# Yay or Nay on crypto? **URL:** \ **Category:** Just for fun!\ **Tags:** tech, environment, yay-or-nay\ **Created:** [June 17, 2024, 1:21pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213 "2024-06-17T13:21:26Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![Picks\_by\_Nisha](https://sellersasksellers.com/user_avatar/sellersasksellers.com/picks_by_nisha/32/1367_2.png) [@Picks\_by\_Nisha](https://sellersasksellers.com/u/Picks_by_Nisha)\ **Post date:** [June 17, 2024, 5:37am UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/1 "2024-06-17T05:37:27Z")
> [@Weather](https://sellersasksellers.com/t/weather/4144/31): > > These are currently big areas of concern in my state, due to number, drain on grid, and how it could all affect tourism (centered around our natural beauty and resources). I saw a report about some rural area where a crypto mining center had started running (I think in NC, but not totally sure). The type of area where you might expect something like a U-Store warehouse or similar, but not a real business. Seems that besides the grid connection being a big issue, the noise from the cooling system was loud enough to bother the people living anywhere within a mile or so. Run, of course, by a Chinese company. No contribution whatsoever to the local economy, but a major PITA for the people there. ---
**Author:** ![Picks\_by\_Nisha](https://sellersasksellers.com/user_avatar/sellersasksellers.com/picks_by_nisha/32/1367_2.png) [@Picks\_by\_Nisha](https://sellersasksellers.com/u/Picks_by_Nisha)\ **Post date:** [June 17, 2024, 5:58am UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/2 "2024-06-17T05:58:37Z")
Not 100% sure, but I think this may be about the operation I had read about. Not Chinese; SF based: > **[How the blare of a crypto mine woke up this Blue Ridge Mountain town | CNN](https://www.cnn.com/2023/01/19/us/north-carolina-crypto-mine-noise-weir-wxc/index.html)** > > Ambivalence turned to anger when a crypto mine opened in Murphy, North Carolina, bringing what one man called the noise of “a small jet that never leaves.” ---
**Author:** ![wadeorcas](https://sellersasksellers.com/user_avatar/sellersasksellers.com/wadeorcas/32/6762_2.png) [@wadeorcas](https://sellersasksellers.com/u/wadeorcas)\ **Post date:** [June 17, 2024, 1:16pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/3 "2024-06-17T13:16:03Z")
> [@Weather](https://sellersasksellers.com/t/weather/4144/30): > > Data Centers for Crypto and AI This is an eye opening article about these two things, IMO, that mankind could do without [https://www.forbes.com/sites/davidblackmon/2024/06/13/ercot-ceo-stuns-texas-officials-with-new-estimate-for-power-needs/](https://www.forbes.com/sites/davidblackmon/2024/06/13/ercot-ceo-stuns-texas-officials-with-new-estimate-for-power-needs/) ---
**Author:** ![wadeorcas](https://sellersasksellers.com/user_avatar/sellersasksellers.com/wadeorcas/32/6762_2.png) [@wadeorcas](https://sellersasksellers.com/u/wadeorcas)\ **Post date:** [June 17, 2024, 1:21pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/4 "2024-06-17T13:21:26Z")
> [@Picks\_by\_Nisha](#): > > the noise from the cooling system was loud enough to bother the people living anywhere within a mile or so. happened here too > **[A Texas Town's Misery Underscores the Impact of Bitcoin Mines](https://time.com/6590155/bitcoin-mining-noise-texas/)** > > Residents of Granbury, Texas are complaining of health issues and windows rattling from the constant hum of a Bitcoin mining facility. ---
**Author:** ![Picks\_by\_Nisha](https://sellersasksellers.com/user_avatar/sellersasksellers.com/picks_by_nisha/32/1367_2.png) [@Picks\_by\_Nisha](https://sellersasksellers.com/u/Picks_by_Nisha)\ **Post date:** [June 17, 2024, 5:48pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/5 "2024-06-17T17:48:59Z")
> [@wadeorcas](#): > > that mankind could do without IMO, anyone considering crypto as a serious investment should study up about tulip-mania. Seems to me that BitCoin is nothing more than an electronic tulip bulb. ---
**Author:** ![Dogtamer](https://sellersasksellers.com/user_avatar/sellersasksellers.com/dogtamer/32/4766_2.png) [@Dogtamer](https://sellersasksellers.com/u/Dogtamer)\ **Post date:** [June 17, 2024, 6:09pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/6 "2024-06-17T18:09:11Z")
> [@Picks\_by\_Nisha](#): > > … > Seems to me that BitCoin is nothing more than an electronic tulip bulb. Despite the fact that we ourselves have pocketed a good deal of moolah in judiciously ‘mining’ that particular marketspace over the years since it first appeared, I’m constrained to agree with your assessment. _ **Many** _ are the “economic bubbles” which have wound up bursting over the last ½-millennium or so in Recorded History (and, truth be told, even longer than that); I’ll be surprised if history doesn’t repeat itself on this particular front, sooner or later. ---
**Author:** ![aerides](https://sellersasksellers.com/user_avatar/sellersasksellers.com/aerides/32/159_2.png) [@aerides](https://sellersasksellers.com/u/aerides)\ **Post date:** [June 17, 2024, 9:18pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/7 "2024-06-17T21:18:27Z")
Bitcoin and AI are stupid and worse for the planet than most people realize, ---
