30 ms·
> Miners and other people using bitcoins are going to get tired at some point of the loss from buying all this energy to keep their bitcoin assets going Someon
by martin-adams 6y ago
> Miners and other people using bitcoins are going to get tired at some point of the loss from buying all this energy to keep their bitcoin assets going
Someone might have a better insight to me. My concern is that the demand for energy will push up the price for everyone and it's actually those on lower incomes who will suffer the most. While the economics might eventually get there to solve the problem, could it do a lot of damage in the process?
- stjohnswarts 6y agoWe all suffer because it pollutes the environment ridiculous amounts for something that is still of dubious worth to society (we already have plenty currencies). The amount of power needed goes asymptotically to infinity as bit coins are mined. It will have to eventually fix itself because of that as other have argued, but before then it's going to do a lot of unnecessary damage to the environment.