Do you consider Bitcoin's slow transaction speeds as a Major issue?

In terms of carbon offsetting, Anderson Cooper’s recent interview of Bill Gates on 60mins is super informative. Bill is quite the stellar individual while voluntarily spending 7m/yr to offset his personal carbon footprint.

Bill sure sets a good example for others to follow,:)
https://www.independent.co.uk/climate-change/news/bill-gates-climate-book-paris-jet-b1802584.html
Bill Gates admits flying private jet to Paris Accords in new book on how to tackle climate crisis

Billionaire admits his lifestyle makes him ‘imperfect messenger’ on climate crisis

Graeme Massie
Los Angeles
@graemekmassie
2 days ago
1 comments

Bill Gates has admitted flying on a privet jet to the Paris Accords in his new book on how to tackle the climate crisis.

The billionaire Microsoft founder admits in How to Avoid a Climate Disaster that his lifestyle makes him “an imperfect messenger on climate change.”



The philanthropist, who is worth more than $100bn, lives in a 66,000 square-foot mansion in Medina, Washington, that has seven bedrooms and 24 bathrooms, a 2,5000 square-foot gym and even a trampoline room.

And he also openly admits to using his fleet of private jets as he travels around the world on behalf of the Bill and Melinda Gates Foundation.


“I can’t deny being a rich guy with an opinion,” wrote Mr Gates.

Bill Gates is right, grounding his private jet won’t save the world – but it would certainly help



“It’s true that my carbon footprint is absurdly high.

“I own big houses and fly in private planes — in fact, I took one to Paris for the climate conference — so who am I to lecture anyone on the environment?”

Please enter your email addressPlease enter a valid email addressPlease enter a valid email address




The Independent would like to keep you informed about offers, events and updates by email, please tick the box if you would like to be contacted
Read our full mailing list consent terms here

The Paris Agreement is a landmark international accord that was signed by almost every nation in 2015, left by Donald Trump in November 2020 and now rejoined by Joe Biden’s administration.

Mr Gates says that he feels guilt about the high level of his carbon emissions and that “working on this book has made me even more conscious of my responsibility to reduce them.”


“Shrinking my carbon footprint is the least that can be expected of someone in my position who’s worried about climate change and publicly calling for action,” he wrote.

He writes in the book that since 2020 he has used sustainable jet fuel and ““will fully offset my family’s aviation emissions in 2021.”








Sustainable jet fuel is made from renewable resources such as cooking oil, plant oil, municipal waste, waste gases.

For his non-aviation emissions, Mr Gates writes that he is “buying offsets through a company that runs a facility that removes carbon dioxide from the air.”


And he adds that he is also investing in clean energy companies and non-profits, and is aiming for the world to become net-zero on new emissions.

“I have put more than $1bn into approaches that I hope will help the world get to zero, including affordable and reliable clean energy and low-emissions cement, steel, meat and more,” he writes.


“Of course, investing in companies doesn’t make my carbon footprint smaller. But if I have picked any winners at all, they’ll be responsible for removing much more carbon than I or my family is responsible for.

“Besides, the goal isn’t simply for any one person to make up for his or her emissions; it’s to avoid a climate disaster.”
 
Did you not grok he also pays 7miliion/yr to offset that carbon emission or that he uses renewable based fuel for his jet?

If Bill paid the money and didn't fly on his private jets, he would pollute even less.

https://www.reuters.com/article/us-...-green-as-thought-study-idUSBRE90601A20130107
Biofuels cause pollution, not as green as thought - study
By Environment Correspondent Alister Doyle

4 MIN READ

OSLO (Reuters) - Green schemes to fight climate change by producing more bio-fuels could actually worsen a little-known type of air pollution and cause almost 1,400 premature deaths a year in Europe by 2020, a study showed on Sunday.

A dead wild pine tree is seen behind a pile of eucalyptus logs in Arganil, central Portugal April 28, 2008. REUTERS/Jose Manuel Ribeiro
The report said trees grown to produce wood fuel - seen as a cleaner alternative to oil and coal - released a chemical into the air that, when mixed with other pollutants, could also reduce farmers’ crop yields.

“Growing biofuels is thought to be a good thing because it reduces the amount of carbon dioxide in the atmosphere,” said Nick Hewitt, who worked on the study with colleagues from England’s Lancaster University.

“What we’re saying is ‘yes, that’s great, but biofuels could also have a detrimental effect on air quality’,” he added.

The report, in the journal Nature Climate Change, looked into the impact of a European Union scheme to slow climate change by producing more biofuels.

Hewitt told Reuters there would be a similar impact wherever biofuels were produced in large quantities in areas suffering air pollution, including the United States and China.

Poplar, willow or eucalyptus trees, all used as fast-growing sources of renewable wood fuel, emit high levels of the chemical isoprene as they grow, the study said. Isoprene forms toxic ozone when mixed with other air pollutants in sunlight.


