[Cog]

$this->bbcode_second_pass_quote('pstarr', 'O')r like trying to discuss net energy with an oil-industry intern lol

[EnergyUnlimited]

$this->bbcode_second_pass_quote('KaiserJeep', '
')I didn't say that laboratory toys did not exist. However, we do not have cryogenic electronic devices that can remain online, or can do useful work, or that can be bought because they are in production because even at -452 degrees, superconductivity is a fleeting phenomenon, not one that persists more than a few microseconds.

[KaiserJeep]

Look, I'm aware of the "floating" lead ring that supposedly has a current flowing around in it and will levitate in a magnetic field, presumably forever. I say "presumably" because anytime I have seen or heard about such a demonstration, they shut it off after a few hours, because they did not have an energy budget or a liquid gas budget that allowed the expense of maintaining those temperatures forever.

However, that lead ring is a parlor trick, and never did a useful lick of work. Are YOU aware of even one cryogenic flip-flop that can be bought from an engineering catalog? Or a CPU or gate array or an operational amplifier or a memory chip intended to operate at cryogenic temperatures?

You seem to have ZERO COMMON SENSE, and you are equating laboratory parlor tricks to usable technologies. That has never been true, and most of the fanciful descriptions of cicuitry are outright outrageous fabrications and exaggerations intended to invoke R&D funding, a form of fiction that is almost universal, as every scientist I ever saw in search of funding wrote about near term practical applications that didn't ever come about. Really, if you actually have a background in one of the hard sciences you would know this.

Now as they say, put up or shut up. Link me to an example of a working cryogenic computer. Or link me to any superconducting commercial products of any kind. Else admit that you are totally lacking in judgement in these matters.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('KaiserJeep', 'L')ook, I'm aware of the "floating" lead ring that supposedly has a current flowing around in it and will levitate in a magnetic field, presumably forever. I say "presumably" because anytime I have seen or heard about such a demonstration, they shut it off after a few hours, because they did not have an energy budget or a liquid gas budget that allowed the expense of maintaining those temperatures forever.

[KaiserJeep]

I don't doubt that superconductivity exists - one of my undergraduate professors was John Bardeen, who contributed the "B" in the original "BCS" theory of superconductivity.

But quantum computers are the stuff of imagination so far, unless you have a link for me.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('KaiserJeep', 'I') don't doubt that superconductivity exists - one of my undergraduate professors was John Bardeen, who contributed the "B" in the original "BCS" theory of superconductivity.

But quantum computers are the stuff of imagination so far, unless you have a link for me.

[Plantagenet]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('KaiserJeep', '
')....quantum computers are the stuff of imagination so far, unless you have a link for me.

[radon1]

Well, according to ETP, the rise in energy consumption from bitcoin mining should result in reduction of the net energy available to the consumer, and consequently, the people will not be able to afford to pay for bitcoin, and bitcoin's price will have to stay below the net affordable curve or whatnot.

Or, alternatively, the introduction of quantum computers into the oil extraction processes should result in energy savings, leading to more net energy available to the consumer, so that the people will be able to pay more for oil, therefore the oil price will rise.

[KaiserJeep]

The people paying for the energy consumption of cryptocurrencies are the banks and merchants. Don't think they won't notice that cryptocurrencies cost them more energy and compute time than credit/debit transactions and start applying fees to them.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('KaiserJeep', 'T')he people paying for the energy consumption of cryptocurrencies are the banks and merchants. Don't think they won't notice that cryptocurrencies cost them more energy and compute time than credit/debit transactions and start applying fees to them.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('KaiserJeep', 'T')he people paying for the energy consumption of cryptocurrencies are the banks and merchants. Don't think they won't notice that cryptocurrencies cost them more energy and compute time than credit/debit transactions and start applying fees to them.

