The US dollar is collapsing and even third world hookers are getting into Bitcoin. This makes Bill Gates and the rest of the current rulers angry, because they want everyone to depend on currencies that they have control over.
In the latest attack on Bitcoin, Bill Gates and some “experts” are leveraging the climate change hoax in an attempt to get people away from the cryptocurrency, claiming that using Bitcoin is worse for the environment than all internet tech giants combined.
Powerful computers ‘mining’ for the cryptocurrency Bitcoin are driving global warming as data shows they use vastly more electricity than all the internet tech giants combined.
Bitcoin passed the $60,000 mark for the first time on Saturday, but its rocketing value again raises questions over the vast energy resources required to run machines that mine for the cryptocurrency, that some – including billionaire Warren Buffet – even consider to be worthless.
On March 2, Bitcoin’s estimated energy consumption reached its highest ever rate, hitting a staggering 130.90 terawatt hours (TWh) annualised. The following week on March 9, billionaire Microsoft co-founder Bill Gates highlighted the negative impact mining Bitcoin has on the environment.
‘Bitcoin uses more electricity per transaction than any other method known to mankind,’ Gates said, speaking to the The New York Times. ‘It’s not a great climate thing’, he added.
The cryptocurrency is ‘mined’ by high-powered computers that continuously solve computational maths puzzles, the complexity of which means the processors require huge amounts of energy. While the machines use electricity, fossil fuel is a major category in electricity generation.
In a post on Medium, computational artist Memo Atken explained that ‘endless arrays of computers are sitting around in giant data-centre like mining farms around the world, doing nothing but generating random numbers all day every day, in the hopes of rewarding their owners.’
Despite the amount of time, effort and energy resources that goes into mining Bitcoin, some remain sceptical of its value, with Warren Buffet in 2020 blasting the currency, calling it ‘rat poison squared’.
‘Cryptocurrencies basically have no value and they don’t produce anything. They don’t reproduce, they can’t mail you a check, they can’t do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person’s got the problem. In terms of value: zero,’ he said in February last year, according to CNBC.
Note: the same can be said about paper money and made-up “digital” bank money.
Bill Gates is not the only high profile figure to criticise the cryptocurrencies massive carbon footprint.
U.S. Treasury Secretary Janet Yellen, President Joe Biden’s top economic adviser, descried Bitcoin as ‘an extremely inefficient way to conduct transactions. The amount of energy consumed in processing those transactions is staggering.’
The power consumption argument is beyond retarded. We’re told we need to move away from so-called fossil fuels and drive Tesla cars to save the planet, so we’re going to be needing and using more electricity anyway.
We can reframe Bitcoin’s power consumption as the most powerful incentive to build more nuclear power plants and promote clean electric energy.
Of course, the power consumption and the climate, environment, or whatever is not what concerns the overlords. The elite are worried about controlling people’s money and how they use it.