Topic: Elon wants Bitcoin to be a Currency not a Asset from the 'B' Word - page 2. (Read 340 times)

I don't think this problem is as big as people say. I think it is even the opposite in my experience: volatility makes me sell it more than I would if it were stable.

If volatility was so big problem, nobody would ever sell their bitcoin for fiat (that is the same as buying a grocery with bitcoin), and the liquidity and daily volume would be very low in exchanges. This is not true.

I sold some of my bitcoin stash in the last few months. It would be much cheaper (considering exchange's fees) to just buy stuff with that bitcoins I sold.

I wish I could buy a ps5 or a TV with bitcoin, for example

I am not the only one who once in a while sell a little bit. I sell in an exchange because I can't buy goods directly with it.

What makes me sell it is the volatility. As price goes up I think it is a good time to sell a little bit. If the price was stable, my stash would work much more like gold or some other stable asset and I wouldn't have to rebalance my portfolio.

when you realise there is no spoon. you can then bend the spoon

block data and raw transaction data has never will never contain a btc.
its a myth
read the raw data it is and always has been in satoshi's

its no longer 2012 where i was buying lots of 'btc' on exchanges.
instead most people buy 0.01btc in blocks
soon it will be an average spend of 0.0001

the price of a btc might seem volatile swinging from 30-31k
but at normal spending habits of $3 to $3.10

in fiat retail/grocery stores
ive seen products go to $4 a week after saying they are on a deal at $3 and a week later be on another deal at $3.50

so forget about the big 'gold bar' $32k lump which no one buys by that lump size..

consider things at the 0.0001 level

Obviously, I'm not trying to argue that miners should be sent to space, and mined, but the rocket ships have very sophisticated cooling systems. Granted they are absolutely huge, and is probably quite expensive if you compared if with the profitability of the miners, but they would be able to cool it, just not within profit. Obviously, on a satellite it wouldn't work, but in their ships you could potentially do it if you were that way inclined.

We'll probably see these sort of sophisticated cooling systems become somewhat affordable in the future, and data centers will begin to use them, and therefore big mining operations might too.

No, because that's a lot of weight and you will have massive problems with cooling miners in space.


It looks like that because you read a lot more Bitcoin news than mainstream news. Still it's true that Bitcoin gets unfairly more attention than other industries.


Bitcoin is not mined on GPUs, everyone should know that. The problem here is not who does more harm to environment, it's also how much utility is provided for the harm caused.

- At what Market cap Bitcoin must be to become less volatile and more stable similar to the Swiss Franc currency CHF so bitcoin owners can start spending their Sats on everyday groceries and a morning commute coffee drink?

- When will Bitcoin become easy to use like a credit card, like swipe/contactless directly without using 3rd parties to facilitate this? I know there's bitcoin credit cards but they still using 3rd party Visa or Mastercard facility for this which is centralized not decentralized. What's the point of using decentralized bitcoin to pay for stuff when we still need to rely on middle man centralized visa or mastercard who can freeze your card anytime they feel like it. Bitcoin is suppose to be independent and decentralized. Imagine buying a lambo on a bitcoin credit card and realise at the checkout till desk visa or mastercard has declined your payment  

- Really Cheap or Free BTC transaction fees.

Bitcoin can become world reserve currency status overtaking $US Dollar if just the 3 above is accomplished and reached. If Bitcoin wants to be a Asset instead like Gold Store of Value then above 3 doesn't matter and yeah world reserve currency status doesn't matter too.


Elon says Bitcoin Mining can be used as a heater to heat up non residential rooms instead of using a normal conventional boiler/heater so it doesn't look like energy wastage. For example similar to using your bath water to water the plants in your garden or use the bath water to wash your car so no water wastage or not turning on the lights and staying in the dark to save energy. So what about bitcoin mining in hot countries in relation to Elon discussion on btc mining heating  

Is it possible to put up bitcoin mining rig on each of his star link satellites that can get solar energy directly from the sun so it looks greener?

Why is it that only Bitcoin is picked on by governments and mainstream media blaming it as the climate destroyer of our planet when there's 1000s of industries out there especially the crude oil industry that does million times worse damage and banks that have brick and mortar branches that waste energy because most banking customers do online banking anyway

I bet Tesla operations does more harm to the planet than Bitcoin. How can a bunch GPU's kill our planet and they not even overclocked also lol?

I can get a solar powered calculator and run useless math equations on it in the whole daytime outside before it gets dark which is waste of my time and waste of suns energy but as long its not killing the planet then who cares and why governments and mainstream media cares about bitcoin mining that is already 75% renewable anyway?

So has the Bitcoin Community decided whether Bitcoin will be a 'Currency' or 'Asset' and from there Bitcoin can move on and leave these stupid arguments behind

I know original Satoshi Nakamoto whitepaper mentions Currency but back in 2008/2009 it was suitable for currency then because back then fees were dirt cheap or free due to Btc being new back then with less volume and easier mining.