Knew a music label executive's son in college. He was dumb as rocks and paid me to do a lot of his math work. I did it because I was poor and when he inevitably got drunk and passed out by around 5PM on a Tuesday I would steal his beer, weed, and/or coke. One of the dumbest motherfuckers I have ever met and he's on the Nashville city council now.
But yeah, "ChInEsE aRe ChEaTeRs. I hAvE mErIt ThOuGh!"
"Citizens of Earth, I have hijacked your communication signals around the world to insure this message's content is fully known. I, Emperor Musk, have laid claim to the Martian sphere of influence. Phobos watches over his red host as do I within his celestial womb. Let it be known, Earthlings, Mars is free and independent under MY RULE! Obviously, we will still heavily rely on supplies from Earth and larger government subsidies, but make no mistake, we are independent now! Also, don't, like, send a nuke or something because that would be, like, really not cool. Ok...bye then. Remember no nukes! Real byes now...."
Media: It was those people that never had power at all!
Americans: Gah! Again?! You'd think we learned from all the times before, but NOoooo. Lock them up! Now, tell me more about the Epstien/Kennedy Hybrid Sample."
President Biden 2021: I've struck a deal with Senate Republicans that will cut the number of Social Security recipients in half by the end of the year in exchange for a 50/50 federal/state Cobra expansion payout. Obviously, we hope all states will work with us on this. Now if you excuse me, we got some bad guy terrorists to track down and I need to check my daily CIA report of Putin. Puts on shades and finger bangs off the stage.
No problem. First and foremost its tech is bad. The concept is sound and blockchain tech is viable*, but BitCoin has a median single transaction time of 3.3-7 seconds. Compare that to Visa and Mastercard at 5,000/sec and it's clear it could never replace those existing systems out right.
As for the scourge on society part, it takes an exponential amount of computing power to produce a single BitCoin. That needs a lot of energy, and that gives it a carbon footprint of 22 Megatons/Year. Once capitalists thought they could get rich off it, they drove up prices on existing computer parts, causing massive inflation and limiting supply for years while it was first exploding into the mainstream. Because of the high price/return ratio on it, became only profitable for only either companies or already wealthy individuals.
At the end of the day, it's the 21st century's Tulip Mania equivalent. Hope that helps you out somewhat.
Please do not on so many levels (hopefully you jokin lol). If you are not let me know and I'll give you the 411 on why it's a scourge to society and technologically flawed beyond repair.
Remember investment funds are holding most properties at the moment and media is there to trick the masses for capitalists. There has been warnings that it was coming, but the data is so new that most media corps haven't been paid to write about it yet. My guess is those investors are cornering their next move before they let the cat out of the bag.
The last few months its been investment groups shifting funds out of the market into "stable" housing. Wall Street inflated home prices again, but this time it went off the rails way faster than 2007. Hope all the chapos here can grab themselves a cheap home. If you can't afford it then go take it. Tell them Yaweh said it was cool.
And miss an opportunity to present Horse Shoe Theory to the public? They will link the left to reactionary protests and say, "See President Biden? All non-moderates bad!"
Knew a music label executive's son in college. He was dumb as rocks and paid me to do a lot of his math work. I did it because I was poor and when he inevitably got drunk and passed out by around 5PM on a Tuesday I would steal his beer, weed, and/or coke. One of the dumbest motherfuckers I have ever met and he's on the Nashville city council now.
But yeah, "ChInEsE aRe ChEaTeRs. I hAvE mErIt ThOuGh!"