no shortages of false narratives and propagandized news articles and youtube videos against the Bitcoin process of securing itself. This is called "Mining" by some but is simply computers around the world protecting peoples money by preventing bad actors from stealing from them.

   It is important to look at Bitcoin mining more as the security of every individuals money on the network, so asking them to apologize for the energy use is like asking them to allow attackers to steal their money. And it is also crucial to understand that the level of energy required to secure the Bitcoin network would not be so high if they were not an ever growing amounts of attacks against its security. So Bitcoin security level or Hash Rate can be viewed as a counterattack of defense instead of an offense, because Bitcoin is just fighting for its survival in a world full of poisonous snakes.

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 Apparently, to some this is a very bad idea, allowing plebs(hard working individuals) to secure their life blood saving energy into something that cannot be debased or steal from them. But those same people are proposing proof of stake(More Stake More Power) as an alternative system to them regardless of all the harms this similar type and current PoS system has and currently causing to the planet, the environment and humanity as a whole.

First of all, Let's see how Bitcoin mining is doing good to the environment and our planet

  It is universal knowledge that we live in a finite planet 12,756 km of diameter and 5.97x10^24 kg of limited mass, therefore we cannot indefinitely expend on it. When central banks are printing unlimited amount of money to stimulate ever growing consuming economies they assume that we can grow forever on a finite planet. This is why we are fulling up our landfills to the max with all sorts of useless products, and also this is why most people are obese(expansion in our body). They want us to spend to support an inefficient economy that is destroying the planet. While they don't seem to realize that, and they are attacking Bitcoin which is the cure to the inflation disease they created in the first place. So by starving the fiat (inflationary) system Bitcoin is ultimately curing the planet and the environment. Because Bitcoin is the opposite of the inflationary system and it incentivizes saving and protection instead of spending and destruction, so no wars like: trade wars, currency wars, world wars, ..

 Many of those fiat excrements out there are too fiat blind to see the net positive benefit of Bitcoin to the environment and the planet and are not sober enough to see how harmful fiat is to the planet. Well, yes most of these energy Bitcoin uses will be harmful Methane gas from landfill generated by over consumed economies stimulated by fiat monies. So Bitcoin is not the cause of the issue here but the fix to the issue itself. Same thing is happening in the oil and gas industry that has an history of being massively subsidized by governments, but now Bitcoin security is paying them to take the gas that would have gone flaring/venting into the atmosphere.

   And most importantly, Bitcoin incentivizes efficient energy production on the energy market, which is great for humanity's prosperity and advancement. So in a Bitcoin standard energy will be cheaper and humanity will be more efficient. Remember, energy is all around us and all above us it's only a matter of finding the best strategy to extract it. 

 Second, let's look at why Bitcoin security needs to consume more energy to project a lot more power

   Bitcoin needs to consume much more energy so it can challenge inefficiencies on the market in other words to bankrupt the zombies and cleanup the messes. Expectably, we will see attackers coming against Bitcoin security from many different angles with all sorts of attack vectors like the mainstream propaganda machine, powerful/influential individuals like Elon Musk, Powerful Organizations, Central Bankers, Proof of stake crypto project leaders or crypto central bankers and more. They see Bitcoin as a threat because it prohibits anyone to steal to become richer and richer to the expense of the plebs(the hard working individuals).   The fiat scam system did a great job in creating a lot of multi-billionaires throughout its lifetime, in fact, the top one percenters own more wealth than the bottom 99 percent. So these people are extremely rich and they can afford to launch any expensive attacks against Bitcoin security(The plebs money) for that same reason we need the Bitcoin hash rate to go close to infinity. Because the higher the hash rate the less they can cheat and the more they are forced to show proof of work like the honest plebs do everyday they go to work. 


How Does It Feel To Lose Everything In Hyperinflation?

 How Does It Feel To Lose Everything In Hyperinflation?

 Hyperinflation is the process through which the money you are using is becoming worthless in the blink of an eye, meaning everything you used to be able to afford such as: food, fuel, water, clothing become unaffordable in a very short amount of time. This means all the savings you have had throughout your entire life just got obliterated. Obviously this is not funny stuff, in some cases this is a matter of life and death because we can only stay alive for a short amount of time never eating or drinking, and in a hyperinflationary zone food and water are very scarce. This may sound like it can never happen in your country, your leaders have been insuring you that you will be just fine, it's a nothingburger! Giving you can see the drastic rising prices, you intuitively know that these people are running off-key and it is painful to hear these false sense of security announcements. So it make sense to have an idea how it feel like to lose it all in hyperinflation so you can prepare accordingly.

How Does It Feel To lose it all?

Well, it definitely does not feel good when you cannot feed yourself or your family in any giving day. Specially if you were unprepared or unaware of what was going on. So it make sense to educate yourself about the state of your currency or economy and learn about inflation hedges to protect yourself and your family. If you find value in this post please take a minute to lightning tip me a few sats

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Here is how much paper cash that was required to buy this much tomatoes in the Venezuela hyperinflation. 
The problem is that too many people think they will have time to prepare, this will make things even tougher for the ones who are preparing now,  but is the scale of which things will change. We have been living in high inflationary environment 

What Is The Best Inflation Hedge?

Bitcoin is your best inflation hedge, why you ask? Because there will never be more than 21Million bitcoins in existence, this makes it the hardest money out there. There are not much of other sustainable hedges, since everything else are correlated to the same old system so when it's falling they will probably fall all together, and everything else are simply distractions and noises. Bitcoin is the most immutable ledger of truth ever existed in the history of humanity. It is permission less, censorship resistant and inflation-proof. Now, this is not to say that you should put all your money into bitcoin without even really understanding it, no you should first start learning then take very small baby steps to learn as you go. 

To learn more about Bitcoin there are a lot more posts on this blog that answers a lot more questions about Bitcoin, please feel free to continue to explore more.

I am dedicating a lot of time and energy in researches to provide you all these information and knowledge.

My goal is to help as many people as I can crossing the bridge of understanding the Bitcoin saving

technology so they can protect themselves. If this post helped you in any shape or form and you would like

to support me you are welcome to contribute with as little as $0.5 to this bitcoin address below. But

most importantly please share this with your family and friends to help them out in understanding the

Bitcoin potential to save their lives.

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