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RE: A Historical Perspective on the True Nature of Bitcoin

in #crypto7 years ago

I concur with your sentiments sir. I do however think that the "energy demand/cost" aspect to this whole thing is an important one. The Bushes, the Rockefellers, the Kochs, and many other deep state elite were instrumental in converting Petroleum production into a fascist-industry (meaning supported directly by the state in favor of others). PoW/BTC energy costs are exponentially increasing over time. Just analyze the block difficulty increase, and consider what will happen when only say, 1 million coins, remain to be mined. This will spur a wave of new demand, even though the costs will be prohibitive and the returns unlikely to be profitable, people will be going mad for a Bitcoin, that by John McAfee's estimates, will be pegged at $1mil USD by then. Look into the connections with the energy conglomerates and you will see, it's a bigger part of the plan than it seems on its face.