CryptoUnchained

4 ms·

1.
by CryptoUnchained 6y ago
The reason Proof of work is set apart from its POS clones is because the inflation/emission brought to market every day has real costs to obtain... Fiat being printed cost 1% of its nominal value to create, which is devaluing every si
2.
by CryptoUnchained 6y ago
I disagree, sunk cost fallacy and just plain miners needing to ROI their equipment, facilities, and energy costs sets a base psychological minimum price that is rising every year as the hash rises. Now that we've hit a wall at the 5nm
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by CryptoUnchained 6y ago
You are speaking in absolute terms. It goes against all logic that new technology wouldn't be funded by dumping energy into bitcoin mining. Simple logic.. Billions of dollars in miners are bought by speculators, Bitmain orders new 5nm
4.
by CryptoUnchained 6y ago
Which is why Bitcoin isn't really considered a currency anymore. It's purely a digital asset, something like gold, a store of value and reserve currency used by large institutions. Once Visa/Bakkt/Paypal get on the cus
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by CryptoUnchained 6y ago
2 things are about to happen in the bitcoin space. The size of transistor in the bitcoin miners is hitting a wall. The bitcoin market will either drive alternative energy efficiency in the chase of profits, or it will drive new technologi
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by CryptoUnchained 6y ago
Wastes enormous amounts of energy... The energy is literally being stored in the value of bitcoin. It's an energy credit. People are transforming excess electricity into bitcoin. Period. What do I do with my profits from mining bitco
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by CryptoUnchained 6y ago
The nonce-calculations are what makes bitcoin an energy credit. It's why it's a valuable digital asset and commodity. If it cost ZERO dollars to create bitcoin it would just be fiat... useless inflation adding zero value to curr
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by CryptoUnchained 6y ago
You're so angry about the greenhouse gases that you're completely missing the logic behind an energy currency. You complain that the energy and dollars are spent speculating because you're flat out ignoring that miners are r
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by CryptoUnchained 6y ago
1. Bitcoin mining is a race to cheap power, it's of course going to lead to more efficient power delivery technologies. Excess energy being created by hydrodams is being sold to fund infrastructure and to subsidize energy costs during