**Author:** ![Dogtamer](https://sellersasksellers.com/user_avatar/sellersasksellers.com/dogtamer/32/4766_2.png) [@Dogtamer](https://sellersasksellers.com/u/Dogtamer)\ **Post date:** [June 17, 2024, 10:58pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/8 "2024-06-17T22:58:59Z")
> [@aerides](#): > > Bitcoin and AI are stupid and worse for the planet than most people realize When the aliens come After we are gone And begin digging Through our society’s rusty entrails In hopes of determining “What was their Swan Song?” They’ll pore, avidly, through the dusty details And conclude that Humankind In its blinkered greed Rushing, heedless, to an early grave Paid no mind - Despite the clarion warnings from The Wise - To those things worth the save, By long-term & sustainable need, Which might’ve gone far To stave off our ultimate demise. \_\_ Handbaskets Abound. ---
**Author:** ![Tried\_Tested](https://sellersasksellers.com/user_avatar/sellersasksellers.com/tried_tested/32/10_2.png) [@Tried\_Tested](https://sellersasksellers.com/u/Tried_Tested)\ **Post date:** [June 18, 2024, 12:59am UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/9 "2024-06-18T00:59:44Z")
I’m pro BTC At every crossroads on the path that leads to the future, tradition has placed 10,000 men to guard the past. Much larger discussion and one that goes outside the forum rules - so having said that every new frontier attracts loads of charlatans - so the gold rush had entire businesses centered around it - and FTX happened. As an analogy which hits closer to home. Ecommerce is viable - but look at how many charlatans sell the idea of its ease and profitability. The future will have a place for BTC and Ethereum - I doubt at the level of currency/tender but as asset classes for sure for too many reasons. It will probably see a crazy high after summer followed by a crash when the liquidity crisis hits and everything falls…for whatever peroid. ---
**Author:** ![lake](https://sellersasksellers.com/user_avatar/sellersasksellers.com/lake/32/66_2.png) [@lake](https://sellersasksellers.com/u/lake)\ **Post date:** [June 18, 2024, 4:12pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/10 "2024-06-18T16:12:31Z")
BTC is a solution in search of a problem. To date its use is speculation or gambling. It may be one of the strongest options in gambling since there is less human activity short of the gamblers, and that can be automated like much of the stock market trading. ---
**Author:** ![Picks\_by\_Nisha](https://sellersasksellers.com/user_avatar/sellersasksellers.com/picks_by_nisha/32/1367_2.png) [@Picks\_by\_Nisha](https://sellersasksellers.com/u/Picks_by_Nisha)\ **Post date:** [June 21, 2024, 1:18am UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/11 "2024-06-21T01:18:47Z")
I think that BlockChain (the tech behind BitCoin) is a promising technology, that will find many important uses in the future (and already has several). But I don’t think BitCoin is going to be one of those uses. (and from what little I know about BlockChain, BitCoin is one of the most poorly designed and inefficient applications of it out there) And I find it funny that when BitCoin starts hitting new highs, there’s a bunch of people clamoring for it to be more accepted as currency; not understanding that the very fluctuations they get excited about make for a very BAD currency. ---
**Author:** ![Tried\_Tested](https://sellersasksellers.com/user_avatar/sellersasksellers.com/tried_tested/32/10_2.png) [@Tried\_Tested](https://sellersasksellers.com/u/Tried_Tested)\ **Post date:** [June 21, 2024, 4:02am UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/12 "2024-06-21T04:02:25Z")
Excellent. BTC and altcoins is highly speculative and therefore the volatility - but the fundamentals of tech and wider applications (ETH filling in for BTC shortfalls etc) - as you mentioned are foundational shifts which are here to stay. BTC will dip it seems a tad until the summer lull and then rip to new highs in line with the market - but alas as the elections near and after - isht will hit the fan - come next year we’ll all be having very different conversations. ---
**Author:** ![wadeorcas](https://sellersasksellers.com/user_avatar/sellersasksellers.com/wadeorcas/32/6762_2.png) [@wadeorcas](https://sellersasksellers.com/u/wadeorcas)\ **Post date:** [July 10, 2024, 3:26pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/13 "2024-07-10T15:26:49Z")
With the unprecedented heat lately, it’s gonna be a problem when Texas electricity consumers can’t run their A/C because bitcoin crashes the grid. This is so destructive! > **[Texas leaders worry that Bitcoin mines threaten to crash the state power grid...](https://www.texastribune.org/2024/07/10/texas-bitcoin-mine-noise-power-grid-cryptocurrency/)** > > Granbury residents are raising alarms over noise from a local Bitcoin mine, while state lawmakers warn that the energy-hungry facilities risk “crashing” the electrical grid. ---
**Author:** ![papy](https://sellersasksellers.com/user_avatar/sellersasksellers.com/papy/32/7639_2.png) [@papy](https://sellersasksellers.com/u/papy)\ **Post date:** [July 10, 2024, 9:45pm UTC](https://sellersasksellers.com/t/yay-or-nay-on-crypto/4213/14 "2024-07-10T21:45:48Z")
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