21 sats \ 1 reply \ @Jhfryhvffthg 4 Aug 2022 \ parent \ on: SATSCHIP – A tiny wireless NFC chip holding Bitcoin private key bitcoin
new here - I don’t see a downvote button. Can I just charge you 10 sats for your rude comment? That would really make this place interesting if your helpful comments earned you money, but your hurtful ones cost you.
I went to the site and read about it before commenting. I see it’s something about adding value to art? You guys are right, I don’t really get it and I’m certainly misunderstanding the use case.
That being said, why have a single point of failure to lose any value sent to the chip?
I joined the bitcoin party after watching the movie Dope in 2017. I didn’t understand the ending because I didn’t understand bitcoin at the time. I was intrigued so I went to study. I watched the price cross over 2k in May 2017 and dove in. I bought my first sats on eBay using PayPal. The people would make you wait forever for your coin because they were getting scammed by buyers reversing the PayPal charge after receiving the bitcoin. I rooted for the small-blockers and have kept stacking the whole time.
Someone should make a chart showing how many terrawatt hours each sector, industry or even company uses. It would put the bitcoin usage into perspective so everyone could more easily compare usage to utility.
The ‘bitcoin uses too much energy’ crowd reminds me of here in the US when people disagree with some minor facet of government spending and go on and on about it being a huge burden to taxpayers. They’ll act like it’s a large chunk of annual federal spending such as defense (10-15% annual federal budget), but in reality it’s only 0.00732% of the federal budget.
Let’s see the numbers in TWh across all offenders so we can think right about this. How many TWh does the NFL use in a year? How many TWh does it take per year to produce the Kardashian show? So many worse wasters of energy out there.
GENESIS