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So I’m supposed to believe that bitcoin is doomed because it’s environmentally unfriendly, the price is falling, and that there’s hundreds of competitors? These
by jdhn 5y ago
So I’m supposed to believe that bitcoin is doomed because it’s environmentally unfriendly, the price is falling, and that there’s hundreds of competitors? These are all things bitcoin have faced before, and will continue to face.
- timothyduong 5y ago- environmentally unfriendly - price is falling (or inversely more expensive) - hundreds of competitors Insert: coal Takes time for the status quo to adopt and learn. That being said I don’t think that it’s going to be a bear market for btc, I don’t foresee BTC being big in 10 years, but 10 years is far from now…
- jdhn 5y agoIf bitcoin is coal, then what's the crypto equivalent of fracking? The reason I say fracking is because that's what really made natural gas the preferred fossil fuel electricity provider (concerns about carbon dioxide helped, but aren't the primary reason).