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Re:A tale of two bubbles, the dot-coms and Bitcoin by Balgair on Thursday December 07, 2017 @12:05PM (#15871743)
It should decrease (long term) as the amount of 'mining' naturally goes down with the lessened 'reward', per the schedule. The fee based crypto-breaking should be less. As dedicated crypto-breaking hardware is manufactured with an eye towards energy efficiency things should also get better. In the short term, yes, this is totally crazy. But in a few years, things should be much better.

That said, how fucking sci-fi is this?! Remember in the old games and novels how 'energy credits' would be a currency unit in the future. Well, looks like we are in the future then. Bitcoin is pretty much a 'baby' energy credit, it's also more than that, but it is an energy credit in a nascent way. I mean, that's pretty cool to teenager me.

Re:A tale of two bubbles, the dot-coms and Bitcoin by Taniwha on Thursday December 07, 2017 @04:53PM (#15874707)
yes, but it's a spent energy credit, it's not like you can reverse it and spend the work, on something else - it has no value other than as a possible future negative asset, something you might be required to purchase carbon credits to cover