BTC is troubling from ridicules energy needs,
Because the speculators pushed the prices up, this problem is never resolved.
And thus now we are with a very slow and ineffective bock-chain.
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BTC is troubling from ridicules energy needs,
Because the speculators pushed the prices up, this problem is never resolved.
And thus now we are with a very slow and ineffective bock-chain.
Yes, I believe so too, it's quite scary when the market value rises so much as it has been doing for the last year, because the mining energy consumption (measured in fiat) will grow (slightly delayed) linearly with the bitcoin value - and that's not sustainable. Even if the market price stabilizes at the current level, bitcoin mining will drive up energy prices worldwide, possibly enough that ordinary folks may get upset from this.
This is why I believe Bitcoin will kill itself. Something needs to change within Bitcoin itself or one of these hard forks may be able to take over. It needs an improvement
Do you think that Bitcoin will be disbanded To other currencies ???
I believe Bitcoin will just lose its value. I suspect this will happen sometime in the future, hopefully not in 2018. But when this happens, I believe many people will lose their money and it will end very badly. Bitcoin can not last forever. That should be clear to everyone. It will simply lose value because another coin fixes the issues associated with Bitcoin.
Bitcoin is like the first pancake. It’s not the best and you mess up on it, but the next pancake is better. And the one after that is better. Basically you end up throwing the first pancake away and use the others instead because they are better.
How is that for technical vocabulary! LOL