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If you're reading this 10 years from now look how clueless everyone in this thread is. Everyone here still thinks BTC is not even the best crypto let alone the
by mlcrypto 6y ago
If you're reading this 10 years from now look how clueless everyone in this thread is. Everyone here still thinks BTC is not even the best crypto let alone the best asset in the world. If 50k isn't enough to convince them, nothing will. Hope you're enjoying $1M+ BTC prices in 2031.
- rawtxapp 6y agoThey will probably look at it like we look at: https://news.ycombinator.com/item?id=599852 https://news.ycombinator.com/item?id=599852
- justapassenger 6y agoI’m still waiting for my tulips investment to pay off.
- DennisP 6y agoSo let's see, at $1M/BTC, three halvings, 6 blocks per hour, that's 9.3BTC/hr in rewards, call it at least $10M/hr because transaction fees. Electricity at 5 cents/kWh means that buys 200GW, but say miner cost is half hardware. So we'd be consuming about 100GW of energy to send seven transactions per second.
- mlcrypto 6y agoIt will be securing $20T in terms of market cap. Energy consumption metrics aren't useful without considering the source of energy. BTC gives us the potential to harness natural sources of untapped energy far from cities, convert it into money, and instantly transport it anywhere. The transaction limit is a non issue for me because final settlement is still faster than traditional methods.
- rfd4sgmk8u 6y agoThis. You dear reader, you ignored BTC when it was first raised on HN in 2009. "Silly internet people, you cant make money without governments!". * Then it hit $10. "That's not worth my time". * Then it hit $100. "Just games for internet people." * Then it hit $1000. "Silly worthless digital tulips." * Then it hit $10000. "Its obviously a bubble". * Then it hit $50000. 'Its using too much energy! This is unethical". It will hit 100k, 500k, 1M. You will run out of excuses eventually.