Lamborghini is going electric with the LB744, so it’s safe to say, the world will go #Bitcoin

Satoshi introducing #Bitcoin in 2008

“…a new electronic cash system that's fully peer-to-peer, with no trusted third party.”

Source: https://satoshi.nakamotoinstitute.org/emails/

Tempting 🤣

China uncovers a $3Trillion gold deposit❗️

Banks collapsing ❗️

Money printing ❗️

Material science & nanotech advances towards producing synthetic gold on the horizon❗️

🌍 The world has moved on. #Bitcoin's long-term value is reinforced.

Goldbugs liquidating real gold… not the SVB paper type of gold.

Not my people 🤦‍♂️

That’s the truth.

“SVB's UK arm issues 15M pounds in bonuses after symbolic bailout”. Golden parachutes for senior management, or as I like to call it, congratulations for a job well fucked up…. And that is why we #Bitcoin

Saudis won’t touch Credit Suisse over 10%. Another bank run? Not looking good.

The Dude’s ‘4 check’ Banking reliability test:

1. Regulation and oversight:

❌FAIL on stability

2. Deposit insurance:

❌ FAIL FDIC insurance limits

3. Diversification:

❌ FAIL Bonds & Fiat (Fiat is worthless - fractional reserve lending, FED money printing “out of thin air”)

4. Monitoring:

❌ FAIL regulations, and economic indicators for better decision-making.

Interesting look into why Bitcoin energy consumption is so specific, whilst the traditional banking sector energy usage data is so vague.

The difference in the specificity of energy consumption data between Bitcoin and the banking sector can be attributed to the following factors amongst other things. I’ll call these “variables and internal factors”:

1. Transparency and measurability:

Bitcoin's energy consumption primarily comes from mining, which is based on a transparent, computationally intensive process called proof-of-work. This allows for relatively straightforward estimations of energy usage based on factors like hash rate, mining hardware efficiency, and mining difficulty. The Cambridge Bitcoin Electricity Consumption Index (CBECI) is an example of a tool that estimates Bitcoin's energy consumption in real-time.

2. Complexity and diversity of the banking sector:

In contrast, the traditional banking sector consists of numerous interconnected components, including data centers, branches, ATM networks, and the production of physical currency. Each component has its specific energy consumption profile, and the energy usage can vary significantly across different banks, countries, and technologies. This complexity makes it challenging to arrive at a single, accurate estimate for the entire sector.

3. Lack of standardized reporting:

While some banks and financial institutions report their energy consumption as part of corporate social responsibility and sustainability initiatives, there is no standardized or comprehensive reporting framework for the entire banking sector. This lack of consistent data further complicates the estimation of the sector's energy consumption.

Due to these factors, Bitcoin's energy consumption is often easier to estimate and quantify than that of the traditional banking sector. The transparency of Bitcoin's mining process and the complexity and diversity of the banking sector contribute to the difference in the specificity of energy consumption data.

‪⚡️ Energy-wise, traditional banking and Bitcoin are comparable, but Bitcoin's decentralization & financial inclusion make a difference. A shift towards renewable energy in mining bolsters Bitcoin as a greener, more sustainable and superior financial option #Bitcoin Sustainability‬

Banks have become powerful brands embedded in the hearts and minds of everyday people.

A brand is a promise.

It’s evident they are falling way short on their promise both now and historically relying on government bailouts, at the expense of the people.

#Bitcoin is steadfast.

Today, the #Bitcoin genesis block has more meaning than ever.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

Good Morning good morning good mornnnnnnnig 🎵What a wonderful way to start… oh fuck, I’m exhausted already ☕️

Thanks Cloudcat 🤙

Thanks, I couldn’t recall the correct spelling for “farce”. Banking fixed this.

GM

The bank offers to Pay me a percentage of MY Money “as a dividend”… just give me my fucking money dude!

“If more banks fail”. #Bitcoin  is clearly better.