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Also miners verify blocks of transactions so to say it is not meant to be a currency is just plain wrong.
It is a currency, but one that is only really used by criminals. The technology is not novel anymore and has no intrinsic value. In fact the only real value you can assign to it is how much energy you have to waste to mine one.
Blockchain can make transactions secure without bitcoin. And it is being incorporated into the technology stacks of major banks. Bitcoin itself is only a store of value because enough people think it is who have no idea that it has no intrinsic value. When those people have spent all their money the house of cards will crumble.
That said + 7 paragraphs :-) fully agree that blockchain is useful in some situations. However bitcoin cannot ever be a mainstream currency because it is so unstable because at the moment it is the worlds largest Ponzi scheme. It also promotes low economic activity. At the moment, governments have the lever to make stimulus boosts to the economy but that isn't possible with bitcoin. Also with bitcoin as a currency, "why would I spend them today when they would be worth more tomorrow" is a sentiment that will drive recessions.
Companies buying bitcoin as assets will lead to one of the next crashes IMHO. When it stops growing because people have finished piling into it it will go on the worlds largest bear run.
I'm liking all these biscuits we're having
Yep me too.
Not such positive news for SAE? Some serious misinformation here. GFG is an alliance of companies not a single company that can go bust.
The main danger for SAE is that Liberty steel next door to Uksmouth would go out of business and the power station would not be needed. Reassurance for steel means reassurance for SAE.
For all those discussing AFC stickers on cars, this is just as good IMHO (apologies if this has been posted before):
https://twitter.com/andy47640/status/1376766276916363265?s=21
Wait until the end and see who AFC is up in lights alongside...
GFG is interconnected but not consolidated. Companies in the alliance operate independently. I see people here just playing games for a better entry price. SAE are doing impressive things with an impressive list of industry partners.
Everfuel are part owned by NEL. I think that's where they will be getting their electrolysers from.
Also tied to a tech -> value stock redistribution with the strong economic bounce expected. Especially with the bond market dip coming to an end and people start worrying about inflation.
?? positive today. Seems to have reached a bottom. Or were you hoping for a better point to top up on?
Definitely some low-hanging fruit missed there. Given that there are commercial ships running on fuel cells and they are literally carrying around renewable fuel generating equipment, seems like an easy win missed...
Maybe also they anticipate alternative forms of funding being open, always nice to have the option not to dilute.
I did look at GEVO, but they have different levels of stocks so that put me off a bit. Not sure if anyone else has opinions on that