Okay. It’s time for a serious reality check. You, who are reading. You who has a pulse, and is equipped with this amazing computer called a brain. You yes, you need to understand why crypto-currency is literally scarier then Frankenstein’s monster.
The Fuse
What is being heralded as a new gold rush, or a new gold, or a #endthefed/#fighthefed phenomenon is just a fiat derivative floating in a fiat currency, managed by fiat banks. The whole thing looks like a terrible festering turd after Taco Tuesday, that just will not flush… But, buckle up cause when this turd finally sinks, … and it will … it is going to cause calamity of biblical proportions.
What is a Tether? Think of it like a poker chip. Cause it is. You can’t play the games, or make bets in the electronic casino with out the chip. Imagine now, some greedy megalomaniac (cause that is so hard now a days) gets this idea to fiscally engineer a Ponzi scheme with poker chips instead of dollars in and dollars out. Picture it in your head for a second. Real dollars you sweat for, go in; fake dollars that are floating around in volts and amps moving around could double your money. But you also need to see the giant, immense, pyramid of poker chips between them. That, right there… That is Tether.
The Clock
So if running a criminal Ponzi Scheme that would win the Madoff World Cup, doesn’t scare you, HERE is some numbers for you. This is compiled by the University of Cambridge and it’s a model to best estimate the world wide power consumption of crypto-currency. Since our governments of the world are so bloody obsessed with green energy these days, 14.23 Giga-Watts of power (roughly 13 more then the Delorian needed to time-travel) needs to be translated into laymens terms.
14.23 Giga-Watts is roughly 1185833 standard homes (120/240V 100A service) drawing maximum current the main breaker can handle before popping. It’s ballpark 3557 standard wind turbines, producing maximum power, with full wind requirements met. It’s approximately 17787500 standard solar panels.
Kaboom
Wether it is a pan-sell off that goes off the rails when the poker chip shenanigans runs it’s course. Or, some serious power production failures or breakdowns because of some leftist green thumb numb-nutz political hubris that ends up delivering the fatal blow, it’s a moot point. The techno-cratic crap-chute is destined to fail because it exists only in a virtual hyper bubble of economic and political LIES.
The Dust Settles
The likelihood that “the powers that be” allow their toy within the toy to fail is slim. They are so far in Denial-Land (pun intended) you can barely tell where their arse ends and their necklines begin. No the reality here is that they are likely going to actually rescue their precious little toy. Their “Precious” (yes I quoted Sméagol) (Long Live Tolkien!) They are likely going to rescue it with GOLD! And then completely FREAKING ANNIHILATE US!