Posted on 11/23/2022 8:11:36 AM PST by Presbyterian Reporter
CORZ CORE SCIENTIFIC INC COMMON STOCK
52 Week Range 0.1212 11/09/2022 13.70 11/29/2021
Invest in crypto they said.....you’ll clean up they said.....totally secure they said.....
I can piss my own money away.....I don’t need any help.
I’m concerned that the computing power collected by these mining firms may be repurposed for criminal or unethical behavior. DOS attacks, Bot attacks on social media, identity theft, election thefts, etc.
Telling you the Federal Reserve is bankrupting these outfits paving the way for FedCoin next year.
“The miner had 1,051 BTC and $29.5 million in cash at the end of September.”
Did they check under the couch cushions?
Well, for most of those type of illegal operations you don’t want to actually own the computing power you are using. Because then they’ll trace it right back to you and you’ll go to jail.
Hackers would much rather use YOUR and MY computing power to do those things, and leave a more twisted path for the investigators to follow when they try to trace the attacks back to their origin.
If they are used to rig elections, then there will be no tracing back by the MSM or the Swamp.
Here's the reasoning:
Don’t quit your day job.
The computers that you have to worry about rigging elections are the ones that are inside the government offices.
“””I’m concerned that the computing power collected by these mining firms may be repurposed”””
On the other hand the massive amount of electricity being consumed to do this computer mining might lead to lower electrical prices for the rest of us.
Looks like P.T. Barnum was right all along
Does anyone think that gold will increase steeply in the next few months now that crypto is no longer very viable?
Crypto was touted as a currency, bought and sold as an investment, and finally crashing like a Ponzi scheme. Not all of them yet, the exchanges seem to be going first.
I suspect it was that way by design, not of the cryptos necessarily, but by the megalomaniacs trying to control the world. We all know a few of their names.
Greenidge Generation (GREE) have also said they are strapped for cash.
~20mi from here
Here’s my take on this whole crypto crash.
Lazy tech guy 1: Hey, I got a great idea. Let’s start something called crypto currency because paper money/precious metals are so ancient history.
Lazy tech guy 2: But what is crypto currency?
Lazy tech guy 1: Exactly. It is whatever we say it is!
Lazy tech guy 2: But where does it come from?
Lazy tech guy 1: Computer mining?
Lazy tech guy 2: Sounds cool, but how do we make money?
Lazy tech guy 1: we tell folks each Coin we find from computer mining is wot several thousands of dollars. And then regular people will invest their real money and we can cash in.
Lazy tech guy 2: And after several years when the world catches on to this tech voodoo currency scam, we’ll be sitting on the beach sipping mai tais and living the dream.
A. Start with a large fortune
DING DING DING!!
We have a winner!
Wonder what all the Free Republic guys will do when they can’t work under the table any longer once Fed Coin kicks in? LOL
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