news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Market

Cryptocurrency’s kryptonite –

August 17, 2022
Reading Time: 5 mins read
0
Cryptocurrency’s kryptonite –
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

ETH Price Predictions and Upgrades for Ethereum in the Future – Modern Diplomacy

May 29, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Want Privacy? Don't Use Blockchain Yet – Blockworks

May 29, 2023

Here’s the story of the high-flying funny money that flew too close to the sun—and then…

There are times in life when a moment crystallizes in your mind, and increasingly, at least for me, when you can anticipate when that latest “hot topic,” is about to “jump the shark.”

My father, an astute businessman and longtime savvy investor is many things; however, he is not the guy up to speed on all things new and different. A few months back, he pulled me aside to apparently share something of great value in confidence. In a near whisper, he offered, “They are going to stop using paper currency soon son, probably time to start moving some dollars into that cryptocurrency stuff.”

At that precise moment, I knew that if dad was even aware that cryptocurrency existed, that investment bubble was about to burst. Thanks for the tip dad; using reverse logic, you were on the money. I am admittedly not a savvy investor. Real estate has always performed pretty well for me. I am a steady saver, and my investing leans hard to the more conservative side of the ledger—money market CDs, municipal bonds, and blue-chip stocks. The risks of electronic cryptocurrency have largely kept me away, but I can also admit that I don’t entirely get the concept.

Cryptocurrency appears to be an endless string of coding, mostly zeros and ones moving toward infinity, in supposedly limited supply, while still being mined and manufactured daily in data farms across the globe. International regulation is all but nonexistent; the market is new enough that the federal government is still figuring it out. And extensive passcodes that can get lost create intricate access to even your own crypto holdings.

Cryptocurrency miners run computers in large warehouses on racks at top speed 24/7 and consume huge amounts of electricity, currently comparable to the domestic energy consumption of Norway. That electricity can’t all come from sustainable sources, meaning that the industry is also a net polluter. And whether your cryptocurrency of choice is Bitcoin, Luna, Ethereum, or some lesser-known e-currency, they all share one thing in common at present. After hitting peak prices in 2021, their values are all down by more than 50 percent. In fact, the only part of the e-currency industry operating in the black is the e-currency exchanges. They each make a small commission whether prices are going up, or down.

The Federal Trade Commissioner (FTC) also reports that more than 46,000 Americans have been stung by crypto scams since January 2021, as many still believe the myth much more than current market dynamics. And of course, crypto boosters will tell you that all markets are cyclic and that their pricing and value will recover. For those crypto cheerleaders, I have five words for you to ponder – electro-magnetic pulse and blackouts.

Global faith in our U.S. economy and dollar are not what they once were. The mighty dollar’s days as a global reserve currency may be numbered. Those who doubt that might take note of the steep plunge in the value of the euro, primarily brought about by the Russian attacks on Ukraine.

Domestically, the newest Green Energy bill to be soon signed into law is expected to expedite huge market shifts—pushed forward by government policy and tax credits—toward electric vehicles and more sustainable energy sources. Those are worthy goals; but as we are seeing globally as well as domestically with brown-outs and blackouts during this summer of record heat; those “green” energy sources typically cannot provide high-demand baseload in the same fashion as coal, natural gas, or nuclear generated electrical power. Our grid is also not designed for the increasing pull of e-vehicles in every home garage. Unless we commit soon to a much larger new nuclear energy reactor fleet, we will not be able to meet base power production demand in many urban areas during summertime.

Yes, the more reliable cryptocurrencies and data mining farms do have onsite backup generators, but even fail-safes fail. Who knew that the kryptonite for high-flying cryptocurrencies might be a combination of green energy policy and sporadic and unpredictable power outages? Innovation can still save or turn any industry apparently heading for a quick exit or downturn. I am no expert, but perhaps add an endless string of XXXs to all of those zeroes and ones—certainly seemed to work well for the porn industry.