“Large-scale production of biofuels in Europe would have small but significant effects on human mortality and crop yields,” said Hewitt.

“As far as we know, no one has looked at the air quality of growing biofuel crops before,” he added.

The report estimated that ozone from wood-based energy to meet the European Union’s 2020 goal would cause nearly 1,400 premature deaths a year, costing society $7.1 billion.

The European plan would also would reduce the annual value of wheat and maize production by $1.5 billion since ozone impairs crop growth, the study added.

LUNG PROBLEMS
Siting new biofuel plantations far away from polluted population centres would help limit ozone formation, the study suggested. Genetic engineering might be used to reduce isoprene emissions, it said.


Ozone can cause lung problems and is blamed for killing about 22,000 people a year in Europe. Overall air pollution, mainly from fossil fuels, causes about 500,000 premature deaths in Europe a year, according to the European Environment Agency.

Sunday’s study did not compare the potential damage caused by biofuels to the impact on human health from producing coal, oil or natural gas as part of policies to slow global warming. “We’re not in a position to make that comparison,” Hewitt said.

He noted that the main reason to shift to biofuels was to cut emissions of carbon dioxide, mainly from fossil fuels, that U.N. studies project will become ever more damaging this century.

The United Nations’ World Health Organization estimates global warming has caused more than 140,000 deaths annually worldwide since the 1970s.

The biggest impact was recorded in developing nations where the floods, droughts and other disasters blamed on climate change left millions suffering from diarrhea, malnutrition, malaria and dengue fever.

Burning biofuels is viewed as neutral for climate change because plants soak up carbon when they grow and release it when they burn or rot. Fossil fuels, on the other hand, add carbon to the atmosphere from underground stores millions of years old.

Biofuels are often blamed for causing food price spikes by competing for cropland. Responding to such criticisms, the European Commission said last year it aimed to limit crop-based biofuels - such as from maize or sugar - to five percent of transport fuels.

It's ok for Bill to spend his billions, but to be flying on one of his private jets to a climate conference to promote a book telling others what to do about climate change might be considered
https://www.realclearenergy.org/2021/01/14/bill_gates_climate_hypocrisy_656077.html
Bill Gates' Climate Hypocrisy
Rachel Sharp Daily Mail January 14, 2021
(AP Photo/David Zalubowski)
Bill Gates has been accused of hypocrisy after entering a bid to buy the world's largest private jet operator, just one month before he releases a book preaching about climate change.


The Microsoft boss's company Cascade Investment entered the bidding war for Signature Aviation Friday, teaming up with Blackstone Group to make a $4.3 billion play for the British private jet servicing company.

Cascade and Blackstone are now going head-to-head with private equity firm Carlyle, which had already made an initial takeover approach.

Gates' Cascade already owns a 19 percent stake in Signature making it the firm favorite to win the bid.

But news of Gates' pursuit of the private jet firm has raised eyebrows given the company's actions are at direct odds with his very vocal stance on climate change.

Read Full Article »
:D
 
If Bill paid the money and didn't fly on his private jets, he would pollute even less.

https://www.reuters.com/article/us-...-green-as-thought-study-idUSBRE90601A20130107


It's ok for Bill to spend his billions, but to be flying on one of his private jets to a climate conference to promote a book telling others what to do about climate change might be considered
https://www.realclearenergy.org/2021/01/14/bill_gates_climate_hypocrisy_656077.html

:D

Well when you start paying for your own carbon offsets, until then

#yomamasomaga
 
A bank account is a store of value. It is secure, backed by the financial strength of the bank and regulatory requirements, it does not expose my funds to hackers, my bank does not risk to go under at any time. A basket of daily items (aka inflation) has not gained in price value for the past 10 years and I can still hold tbills to have a semi inflation hedge. A pretty solid store of value in my book. Most assets that increased in price value are speculative assets such as properties and I hold a stock portfolio long term to keep up with that. Hence my mentioning of investment assets previously.

Uh, a bunch of banks went under after '08. Cypress account holders took a massive haircut. Spanish bank (name?) forced account holders to buy stock for funds at above market rates. It happens to banked funds, too. MF Global? Supposed to be segregated funds (not a bank account, but... same principle.) also, fiat is subject to massive inflation, which is starting to look more and more like reality lately.
 
Forgive my ignorance please i am just now really starting to research crypto (heads up this usually means a crash is right around the corner).

As of right now it just isn't really useful outside of being a fancy pants way to store value. Obviously Crypto has been an excellent investment over the past decade, im not about to argue that...but it isn't really viable as an everyday bartering/purchasing currency. Volatility Is another well known issue here...feel free to discuss this as well.

Is it expected to be able to make faster transactions in the near future with BTC?
Do you see other/newer coins as adopting this role while BTC remains as an older style of wealth security...like a digital gold bar of sorts?

My take on Bitcoin.

