Friday Market Musings | Week 48 | 2023

Week 48.png



Good evening fantastic crypto aficionados! Here I am, with a Friday evening full of market vicissitudes - later than ever, because my life is anything but normal at the moment. Myla is slowly recovering but still requires more attention than a blockchain in the bull market. So my online focus is more limited than a meme about Dogecoin on a bad day. And honestly, at night I'm so exhausted that my energy reserves are less than the price of Bitcoin in 2011.

Stumbling across Bitcoin News

Nevertheless, I wanted to make a crypto nod to the news that flew into my crypto radar this morning. While quietly scrolling through a Dutch news website, I stumbled across an article about Bitcoin. Yes, attention is slowly coming back as Bitcoin finds its way back to the $40,000 mark. But hey, you guys probably kept better track than me – I'll be happy if I don't lose my private keys.

Mediocre Journalism

Nowadays, an increase to $40,000 doesn't bother me much more than a Shiba Inu dog barking at the moon. Hmmm, almost sounds like I consider myself a crypto king. Not my intention. But come on, the articles on this news website are so mediocre that even Satoshi Nakamoto himself would probably shake his head. They call themselves journalists, but I have seen better-written things on an elementary school bulletin board. What struck me were the reactions. Sometimes it's just fun to visit these places. You know, it's like a digital safari, where you can spot wild opinions in their natural habitat.

I love the comments!

And then those comments under the Bitcoin article. They are really a treat for every crypto lover! People still shout that Bitcoin is just "hot air", a zero-sum game, without knowing how to find their own Bitcoin address. But wait, there were also environmentalists who shared a link to an article about Bitcoin mines and their water consumption.

Wow, what ... wait a moment!

So, curious as I am, I have read thoroughly through that article...

And guess what? Even though Bitcoin Mining often feeds on green energy, it still guzzles more water than a camel after a week in the desert. Ouch! Can you feel the drops falling yet? While the world is already groaning under an alleged water problem, Bitcoin Mining appears to empty almost a swimming pool for every transaction. That's quite a claim! And this could be the next big crypto riot. What do you think? Does Bitcoin have a serious moisture problem here, and should it move to the Proof of Stake concept, just like Ethereum has?

Let's start a discussion!

So, dear friends of the digital Wild West, let's get this discussion started. Should we give Bitcoin a bucket to catch its tears, or should we just let it blockchain in peace with its current water consumption? The crypto bubble may be watertight, but this water problem could be a leak that even the best hodlers can't find a lifeline for.



0
0
0.000
2 comments
avatar

Congratulations @brofund! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 110000 upvotes.
Your next target is to reach 120000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Hive Power Up Month Challenge - November 2023 Winners List
Be ready for the December edition of the Hive Power Up Month!
Hive Power Up Day - December 1st 2023
0
0
0.000
avatar

40k BTC would mean alot to me, because of the memes on twitter [X nowadays]

0
0
0.000