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November 13, 2017, 01:52:38 AM |
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besmartbecause The energy efficiency aspect cannot be underestimated.
Bitcoin will suffer from an endless cycle of perpetually needing more and more and MORE mining gear to keep it going...this process is really turning into a beast that can only end badly...and it is never going to end. The worst part about Bitcoin is that Proof-of-Work has basically turned into Proof-of-Electricity. This is going to be a serious energy problem...and only the places with cheap electricity will be able to compete...this will force energy prices perpetually higher and higher.
But now, with Peercoin, it this is completely unnecessary. Peercoin is evironmentally sustainable, and shows that Bitcoin is just an inefficient coin, a complete waste of money, and resources.
I am not against Bitcoin, I love BTC, but I am looking objectively, and I am willing to admit it is not perfect. There is absolutely NO WAY it can become a world reserve currency! The energy costs would destroy our planet. I am against the direction BTC is going, greed it taking over peoples' common sense. Wake up people! Lose your pride! Humble yourselves! Don't lose your head, but rather use common sense.
If you honestly think Bitcoin would ever be the world's reserve currency, and you honestly think it would be worth $1,000,000 per coin or whatever your astronomically high number is, just think about all of the power wasted on mining to support such a beast!
Continuing to be a Bitcoin advocate while it destroys our planet, is evil. May I remind you that we are trying to get ourselves away from corruption, tyranny and death, and rather to bring life to our world. Bitcoin will not be able to fit into this picture in the long run. The sooner we switch to Peercoin, or other efficient coins, the better.
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