The reason Proof of work is set apart from its POS clones is because the inflation/emission brought to market every day has real costs to obtain... Fiat being printed cost 1% of its nominal value to create, which is…
I disagree, sunk cost fallacy and just plain miners needing to ROI their equipment, facilities, and energy costs sets a base psychological minimum price that is rising every year as the hash rises. Now that we've hit a…
You are speaking in absolute terms. It goes against all logic that new technology wouldn't be funded by dumping energy into bitcoin mining. Simple logic.. Billions of dollars in miners are bought by speculators, Bitmain…
2 things are about to happen in the bitcoin space. The size of transistor in the bitcoin miners is hitting a wall. The bitcoin market will either drive alternative energy efficiency in the chase of profits, or it will…
Wastes enormous amounts of energy... The energy is literally being stored in the value of bitcoin. It's an energy credit. People are transforming excess electricity into bitcoin. Period. What do I do with my profits…
You're so angry about the greenhouse gases that you're completely missing the logic behind an energy currency. You complain that the energy and dollars are spent speculating because you're flat out ignoring that miners…
The reason Proof of work is set apart from its POS clones is because the inflation/emission brought to market every day has real costs to obtain... Fiat being printed cost 1% of its nominal value to create, which is…
I disagree, sunk cost fallacy and just plain miners needing to ROI their equipment, facilities, and energy costs sets a base psychological minimum price that is rising every year as the hash rises. Now that we've hit a…
You are speaking in absolute terms. It goes against all logic that new technology wouldn't be funded by dumping energy into bitcoin mining. Simple logic.. Billions of dollars in miners are bought by speculators, Bitmain…
2 things are about to happen in the bitcoin space. The size of transistor in the bitcoin miners is hitting a wall. The bitcoin market will either drive alternative energy efficiency in the chase of profits, or it will…
Wastes enormous amounts of energy... The energy is literally being stored in the value of bitcoin. It's an energy credit. People are transforming excess electricity into bitcoin. Period. What do I do with my profits…
You're so angry about the greenhouse gases that you're completely missing the logic behind an energy currency. You complain that the energy and dollars are spent speculating because you're flat out ignoring that miners…