Lloyds Banking Share Discussion Threads

[minerve 2] 09/2/2021 13:31

Trades not going right so far?

LOL

Nurse! (Bring the straitjacket)

:)

[minerve 2] 09/2/2021 13:25

Yabber Yabber.

[minerve 2] 09/2/2021 13:21

Bitcoin has little intrinsic value. The only intrinsic value it has is to dubious characters who want to trade dubious gains - made from dubious activities - away from eyes of the regulators and authorities. Other than that it has ZERO intrinsic value. The name 'Bitcoin' is a misnomer too because it is neither truly a currency or coin. One requirement of a useful currency would be stability and liquidity - it has neither. Also, real currencies have central banks underwriting them that promise to deliver the intrinsic value of the note/coin/digital number in a bank to the bearer of the note/coin/digital number in the bank upon presentation. Bitcoin doesn't have this underwritten promise other than the greater fool on the opposite side of the trade - who could disappear at anytime (watch Elon, he might not be around for long). Equally it is NOT an inflation hedge like gold because Bitcoin - although limited by its own crypto-generating algorithm - is not the only crypto-currency. Its value as an inflation hedge is protected only by the fickle point of view held by its users that it is the ONLY cryto-currency that is important enough to be used as an inflation hedge which such a view could easily unfold. It also hasn't been tested over an interest rate/credit cycle. Gold, on the other hand, has been tested as an inflation hedge over millennia and is limited by its creation during supernova nucleosynthesis. To make matters worse, we have warehouses full of computers using leading edge graphics cards attempting to compute the next golden 'arbitrary' Bitcoin number within this game for morons which are well on the way to sucking up more energy than consumed by Switzerland. Meanwhile, whilst allowing this stupidity to happen, the buffoons that 'lead us' think of tax schemes and fees to charge us for energy we use to live just a regular life. You couldn't make it up! And they say humans are intelligent. Give me a break!

IMO & DYOR

[xxxxxy] 09/2/2021 13:15

And perhaps not environmentally friendly. Could make enemies....Energy consumptionSee also: Consensus (computer science) § Some consensus protocolsBitcoin has been criticized for the amount of electricity consumed by mining. As of 2015, The Economist estimated that even if all miners used modern facilities, the combined electricity consumption would be 166.7 megawatts (1.46 terawatt-hours per year).[162] At the end of 2017, the global bitcoin mining activity was estimated to consume between one and four gigawatts of electricity.[232] By 2018, bitcoin was estimated by Joule[233] to use 2.55 GW, while Environmental Science & Technology[234] estimated bitcoin to consume 3.572 GW (31.29 TWh for the year). In July 2019 BBC reported bitcoin consumes about 7 gigawatts, 0.2% of the global total, or equivalent to that of Switzerland.[235]According to Politico, even the high-end estimates of bitcoin's total consumption levels amount to only about 6% of the total power consumed by the global banking sector, and even if bitcoin's consumption levels increased 100 fold from today's levels, bitcoin's consumption would still only amount to about 2% of global power consumption.[2... Wikipedia

[xxxxxy] 09/2/2021 13:11

Bitcoin mining...htTps://www.investopedia.com/tech/how-does-bitcoin-mining-work/

[xxxxxy] 09/2/2021 13:09

Not for me.Old fashioned maybe. Or just caution. No stomach for that gamble.Think. Be afraid, very afraid. Maybe just me.

[xxxxxy] 09/2/2021 13:07

BitcoinhtTps://en.m.wikipedia.org/wiki/Bitcoin

[xxxxxy] 09/2/2021 13:04

In truth, most historians of post-war Britain would judge the Labour government of 1974, at least until the intervention of the IMF, as the most hostile to free enterprise in British history. And yet the dismal truth is that the Johnson administration is starting to rival and possibly overtake it. This is fast turning into the most anti-business government of the last 50 years........ Matthew Lynn... Daily Telegraph

[lefrene] 09/2/2021 12:57

H'mm cantilevers are my favourites, can I swap my battle ship for it? :¬)

[maxk] 09/2/2021 12:52

Lefrene.

I havent got a clue how it all works. Mugs chasing insiders most likely.


btw, I have a nice bridge I can let you have .. cheap.

[lefrene] 09/2/2021 12:49

maxk, I wish someone could explain to me in a way that I would understand, as to why bitcoin actually has any value at all. It appears to be backed only by the fact that there will be a maximum of 21 million created, but that has to be taken on trust from the invisible creator of this game, which is predicated on making it harder and harder to win the game, which rewards the gamer with a 'coin'. Is this the biggest con in history, which consumes vast amounts of electricity to produce nothing at all, other than a blip in a memory bank? What if the creator of this game decided to turn it off? Who would you sue?

[maxk] 09/2/2021 12:38

It's not a bubble .. really!

[k38] 09/2/2021 12:26

https://odysee.com/@TomHeavey:5/cathie-wood-tesla-will-send-bitcoin-to:6

[minerve 2] 09/2/2021 12:25

Pierre

Just shut up Pierre. You went to university, start acting like you learned something. If I think the BS coming from government is just that - BS - I have every right to make my opinion known. Or are you going to behave like that parish council on the news the other day and try and bully me off the BB because I don't share your pathetic views on life?

You are the pathetic, head-in-the-sand clique.

Pro-EU are not going to disappear anytime soon. If Cash and Farage were allowed four decades to push hate we can do the same!

Get used to it you Welsh fool.

[minerve 2] 09/2/2021 12:21

Anyone checked on Bitcoin liquidity?

ROFLMAO!

[pierre oreilly] 09/2/2021 12:20

I really hope you have just taken some crack Minny. It's awfully sad to see you disintegrating if it is natural mental degredation and not due to strong coke.

[minerve 2] 09/2/2021 11:50

I'm not bragging. Just stating a fact you loser. :)

[minerve 2] 09/2/2021 11:49

Bla bla bla.

Whatever you numpty. :)

[jkitwm] 09/2/2021 11:49

AS ALWAYS , those who brag about wealth are ALWAYS the ones to ignore and pity