W∴ Balboos, GHB wrote:
Thread expanding too much
And I'm at my limit anyway; this state is half awake and half dreaming, and gets me in trouble. I *need* to complete the post though.
W∴ Balboos, GHB wrote:
Bringing that into the conversation implied it was a relevant component of fuel the bitmining. it's not. Some cases, here, and there, but mostly set up where power is cheapest.
Fuel cost is relevant, as you admitted. Mining costs resources.
W∴ Balboos, GHB wrote:
My first market trading was commodity options, not stocks and bonds. Mostly silver and gold. A bit of oil. I first heard the term silverbug in that context. But the majority of your implications are a mess: silver isn't just a token - it's a useful commodity.
Yes! It is a thing like wood would be, and *that* is what makes it money! It is just lighter and easier to divide than wood would be. Gold, moreso than silver. That is what makes it money; utilization. And the more uses we have for it, the higher the demand.
W∴ Balboos, GHB wrote:
Perhaps you do, but you surely don't sound like it. Silver has real value because it is used for things.
Just some 50 years of experience, stats, and even before it had that "real use"; if translated, "silver" and "money" in some languages the same. You're comparing wood with the tally stick :)
W∴ Balboos, GHB wrote:
When your data's held hostages, what do the sleaze want to be paid with?
Because most crime is data held hostage ofc. No, most crime is paid for in US$. Because most of the world accepts those without question.
W∴ Balboos, GHB wrote:
It's a way to figure out who's involved with illegal traffic - how does an unemployed surfer afford a Maserati ?
He's a mechanic, bought a wreck and restored it. Who are you as a government to question and track that? THAT is why I pay in silver. No records, no questions. And with my government giving the example, I shall follow their lead.
W∴ Balboos, GHB wrote:
where did that money come from
Yes; the bank asked me that question when I wanted to withdraw part of my savings. The answer was whoring and drugs. And living in a country where that's al
