Quote from: Peter90 on May 18, 2024, 10:25:13 AM

Quote from: NotATether on May 02, 2024, 12:45:58 PM

No thanks, I don't want to be having all these miners next to my dam. That'll just mean more power outages. And the government is already rationing power between districts, so I think it is a very dumb idea to make electricity even more scarce by giving it to the miners.

Although in fairness there have not been so many outages recently probably because it's raining so much here, but just wait for the rain to stop and then it will be back to outages as normal.

Wrong
~

Power infrastructure here isn't the same as in USA. I'm not going to pretend I know about the electrical situation in Texas but the lines are clearly more stable across the whole country than over here. A single technical glitch or heavy rainfall is enough to down a power line and disrupt a neighborhood's supply here. And there's no advanced monitoring of outages at all (but that is a problem across the whole continent).

Also, a bit irrelevant but everyone's still gotta make a trip to the utility in order to pay for electricity and transfer it to the "electricity card" for the meter. A couple other countries in Africa are like that too.

So doesn't make much sense to compare geographics between a first world and a third world country.

Gold are very expensive. This will lesson the number of those that invest in it if compared with bitcoin that you can buy with just $50. You need thousands of dollars to buy gold bars.

The advantage that Bitcoin give to us though is that anyone can invest on it, average joe like the majority of us and then we have like big institutions and maybe some millonaires and billionaires that we are not aware of this it is (psuedo)-anonymous.

Now bitcoin has become much more attractive than gold in terms of popularity and demand among people. With the way BTC is attracting people's attention, it looks like it will become the most popular ever.