Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $...
by pbhjpbhj on Tuesday November 20, 2018 @10:20AM
(#18494384)
By "Bitcoin maximalist" I assume you mean you want to see it enter widespread use as currency? Any thoughts on the extreme environmental downside of BTC?
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Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $...
by xiphias2 on Tuesday November 20, 2018 @01:10PM
(#18496057)
It means that I think it will eat all money (and most altcoins as well) over the next 15-20 years.
About the downside: I hope using coal as an energy source will be shut down ASAP. Bitcoin protocol would easily work with only sustainable energy sources, but it doesn't work without the security of proof of work (all other algorithms for decentralized concensus so far decrease security of the protocol).
Luckily China already took some steps to close down the most polluting Bitcoin miners.