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nulluser , to news in Bitcoin briefly rises to record high over $70,000

Per what capita? There’s only one global banking system on Earth. That’s what makes it global. There’s only one Bitcoin blockchain, and it’s globally accessible. Trying to subdivide either into arbitrary regions based on geographic or geopolitical borders is meaningless.

nulluser , to news in Bitcoin briefly rises to record high over $70,000

I don’t disagree with anything you said. Yes, it’s confusing and there’s no shortage of scammers trying to make it more confusing in order to bamboozle people.

My humble advice is to ignore “crypto”. Adopt, at least for now, the philosophy that, “it’s either Bitcoin, or shit coin.” That’ll simplify things immensely for those just getting started, and is true for at least 99.9% of other coins out there (100% if you want my honest opinion).

Maybe, in the distant future, when/if you decide to dive down the rabbit hole and really get comfortable how Bitcoin functions and what gives it value, then you’ll be in a better position to judge other coins. More likely, you won’t bother because you won’t need to.

But, mark my words, nothing is going to replace Bitcoin. Some other coins might manage to fulfill some esoteric fringe use cases that Bitcoin doesn’t, and maybe one those use cases will be beneficial to you. If so, awesome. But they’re not going to be able to replace Bitcoin.

Layer 2 protocols are tools that operate on top of the (admittedly slow and variable) Bitcoin blockchain. Lightning Network (LN) is currently the most prominent and allows secure transactions that complete in a few seconds with extremely small fees. LN addresses the “it’s too slow/unpredictable” argument against Bitcoin.

There are many other Layer 2 protocols running on top of Bitcoin in various stages of development and production addressing different issues and use cases. But, you don’t need to know about any of them, honestly. You don’t need to pick the winner (there will be many winners doing different things). When any of them catch on and go mainstream, then that will drive more demand for Bitcoin to help power that protocol.

nulluser , to news in Bitcoin briefly rises to record high over $70,000

That’s layer 1. Read up on layer 2 options. Lightning Network is the best current example, but there are others and will be more. That’s where most of the innovation is happening now. The media never talks about it because it’s necessarily more technical and they think their readers/viewers are all idiots, so why bother.

nulluser , (edited ) to news in Bitcoin briefly rises to record high over $70,000

But this parallel financial system can also serve a tangible social good, offering an onramp to the financial system for people who would otherwise be left out. …

Bitcoin could eliminate all these intermediaries, allowing citizens to send digital payments directly to one another, without relying on credit and without incurring multiple settlement fees along the way.

cnbc.com/…/bitcoin-is-poised-to-blow-up-africas-8…

Bitcoin is for everybody.

nulluser , to news in Bitcoin briefly rises to record high over $70,000

Apples to apples. One global banking system to one global Bitcoin network.

nulluser , to news in Bitcoin briefly rises to record high over $70,000

docsend.com/view/adwmdeeyfvqwecj2#

The direct answer to your question starts on page 6, but I recommend starting at the beginning to get the full context.

nulluser , to news in Bitcoin briefly rises to record high over $70,000

How much electricity does the world banking system use? (Answer: a whole lot more)

How much of that electricity could be used to simultaneously run the banking system AND turn incredibly ambitious renewable energy project ideas from absurd pipe dreams into economic no brainers? (Answer: none)

nulluser , to news in Desperate TikTok lobbying effort backfires on Capitol Hill

No, no, no! Ted Stephens got them all up to speed with his famous “Dump Trucks and Tubes” educational lecture. Now they’re all experts.

nulluser , to news in US could take 2 months and 1,000 troops to construct floating pier to deliver aid to Gaza, officials say | CNN Politics

But these people are not obese. They’re already starving to death.

Nutrition screenings conducted at shelters and health centres in the north found that 15.6 per cent – or 1 in 6 children under 2 years of age – are acutely malnourished. Of these, almost 3 per cent suffer from severe wasting, the most life-threatening form of malnutrition, which puts young children at highest risk of medical complications and death unless they receive urgent treatment.

who.int/…/19-02-2024-children-s-lives-threatened-…

And that’s from nearly three weeks ago.

nulluser , to programmer_humor in I can't believe people are still using GUMBIES when there are so many better alternatives.

Now I understand where ChatGPT hallucinations come from.

nulluser , to world in 7 more Indians release video, say forced to fight Ukraine war by Russian army

Got any links to news stories about tourists in Ukraine getting forced into fighting for them.

Take your time. I’ll wait.

Or how about Ukraine intentionally targeting missiles at apartment buildings and purely civilian infrastructure with no military value just to murder and terrorize people just trying to live their lives.

If there’s anyone here that’s a victim of propaganda and indoctrination, you’ll find them in the mirror.

nulluser , to news in Colorado grandmother awarded $3.76M after bungled SWAT raid based on Find My iPhone ping

These awards and settlements really need to start coming out of the police unions. That’s the only way to start getting cops to hold each other accountable.

nulluser , to world in 7 more Indians release video, say forced to fight Ukraine war by Russian army

That’s utterly vile, especially considering that India fought against the Nazis during WWII. I can’t imagine being one of the soldiers that came back alive and seeing that shit in my own country.

nulluser , to world in 7 more Indians release video, say forced to fight Ukraine war by Russian army

Thank you. I knew it looked/sounded wrong.

nulluser , (edited ) to world in 7 more Indians release video, say forced to fight Ukraine war by Russian army

We came to visit Russia as tourists

Boy, my sympathy went to 0 pretty damn fast. Might as well have said they went to Nazi Germany as tourists.

edit: grammar

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