MOVIE 2024 :Bitconned

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Bitconned (2024)

True fact.

Bitconned.

Step one... get to dad's

And here I am! Finished work, gave the dogs lots of hugs, got some kisses, put them in the crate, turned on the radio, loaded the car, called PSM to tell him I was off, and Annie and I were on the road! The ride to dad’s was uneventful, I stopped for some Muscinex DM and cough drops, did some planning with SDL, put on a podcast and all was right with the world. I didn’t hit traffic until I was…

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Bitconned/Criptofraude

Bitconned

"Dans ce documentaire inspiré de crimes réels, trois hommes exploitent le marché débridé de la cryptomonnaie pour escroquer des investisseurs et se payer une vie de luxe."

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Bitconned (2024) ★★★★★★☆☆☆☆

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US Bitcoin Miners Use as Much Electricity as Everyone in Utah

Bitcoin miners in the US are consuming the same amount of electricity as the entire state of Utah, among others, according to a new analysis by the US Energy Information Administration. And that’s considered the low end of the range of use.

Electricity usage from mining operations represents 0.6% to 2.3% of all the country’s demand in 2023, according to the report released Thursday. It is the first time EIA has shared an estimate. The mining activity has generated mounting concerns from policymakers and electric grid planners about straining the grid during periods of peak demand, energy costs and energy-related carbon dioxide emissions.

“This estimate of U.S. electricity demand supporting cryptocurrency mining would equal annual demand ranging from more than three million to more than six million homes,” the report said.

While mining began in the US a decade ago, an influx of crypto mining companies have relocated from China after that country banned the industry in May 2021. Over the last three years, a flurry of large-scale miners have gone public in the US, setting up operations in some of the most energy-rich states such as Texas and New York.

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Elon: running around naked sucking white pride dick

Elon simps: I’m going naked too. He built an EV and landed rockets back. Naked is clearly it. Woke mind virus clothing is for leftist cucks

Andreessen: time to build naked

Crypto bros: naked to the moon

AGM: entrepreneurial capital nakedness is the only true form of nakedness. It’s defenestrating professional managerial nakedness.

Sacks: I’ve been butt naked forever. And AGM wrote the best take of it all

All In: let’s steelman the naked argument.

Kevin Roose: a latecomer’s guide to being naked

UK 1991

Did you know that a smart contract is similar to a self-moving toy that follows pre-set rules agreed upon by you and others? Take, for instance, if you and your friends want to place a bet on the next elected president, a smart contract can act as your witness. You only need to specify the betting amount, the criteria to determine the winner, the source of election results, and place the money in the smart contract. Once the election outcome is declared, the smart contract will automatically calculate the winner and send them the money, eliminating the need for a referee or any worries of fraud.

This sounds incredibly convenient, doesn't it? However, it's important to note that smart contracts are not a one-size-fits-all solution. While they offer several benefits, such as faster and more secure transactions without intermediaries, they also come with potential risks, such as coding errors, hacking, and no legal protection in case of disputes. Therefore, it's essential to understand all the risks and responsibilities associated with using smart contracts before engaging in any transactions.

知っていましたか？スマートコントラクトはあなたや他の人々が前もって決めたルールに従って自己移動するおもちゃのようなものです。たとえば、あなたと友人たちが次期大統領に賭けをしたい場合、スマートコントラクトは証人として機能することができます。賭ける金額、勝者を決定する基準、選挙結果のソースを指定し、スマートコントラクトにお金を入れるだけで済みます。選挙の結果が発表されたら、スマートコントラクトが勝者を自動的に計算し、その人にお金を送ります。レフェリーや不正の心配は必要ありません。

これは非常に便利なようですが、スマートコントラクトは万能解というわけではありません。中間業者なしでより速く、より安全なトランザクションを提供するといった多くのメリットがある一方で、コードエラーやハッキングなどの潜在的なリスクがあり、紛争の場合に法的保護がない可能性もあります。したがって、トランザクションを行う前に、スマートコントラクトの使用に関連するすべてのリスクと責任を理解することが重要です。

Bitconned

Crypto are for criminal, those who likes money and laundering.

I didn't like Ray the moment I saw him. He is as guilty as the other.

Didn't like this pretentious jerk from the beginning, who has no guilty conscience whatsoever, goes to rat out even his friends.

What happened to the Korean?

For your information: As estimated $ 4.9 billion was invested into crypto startups in 2017. Studies now show that up to 78% of these were scams.

One quote:

"- We lied, we cheated, and made millions of dollars." (Ray)

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