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      "author": "ragetester",
      "body": "4 times the supply is the only downside, inflation is what stops price from going up",
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      "body": "We are all waiting for the big spike in the Litecoin spot price. Based on its usability, it is extremely undervalued in comparison to Bitcoin, and you really cant foresee it going south from this point. It is a very safe bet IMO.\n\n![](https://steemitimages.com/DQmQDEcqVEzdvDeHkGh6xNbWJGX5xHaz9usJEUqArZAgFZ5/image.png)\n\nThe main reason why Litecoin is so attractive to me, is the efficiency of it. \n\nLet me explain:\n\nThe bitcoin hash rate is 5,013,896,760GH/s. Using Antminers most efficient miner, S9, the S9 is capable of delivering 14,000GH/s. In order to do this, it requires 1372 Watts to run.\n\nWith the Bitcoin network hashrate, we would require 358,135 Antminer S9's which would require 490,644,000 Watts of energy.\nOver a 24 hour period, it equates to 11,775,478,000 Watt hours of energy per day to run the bitcoin network, and that does not include account nodes.\n\nLets say the average transactions for bitcoin per day is 330,000 transactions. If you divide the  total watt hours to run the bitcoin network, by the number of transactions, 11,775,478,000 / 330,000 = 35000W/h per transaction. or 35kW/h.\n\nUsing Australian electricity prices, @0.29c per kw/h, it costs $10 per transaction just in power requirements.\n\nTHIS IS UNSUSTAINABLE!!!!\n\nThe Litecoin hashrate is 7,217GH/s.\n\nAntminers most efficient miner for LTC is the L3+ and is capable of delivering 0.5GH/s and requires 800Watts to run.\nOver a 24 hour period it equates to 277,132kWh of energy to run the litecoin network, not including account nodes.\n\nThere are 220, 000 transactions per day divided by 277,132kWh energy usage, and it equates to 1.3kWh per transaction.\n\n@29c per kwh, it costs $0.35c per LTC transaction compared to $10 per transaction for Bitcoin.\n\nIf you take into account the production of new coins, it makes litecoin even more efficient as the algorithm allows for 4 times the supply.\n\nnb. (the numbers were crunched a couple of months ago, and would have changed slightly).\n\nConclusion.\n\nThe Litecoin price is undervalued. The probability of a  massive spike  is real.\n\nIs Litecoin to Bitcoin, what Facebook is to MySpace? Just maybe.",
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      "body": "Congratulations @tonypecora! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png)](http://steemitboard.com/@tonypecora) You made your First Comment\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "author": "tonypecora",
      "body": "ive had similar feelings.",
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      "body": "Hi All,\n\nif you have plenty of bitcoins, ive got plenty of solar power and battery systems.\n\nWe are based in Australia and the South Pacific.\n\nIm willing to do a good deal on this, if your keen.\n\nhttp://greenpowerco.com.au/\n\nask for Tony",
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      "body": "\"So here lies the key, Trade in things that the Government tries to regulate. But do it cool.\" Awesome post!",
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      "body": "Hi. I am a volunteer bot for @resteembot that upvoted you.\nYour post was chosen at random, as part of the advertisment campaign for @resteembot.\n@resteembot is meant to help minnows get noticed by re-steeming their posts\n-----\nTo use the bot, one must follow it for at least 3 hours, and then make a transaction where the memo is the url of the post.\nIf you want to learn more - [read the introduction post of @resteembot](https://steemit.com/resteembot/@resteembot/how-to-use-resteembot).\nIf you want help spread the word - [read the advertisment program post](https://steemit.com/resteembot/@resteembot/how-to-help-resteem-bot-spread-the-word).\n-----\nSteem ON!",
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      "body": "Hi All,\n\nAs you all probably know, Governments have to regulate everything, its in their DNA. Create rules, licenses, regulations and codes, which basically keeps them employed, and feeling powerful, and also keeping the scared population of mainly women and liberals feeling safe. However, there is a really good way of making money from this, by just stepping over the other line, but without doing anything immoral, or in any way effecting your karma balance.\n\nI will just touch on crypto currency for a sec as an examle. As the Government tries to regulate and control it, the Streisand effect will take hold, the the price of Bitcoin will go thru the roof. Then the Governments will cave, institutional investors will get on board, and the few bitcoins you purchased in 2017, will be worth a fortune in 2021. Just by doing exactly what the Governments told you NOT to do.\n\nSo here lies the key, Trade in things that the Government tries to regulate. But do it cool.\n\nThe key in doing things that are slightly illegal, is to weigh up the risk and Government penalties. It is always important to keep your soul clean, and stay out of jail. The liberals love keeping us out of prison, so lets just give the people what they want. Make people happy, get rich and stay out of jail. Good Behaviour bonds, I can handle. Usually, if you are just lacking a license, and not peddling anything illegal, then you will generally get a slap on the wrist, all while, your bitcoin balance keeps growing.\n\nI have about 10 ways of making easy money, staying out of jail, keeping your soul clean and helping people get what they want. The best part about it, is that you can have an awesome adventure and you dont need to do the 9-5 anymore.\n\nSo lets start. \n\n1. TOBACCO\n\nI am Australian, and a pack of 25 cigarettes cost around $30 after tax. YES $30. And the Government will not let anyone sell natural tobacco. Just the tobacco that is pumped with chemicals and toxins. This is criminal! Its almost like prohibition but worse.\nSo the people are crying out for Robin Hood type hero's, to start selling natural tobacco at $5 a packet.\nSee the opportunity?\n\nThere are places like Fiji, Vietnam, Indonesia, Cambodia, Thailand and East Timor for example, where it is legal to grow tobacco, and lots of it. You can pick up compressed bags of beautifully sweet natural tobacco, for fuck all, without ever getting into trouble from the authorities, coz its legal to buy.\n\nNow its time to get it into Australia. The best way of doing this is thru Yachts. Unless you have your own ocean going 36' yacht (which you can get for about $25k), you may want to go down to the local yacht club, and ask if their are any rides going to Darwin or the Whitsunday Islands. You may have to wait a couple of weeks, but thats half the fun. As these countries are cheap to live, and it gives you time to explore and purchase your tobacco, plus many other wonderful surprises.\n\nOnce you've found your yacht, and put the compressed tobacco leaves into a couple of luggage bags, you are ready to sail the seas into the Nanny state of fortune. Bringing 200kg of tobacco into Oz, will barely get you to court. Most often, no one will even notice you hauling your luggage into your car, and now your free to start selling, in a cool way. If you decide to roll them into packets and sell them at $5 each, you will make a cool $40k. Trust me, they go like hot cakes.  Yep, thats about 10 Bitcoin and I reckon the equivalent of about $400k in 2021.\n\nYou can find my yacht charter website here. www.yachtcharterfiji.com\nBy the way, registering a business is not needed anymore. All you need it a website and bitcoin account. Fuck the law, you are Free.\n\nFor those that do not like the thought of importing contraband. Then my next post will be for you.\n\n2. LAND ACQUISITION BASED ON ZONING\n\n\nPlease give this page a thumbs up, and if I can make some Steem, ill post the next one, and next one.\n\nBtw, I live the life I preach. I am currently travelling the USA with my profits, living with my wife and kid in a Winnebago. Freestyle businessman, Currently in LA. Next Stop, Mexico.\n\nps. I made a shitload last night off bitcoin. $4000/BTC, This life is fucking mad! \n\n![](https://steemitimages.com/DQmT8EWVAYzhFyoVeZg59EL3iLPanSypxffs8Y7WaqE8QMB/image.png)",
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