[tita]

$this->bbcode_second_pass_quote('EnergyUnlimited', 'L')ook at rapid changes of value of bitcoin yesterday.
Check it at worldcoinindex.com, Bittrex or elsewhere.
My son walked approximately $120 000 richer out of this, within few hours.
Buy cheap, sell expensive.
There is no other market these days which would allow you that.
Bitcoin is not designed to buy you a cup of coffe. It is designed to make you rich.

[EnergyUnlimited]

Bitcoin and other crypto are very sweet.
There are countless cretins investing in these, peoples who should keep far away from stock exchanges but for some reason they don't. It is not too difficult to guess behavior of these peoples few minutes into the future and that is all you need while playing short.
Dynamic of sales and purchases is very naive. You are not gambling against hardened professionals but against fools. So my son is regularly scooping substantial money.
He started his adventure few months ago with $20000. Now he is well in excess of $1 million, approaching 1.5 million.
Mind you, until very recently these FOMO type cretins were also making decent money, but less so than they would if doing nothing and play "long".
Now, while market goes down, they will certainly loose.
Tough life.

What is the use of bitcoin and other crypto?
They are sweet instruments allowing you to get rich and very quick (Yes, getting rich quick is possible, despite what whiners are telling you!!!). I care little about other uses, they might be there or not but for me they are irrelevant, albeit it is reassuring to know that government agencies might be powerless to confiscate (steal) your bitcoins without advanced quantum computers, which they don't have yet.

BTW, he invested more and didn't scoop full 18%.

[KaiserJeep]

OK, I'll bite. Your son is making money, so why don't YOU take your whole retirement fund and do the same with it?

You are obviously a believer, while I'm a skeptic. Convince me, because I see Bitcoin as yet another form of pyramid scheme, and believe that after enough people jump onboard, those who understand what it's really about will sell everything, initiating the panic that leaves them rich and the late Bitcoin investers broke.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')Buy cheap, sell expensive.
There is no other market these days which would allow you that.
Bitcoin is not designed to buy you a cup of coffe. It is designed to make you rich.
$this->bbcode_second_pass_quote('tita', '
')Yeah, but you have to find a sucker who wants to buy high.

...

And apart from this gambling use, I'm not sure of what is the actual use of bitcoin...

[EnergyUnlimited]

$this->bbcode_second_pass_quote('KaiserJeep', 'O')K, I'll bite. Your son is making money, so why don't YOU take your whole retirement fund and do the same with it?

You are obviously a believer, while I'm a skeptic. Convince me, because I see Bitcoin as yet another form of pyramid scheme, and believe that after enough people jump onboard, those who understand what it's really about will sell everything, initiating the panic that leaves them rich and the late Bitcoin investers broke.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')So here we are currently with Bitcoin hovering a bit over $10,000 as we speak, or about $4000ish below where it has been averaging in recent weeks.

So what's an intelligent speculator to do? Buy now? Wait for $5000? Wait for it to start back up above X and buy then?

[AdamB]

$this->bbcode_second_pass_quote('', ' ')
Where to go from here? If trust and sustainability were the two conditions that allowed for the transition from physical gold to paper currency, it is from this basis that we must start to analyze where we are going and what effects the next economic crisis could have. In 2008, confidence in central banks saved the global economy. But as Mario Draghi said, the bazooka of quantitative easing was fired and a second hit during a crisis would have proved ineffective. The reason is complex and must be clearly explained. Most people are paid in a currency deposited in the bank, because that is where one keeps one’s currency, able to withdraw it at any time. But in the event of an economic crisis, priority is given to the banks, whatever remaining liquidity being for the customers. The reason why there was no

[Cog]

Yeah no thanks. I can lose money a lot slower in the stock market.

$9,942.04
Bitcoin price
−$3,398.72
Since last month (USD)

−25.47%
Since last month (%)

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', 'Y')eah no thanks. I can lose money a lot slower in the stock market.

$9,942.04
Bitcoin price
−$3,398.72
Since last month (USD)

−25.47%
Since last month (%)