Bill Crane also serves as a political analyst and commentator for Channel 2’s Action News, WSB-AM News/Talk 750 and now 95.5 FM, as well as a columnist for The Champion, DeKalb Free Press and Georgia Trend. Crane is a DeKalb native and business owner, living in Scottdale. You can reach him or comment on a column at bill.csicrane@gmail.com.

368 total views, no views today

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

ETH Price Predictions and Upgrades for Ethereum in the Future – Modern Diplomacy

by admin
May 29, 2023
0

ETH Price Predictions and Upgrades for Ethereum in the Future  Modern Diplomacy

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Want Privacy? Don't Use Blockchain Yet – Blockworks

by admin
May 29, 2023
0

Want Privacy? Don't Use Blockchain Yet  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Australia Sees ‘Enormous Market’ for its Battery Metals in US – Yahoo Finance

by admin
May 29, 2023
0

Australia Sees ‘Enormous Market’ for its Battery Metals in US  Yahoo Finance

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

BAYC and Apecoin utility can't compare to Avorak and their NFTs – CryptoNewsZ

by admin
May 28, 2023
0

BAYC and Apecoin utility can't compare to Avorak and their NFTs  CryptoNewsZ

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Why gamers think GTA 6 will feature cryptocurrency – Sportskeeda

by admin
May 27, 2023
0

Why gamers think GTA 6 will feature cryptocurrency  Sportskeeda

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Poly Blackwire 5220 USB-A Wired Headset (Plantronics) – Flexible Noise-Canceling Boom Mic – Ergonomic Design – Connect to PC/Mac, Mobile via USB-A or 3.5 mm – Works w/Teams, Zoom – Amazon Exclusive

Poly Blackwire 5220 USB-A Wired Headset (Plantronics) – Flexible Noise-Canceling Boom Mic – Ergonomic Design – Connect to PC/Mac, Mobile via USB-A or 3.5 mm – Works w/Teams, Zoom – Amazon Exclusive

May 30, 2023
HyperX Cloud Stinger – Gaming Headset, Lightweight, Comfortable Memory Foam, Swivel to Mute Noise-Cancellation Mic, Works on PC, PS4, PS5, Xbox One, Xbox Series X|S and Mobile,Black

HyperX Cloud Stinger – Gaming Headset, Lightweight, Comfortable Memory Foam, Swivel to Mute Noise-Cancellation Mic, Works on PC, PS4, PS5, Xbox One, Xbox Series X|S and Mobile,Black

May 30, 2023
CASCHO Wireless Earbuds Bluetooth Headphones 60Hrs Playtime HD Stereo Audio Digital LED Display Over-Ear Earphones with Earhook Waterproof Headset with Mic for Sport Running Workout

CASCHO Wireless Earbuds Bluetooth Headphones 60Hrs Playtime HD Stereo Audio Digital LED Display Over-Ear Earphones with Earhook Waterproof Headset with Mic for Sport Running Workout

May 30, 2023
India's protesting wrestlers to sink medals in Ganges

India's protesting wrestlers to sink medals in Ganges

May 30, 2023

Latest News

Poly Blackwire 5220 USB-A Wired Headset (Plantronics) – Flexible Noise-Canceling Boom Mic – Ergonomic Design – Connect to PC/Mac, Mobile via USB-A or 3.5 mm – Works w/Teams, Zoom – Amazon Exclusive

Poly Blackwire 5220 USB-A Wired Headset (Plantronics) – Flexible Noise-Canceling Boom Mic – Ergonomic Design – Connect to PC/Mac, Mobile via USB-A or 3.5 mm – Works w/Teams, Zoom – Amazon Exclusive

May 30, 2023
HyperX Cloud Stinger – Gaming Headset, Lightweight, Comfortable Memory Foam, Swivel to Mute Noise-Cancellation Mic, Works on PC, PS4, PS5, Xbox One, Xbox Series X|S and Mobile,Black

HyperX Cloud Stinger – Gaming Headset, Lightweight, Comfortable Memory Foam, Swivel to Mute Noise-Cancellation Mic, Works on PC, PS4, PS5, Xbox One, Xbox Series X|S and Mobile,Black

May 30, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global