Has crypto experienced maximum pain?! - Bad News for August 31, 2022

<p>My name is Max. Max Pain. And in case you are wondering if the crypto world has encountered me yet? Some say yes. But some say no. What we know for sure is that Michael Saylor may be in trouble for tax fraud, Crypto.com accidentally transferred more than $10 million dollars to a customer, and Samsung hopes to open a crypto exchange in Korea next year. </p> <p>There are predictions and prognostications on what happens next with Bitcoin and the crypto market from experts, so-called experts and wanna-be experts. All I can tell you is you don’t want to meet me in a dark alley behind the exchange. You’re better off meeting those clowns from that horrible podcast. Take your chances with Joel and Travis on this bad news episode #631 of The Bad Crypto Podcast.</p> <p><strong>Full Show Notes at: badco.in/631</strong></p> <hr> <p><strong>Time Stamps: </strong></p> <p>00:00 Intro <br>03:40 Crypto market cap<br>05:00 - What’s the Bitcoin magic number? <br>06:15 - Bitcoin could become a zero emission network, according to a report. How much does it cost to print printing press money, when printing presses go “brrrrrrr” and print money out of thin air? <br>07:05 - Harnessing stranded methane gas into mining power. Basically, when they can siphon cow farts, Bitcoin will be carbon neutral. <br>08:23 - Travis read that by the year 2046 - like every 12,068 years there is some sort of big massive die-off on the planet - and we’re 24 or 26 years away from that. But how can you even determine that? How do you know? <br>09:00 - There’s a link I followed from that story in the show notes; banking uses 56x more energy than Bitcoin, exposing the banking system as energy hungry, demonstrating Bitcoin is better for the planet and offers a million times more efficiency than the regular banking system. <br>11:11 - Travis shares his real life human 404 error experience with his car registration and tire repair in Puerto Rico; an example of the inefficiency of government. <br>13:04 - Bitcoin expert price predictions; depending on who y