Helo

re: I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore

Posted by Helo on 1/15/26 at 4:49 pm to Hitman67

quote:
Lol, I am still trying to understand your point. Is your point the future is going to take energy?

I don't have a point other than discussing differences between Bitcoin and Gold as they relate to ongoing resource usage to exist. Both require resources to create but only one to maintain.

Not sure what you mean by "future".
Globally the demand for power is increasing and recently that has started to accelerate dramatically.
That is unlikely to change anytime soon.

quote:
You think sustaining bitcoin on the network is anymore energy intensive than anything else currently or in the future?

I haven't made any such statement.
But if you want to compare Bitcoin usage to other power usage, a few highlights, (again from Google) says that globally, the Bitcoin network uses 175-240 Terrawatt-hours of electrical which is roughly equal to the entire electrical consumption of Poland. It uses .6-2.3% of total US electrical demand.

175-240 tWH is roughly 30-50% more than the entire aluminum industry uses worldwide.

Is it the most? Certainly not but it does use a notable amount.
As the "future" progresses, it will be interesting to see if some industries deemed more less critical than others will end up being rationed if power production cannot keep up with demand.

quote:
If that is the case I don't know what to tell you. The future is coming and coming fast.

Non-sequitur

re: I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore

Posted by Helo on 1/15/26 at 2:55 pm to Hitman67

quote:
Do you know what percent of the all the bitcoin has already been mined?

Not sure the relevance of that as I am only talking about ongoing resources to keep each item material.

A quick google search says ~95% so I assume that is correct.
This actually makes my point that it is taking an ever larger amount of input to keep the 95% of bitcoins "alive" and mine new ones at the same time.
That cost is only going to continue to climb.

re: I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore

Posted by Helo on 1/15/26 at 12:49 pm to Hitman67

quote:
:rotflmao: :rotflmao: So, any new gold doesn't take any energy to extract? Did you even think about it before you posted that :rotflmao: :rotflmao: :rotflmao:?

Not sure where you saw anything about new gold or mining.
It wasn't from my post because I specifically said a gold bar (hence already mined, refined and poured).

But if you want to bring up mining, of course there is a huge amount of cost and energy required to extract gold to a final product, just like there is to create a bitcoin. However, once both are created, one has little to no input costs and one has an ever escalating cost to maintain it's existence.

You could argue that having physical gold has some ongoing costs because you might want to store it in a safety deposit box or insure it. Yes you could do that but if you choose not to, the gold doesn't disappear.

re: I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore

Posted by Helo on 1/15/26 at 11:13 am to oneg8rh8r

quote:
two are two totally different things.

Gold has a practical application in its usage these days as well as a store of value....ish. But, we keep finding more, it's mined constantly and that won't stop. It's not scarce, it simply has more demand outpacing the supply.

BTC on the other hand; now that the world has buy in, will be the true denomination in which things are measured, valued, etc. It is finite, getting scarcer everyday (think of people that constantly lose the ability to access it), stockpiled by those who possess the foresight and soon will be able to be transacted even more easily

With gold you can take a bar, bury it for 1000 years and dig it up and it remains the same with whatever new intrinsic value people place on it. There are no input costs during that time. With Bitcoin, the constant input costs are astronomical and rising fast. I understand that is a catalyst to increase the price of Bitcoin to continue to reward miners but there seems to be a definite point of diminishing returns. At some point it seems that people would not be able to continue allocating resources to mining and would just stop especially now that AI is soaking up more power and computing resources. These infrastructure resources are also limited.

re: Mike Tomlin was overrated and mediocre

Posted by Helo on 1/14/26 at 2:03 pm to The Detroit Lions

quote:
Mike Tomlin was overrated and mediocre

Where was he rated so we can assess if he is overrated or not?

re: Fell in love with my pain mgmt Dr today, What's my next move?

Posted by Helo on 1/7/26 at 7:47 pm to Trevaylin

Tell her 2 coke cans, maybe 3.

121

re: Louisiana leads the nation in population loss for second year in a row

Posted by Helo on 1/5/26 at 1:38 pm to Paul Allen

I wish some of those boudin baws would migrate to central FL and setup shop here so I wouldn't have to pay $100 in shipping everytime need to get my fix.

re: Question about the quality of Venezuelan crude oil...

Posted by Helo on 1/5/26 at 11:03 am to HenryParsons

Considering that Citgo was owned by PDVSA since the 80s, it's refineries where specifically modified over the years to handle the heavy crude from Venezuela.

re: MTV's music only channel going off the air like it started

Posted by Helo on 1/1/26 at 8:55 am to ZIGG

Weird.

Why didn't they just reuse the channels to play more reruns of Ridiculousness.
You can never get enough of Ridiculousness.

re: Cotton Bowl: Miami vs. Ohio St Game Thread

Posted by Helo on 12/31/25 at 7:36 pm to cpp2208

This ESPN coverage sucks.
It feels so sterile.
The crowd is barely noticable.

re: 104 yo WW2 veteran played the national anthem on a sax before Islanders v Rangers

Posted by Helo on 12/28/25 at 9:42 am to hawgfaninc

I hate the Islanders but that is awesome and super moving.

re: Anybody buy that Bearskin hoodie they advertise so much?

Posted by Helo on 12/16/25 at 2:18 pm to tadman

I looked at them but I just can't stand fleece outerwear.
It's warm and if I lived up north I would probably wear one but I don't like the way it looks nor feels and it is hot.

I did buy a wool hoodie though recently that is the bomb.

re: Apollo astronaut Charles Duke vs Moon Landing Hoax perpetrator Bart Sibrel

Posted by Helo on 12/6/25 at 1:38 pm to Bass Tiger

quote:
I personally believe the US likely went to the moon

:smh:

Political Talk

-2

re: The Lost Mine of Ophir and King Solomon’s Gold -- Where did It come From? Where did it go?

Posted by Helo on 11/17/25 at 1:39 pm to EphesianArmor

quote:
By today’s standards, Solomon was reputed to have a personal fortune in excess of $60 trillion. Much of this came in the form of pure gold. By the end of his sovereignty, estimations indicated that he owned 500 tons of gold.

500 tons of gold is worth @ $4040/troy oz = $59 billion.
Where is the remaining 90% coming from?

That article was from 2016 when gold was trading around $1250/oz so his historic worth has increased with the recent run up in gold but it seems they are exaggerating his worth significantly.

re: Michigan State football vacates all wins from 2022-2024

Posted by Helo on 11/13/25 at 8:56 am to HailHailtoMichigan!

Vacating wins is so dumb.

re: Nuss is the Most Vilified Player in LSU History

Posted by Helo on 11/10/25 at 9:46 am to AlwysATgr

Tiger Rant

re: 9y/o walks into a Target store, tells his Dad "They'll never do that for us."

Posted by Helo on 11/6/25 at 3:53 pm to NC_Tigah

quote:
Here is a story related by Clay Travis:

As they walked into a Target store past some displays up front, his 9y/o said "They'll never do that for us." They stopped. Travis said "They'll never do what?"

His son pointed at the "Girl Power" display rack they'd just walked past. "They'll never do that for us with 'Boy Power' stuff."

Kids say the darndest things ...

Even though this stuff has gone way overboard, this seems like a strange thing for people to be upset by.

In ancient times when I would go into a store, they had girl power stuff even then and no boy power. I would NEVER have bought a boy power shirt when I was young and sure wouldn't get one for my young boys now.

Now a shirt with "Wolverines!", i'm in!

Political Talk