Launched in mysterious circumstances by some supposedly lone geek 'Satoshi Nakamoto' as a free market libertarian solution to central banks inflating the money supply to death. 'Digital Gold', which would be run on a p2p system, consisting of all the wallets running the Blockchain, making it 'unsinkable' much the same way as piratebay has proven unsinkable. A real revolution for the little man. Giving power to the people, and cutting the evil corrupt banksters out of the transaction process.

10 years down the line, it should now be clear to anyone with half a functioning brain, that this wasn't some unknown renegade libertarian launching some new fangled technology that threatened the establishment monetary system. This was the establishment, pilot testing a new technology that they had many cryptographic experts, working for many years on developing. Slipping it out a 'libertarian' 'stick it to the man' back door, making sure it pumped, dumped, and then pumped and dumped again, but each time considerably greater than before, attracting increasing levels of mental and financial capital into the space, getting the free market to flesh out the technology, for a planned global digital currency/ledger system, which the globalist establishment will control.

It is not digital Gold. It is something that can be killed tomorrow, if certain powerful governments ordained it. China control 65% of the hash rate, and the US could cut ban any financial institution from transacting in it, much the same way as they impose sanctions on entire nation states whose regimes they don't like. And if Bitcoin really was such a big threat, they would have killed it off long before now, as they did with E-Gold in the early 2000s. Instead, despites Bitcoin's only real world uses being online black market transactions and money laundering, Bitcoin has been given an easy legislative ride, and the crypto space has flourished, resulting in what will become the most immense speculative bubble in human history.....but 'they' can pull the plug on it all anytime they want, and one day, they will.

So know what you are playing with and know the danger signs to look out for, as one of these pumps, will be the last. As soon as the central banks are ready to start imposing their own crypto currencies on their jurisdictions, based on greatly enhanced levels of Blockchain technology, the days of the current ocean of contenders, are numbered....but in the meantime, I expect the pattern of pump and dumps to continue, each one bigger than the last, with each one attracting an ever greater pool of capital to it....

....and whilst Joe Sixpack is piling his stimulus cheques and half his pension fund into crypto, the mega wealthy will be busy buying up things like Land, and Gold, because they know what is coming.
 
Last edited:
Ok well almost everyone thinks it is a store of value except you. So I think it's safe to say you are wrong and everyone else is right. Have a great day

Well, as a trader, you should know that in the long run, the majority are always wrong.....

.....oh yeah, and Bitcoin now trades totally in tandem with US equities, and I have been noticing that it can even front run US equities the way that AUDJPY does....i.e. Bitcoin is a great big stonking RISK ON asset. NOT a 'safe haven' in the fkn slightest.
 
Well, as a trader, you should know that in the long run, the majority are always wrong.....

.....oh yeah, and Bitcoin now trades totally in tandem with US equities, and I have been noticing that it can even front run US equities the way that AUDJPY does....i.e. Bitcoin is a great big stonking RISK ON asset. NOT a 'safe haven' in the fkn slightest.

I never said it was.

Yes Bitcoin is a store of value because the price continues to move up, even with all the volatility it will still move in an upward direction. Over 10 years ago it was 25 cents. 25 cents, would you say back then it was a store of value? And it's not just me that thinks this, it's everyone else who is pouring trillions of dollars into it. Just because you say it has no value doesn't mean it doesn't. Not trying to offend you, but that is stupid. It would be like me going against the whole world and saying the sky isn't blue or the grass isn't green just because a thought in my head tells me it isn't. No man, the sky is blue, grass is green....

Have a nice day
 
Cyprus banks and MF, lol. Come on, we are talking JPM, HSBC, Citi,.... Hardly the same league.

Uh, a bunch of banks went under after '08. Cypress account holders took a massive haircut. Spanish bank (name?) forced account holders to buy stock for funds at above market rates. It happens to banked funds, too. MF Global? Supposed to be segregated funds (not a bank account, but... same principle.) also, fiat is subject to massive inflation, which is starting to look more and more like reality lately.
 
I never said it was.

Yes Bitcoin is a store of value because the price continues to move up, even with all the volatility it will still move in an upward direction. Over 10 years ago it was 25 cents. 25 cents, would you say back then it was a store of value? And it's not just me that thinks this, it's everyone else who is pouring trillions of dollars into it. Just because you say it has no value doesn't mean it doesn't. Not trying to offend you, but that is stupid. It would be like me going against the whole world and saying the sky isn't blue or the grass isn't green just because a thought in my head tells me it isn't. No man, the sky is blue, grass is green....

Have a nice day

If Bitcoin is a store of value, then so were Tulip bulbs in 17th Century Amsterdam, which proved a tremendous means of 'storing value'......until one day they didn't.

If you are going to conflate a massive speculative bubble, with a 'store of value', then there is no helping you and you absolutely will have to learn the true zero sum game of speculative markets, the hard way.
 
Back
Top