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<p>[QUOTE="chrisild, post: 2928281, member: 39"]Is that what he wrote? Anyway, the problem with such bubbles is that they may collapse at some point. And BTC has been much more volatile than assets that are not just based on hot air. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Besides, while the blockchain technology basically makes a lot of sense, Bitcoin "rewards" computing power: Currently BTC uses about 30 TWh electricity per year (extrapolated). Well, that was on 30 November; one month before it was 24 TWh/a. If Bitcoin was a country, it would be #61, in terms of <a href="https://digiconomist.net/bitcoin-energy-consumption" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://digiconomist.net/bitcoin-energy-consumption" rel="nofollow">energy consumption</a>, in a global ranking. And, again extrapolated, based on its current usage growth, it would use more energy than all countries combined in early/mid 2020 ...</p><p><br /></p><p>Other blockchain currency models, such as Ethereum or Burstcoin, work a little differently. From what I have read (superficially, I admit), Burstcoin will give out "coins" depending on how much memory you dedicate to it. Could help reduce or at least stabilize the energy consumption.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 2928281, member: 39"]Is that what he wrote? Anyway, the problem with such bubbles is that they may collapse at some point. And BTC has been much more volatile than assets that are not just based on hot air. ;) Besides, while the blockchain technology basically makes a lot of sense, Bitcoin "rewards" computing power: Currently BTC uses about 30 TWh electricity per year (extrapolated). Well, that was on 30 November; one month before it was 24 TWh/a. If Bitcoin was a country, it would be #61, in terms of [url=https://digiconomist.net/bitcoin-energy-consumption]energy consumption[/url], in a global ranking. And, again extrapolated, based on its current usage growth, it would use more energy than all countries combined in early/mid 2020 ... Other blockchain currency models, such as Ethereum or Burstcoin, work a little differently. From what I have read (superficially, I admit), Burstcoin will give out "coins" depending on how much memory you dedicate to it. Could help reduce or at least stabilize the energy consumption. Christian[/QUOTE]
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