Bah. I'm trying to get into this but none of the exchanges are accepting photos of my ID when I'm trying to verify my account. If I miss out on a big profit because of this, I'm going to be super pissed. — Michael
According to one widely cited website that tracks the subject, the Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark. By the site's calculations, each Bitcoin transaction consumes 250kWh, enough to power homes for nine days.
Once again I ask, which came first the Cryptolock or the Cryptocurrency? Cryptocurrency became the vogue way of paying off the ransom to those who Cryptolocked their systems. I am pretty sure that the very lock I am speaking of was attempted at PF but there was no money to be had, so they unlocked it and moved on but not before making financial requests of Paul while holding the forum hostage. — ArguingWAristotleTiff
↪fishfry I've had more luck with CEX. Just need to verify a bank transfer and then I'm good to go. :) — Michael
Trading of fictive commodities without much underlying value is always a zero-sum game. — Agustino
Okay, so how does this translate into economic value? Who exactly, in what industry, would be helped? — Agustino
Right, except that it's very risky. If your Bitcoins get stolen, that's it, you're finished - they're not backed by anything.Anyone who would want to set up regulations on their funds without having to pay banking or wiring fees. It doesn't specifically helps an industrial domain, it just empowers you to do what you ask your bank to do. More or less. — Akanthinos
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