Bitcoin

Out of context: Reply #936

  • Started
  • Last post
  • 2,736 Responses
  • drgs3

    If you think about all potential BTC users out there who don't have BTC yet (say, if Amazon jumps on the wagon etc) vs people who own BTC at this moment. The share of the former is probably 99% vs 1% of all possible users.

    70-80% of all BTCs are already mined and in circulation or lost. So, basically, 1% owns 70-80% of all possible BTC wealth. How will this grim imbalance even out?

    On top of this:
    Bitcoin's electricity consumption as a percentage of the world's electricity consumption 0.13%
    https://digiconomist.net/bitcoin…
    Shit's fucked up.

    The blockchain is outdated, but there is a replacement:
    https://medium.com/@norbert.gehr…

    drgs 3Permalink
    UpvoteDownvote
    Flag
    • Interesting. I completely agree with the assertion that BC is more akin to Gold than to currency. The energy consumption alone is enough to stymie wide usagedetritus
    • This IOTA is completely new to me (I don't spend much time in this space) - do you have any?detritus
    • I'm waiting for Bittrex (my exchange) to add itdrgs
    • E-CoinArmandoEstrada
    • Anyway, this IOTA coin is very early in development, some people even say they've butchered it with custom crypto hash functions etc, but the idea is theredrgs
    • I gave in and bought in at 1.25 USD/IOTA
      https://coinmarketca…      drgs
    • makes sense. the price of BTC is like rare artwork at the moment. people clamoring to obtain it as a future investment...it's like a 'clean cash' dumping place.lvl_13
    • for fucking once I do something right, 10 USD by january!
      https://coinmarketca…      drgs
    • where did you buy from?lvl_13
    • bitfinex.comdrgs
    Show [[ numHiddenNotes ]] more notesAdd Note
    SaveCancel

View thread