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I think it increases the chance not of legitimisation but of a govt bailout when either (a) Bitcoin threatens to melt the planet or (b) bitcoin’s value collapse

I think it increases the chance not of legitimisation but of a govt bailout when either (a) Bitcoin threatens to melt the planet or (b) bitcoin’s value collapses, because there isn’t a (c) I can see.

rocqua 6y ago
Why can't bitcoins price "stabilize" by fluctuating inside the 1000 to 200000 range?
- jcpham2 6y ago
  a) it totally can b) proof work uses as much electricity as proof of work needs, the internet cry-for-help crowd likes to recite made up numbers
  - ac29 6y ago
    > b) proof work uses as much electricity as proof of work needs No, proof as work uses as much electricity as is profitable. The entire Bitcoin network could trivially be run on a single PC.
- pta2002 6y ago
  I'd say 20000% fluctuations are hardly stable, no?