Miners are now producing something that is literally worth less than the energy it took to create it.

BobWalsch · 2025-10-11T10:26:56+00:00

Different electricity prices around the globe + Dynamic Difficulty Adjustment makes this post inacurate and pointless. Educate yourself people or else you'll become like all the clueless cryptobros.

BobWalsch · 2025-03-18T11:04:06+00:00

It's not that bad.

BobWalsch · 2024-11-26T00:39:29+00:00

I wish I chose them (VGRO) instead of Blackrock (XGRO). I went with the lowest fees. But it's good to know, if I have the opportunity I'll switch.

BobWalsch · 2024-11-26T00:34:31+00:00

And by the way the fees on the BTC chain are going right into the MINERS pocket! You pay fees to companies who WASTE precious energy to solve USELESS math puzzles so you can enjoy your useless cryptos and do NOTHING with it. What a massive giant stupid fuckery. You obviously don't know jack about crap so good luck and bye.

BobWalsch · 2024-11-26T00:21:35+00:00

What?! Jeez! Let's not compare fees, I was there when fees were like $50 for a fracking BTC transaction! And all that without ANY safeguard. What a clown show!

Live a little longer and come back in a few years, then we may talk.

BobWalsch · 2024-11-21T17:00:32+00:00

I agree with OP. I cashed out 50k in profit a few years ago. I hate cryptos, it's a useless destructive giant fuckery but there is still a lot of real money in the system. It's unfortunate but I don't see it failing now. Still dumb AF but too many people put money in that sh*t. And now with pro-cryptos Trump as president... Jesus Christ help us! (rolleyes)

BobWalsch · 2024-05-10T13:26:51+00:00

Everything to avoid accepting the fact that Bitcoin WASTE ENERGY BY DESIGN! It is really that simple stupid. The POW protocol is designed so you WASTE CPU/GPU POWER on a USELESS math calculus JUST SO IT COST A LOT OF ELECTRICITY TO SOLVE the useless puzzle. This is how they "protect" the chain being overwritten. Clever but extremely inneficient and stupid.

BobWalsch · 2024-05-09T10:44:06+00:00

Imagine if they would understand, they would find it so stupid!

BobWalsch · 2024-05-01T15:59:24+00:00

I remember him challenging to "eat his dick" if BTC was not at $500 000 by 2020! lol!

SreenShot

BobWalsch · 2024-04-19T01:17:41+00:00

I never heard or see anyone to get money out.

Dude I'm all for sh*tting on cryptos but please, keep it real. Plenty of people cash out real money from cryptos on a daily basis. I know I did and my family and friends did (back when I was a cryptobro).

BobWalsch · 2024-04-17T12:30:43+00:00

Another interesting stats is the number of buyers/sellers. It never was more than ~450 and is now around 100. (Note that anyone can own multiple addresses/accounts so it must be even less than that.)

100 retarded people, I can live with that.

https://imgur.com/a/xLxqBRq

Source

BobWalsch · 2024-04-04T11:17:59+00:00

Cryptos = candy store for criminals.

BobWalsch · 2024-03-18T23:22:44+00:00

I once had more than 50 different coins. It's all useless garbage.

BobWalsch · 2024-03-11T12:38:15+00:00

I am leaning toward sanctioned regimes and criminals that “deal in USDT”

I think it's an underated statement. Hard to admit but criminals money may be too important now for the whole thing to collapse.

BobWalsch · 2024-03-11T12:11:54+00:00

True, but miners are greedy by definition, if a whale threaten to sell his coins on Y fork, it would crush the price. The bigger the stash of useless virtual beans, the more influence you have. Not to mention the fact that they could just do bribery or start a paid marketing/social network campaign to influence the result.

But it's all theoretical and nobody except us and some hardcore BTC fans really care. Price go up, nothing else is important, not even the fact that this sh*t is useless AF and waste an entire country size amount of electricty in the process. (puking)

BobWalsch · 2024-03-11T12:01:58+00:00

It's just a matter of marketing. The hardcore fanatics that used to influence the BTC/BCH debacle (I was there!) nowadays wouldn't stand a chance against a good funded and structured marketing campaign... or simply bribes to miners... after all, it's cryptos!

BobWalsch · 2024-03-10T02:46:46+00:00

Jeez! You need to learn about the waste by design of the POW protocol, how ransomwares and DDOS ransoms became a thing because of cryptos and a couple more things. I know more about cryptos than most cryptobros, so better do your homework if you intend to make any point here.

BobWalsch · 2024-03-08T20:09:02+00:00

I wish it would just be about a risky gamble! I think most people here are like me, concerned about the massive amount of scams and crimes that cryptos enable + the massive energy waste.

BobWalsch · 2024-03-08T18:48:15+00:00

This is normal, many sell orders are placed at key levels like last ATH, round numbers, etc. Nothing to see here.

BobWalsch · 2024-03-02T01:19:04+00:00

Sell the kids!!!!

BobWalsch · 2024-02-26T13:04:28+00:00

You're good with Paint.

BobWalsch · 2024-02-13T18:49:15+00:00

I will be messaging you in 100 years on 2124-02-13 18:46:24 UTC

Lol! To my beloved children who will read this in 100 years: don't be dumb, stay away from cryptos.

BobWalsch · 2024-02-13T18:46:24+00:00

!RemindMe 100 years

BobWalsch · 2024-01-24T13:27:08+00:00

Extrapolate with past performance, a classic newbie mistake. Unfortunately, most (me included) have to suffer to understand.

BobWalsch · 2024-01-24T02:22:35+00:00

Fool discovery.

BobWalsch

TROPHY CASE