BitCoin article for adults

[Hobosapien]

... the big rush into we're seeing now is Joe public clambering in while it's still relatively cheap ...

While they're seeing mad gains. Easy money attracts dumb investors.

Smarter investors tag along and get out while there's still dumb investors to sell to.

[Hobosapien]

Mining for BTC requires serious power. That is something that needs looking at ASAP.

Surprised the green lobby aren't up in arms about the damage it's doing to the planet.

So while the algorithm is designed to allow a finite amount of bitcoins to be mined, the reality is that it becomes uneconomical way before that limit is reached so the actual limit is not far from where it's at now.

Hence the value shooting up as more people want to make a quick buck, basic supply and demand. Though who is selling them their coins if it has such a great future and an investment worth 'hodling'?

[Jog On]

Surprised the green lobby aren't up in arms about the damage it's doing to the planet.

So while the algorithm is designed to allow a finite amount of bitcoins to be mined, the reality is that it becomes uneconomical way before that limit is reached so the actual limit is not far from where it's at now.

Hence the value shooting up as more people want to make a quick buck, basic supply and demand. Though who is selling them their coins if it has such a great future and an investment worth 'hodling'?

The exchanges and people on P2P networks (bisque). Scooter was selling some last week. I might cash some out soonish as well.

[_V_]

I think it's important to differentiate between bitcoin vs blockchain. Also the PoW coins vs PoS coins.

https://www.ccn.com/bitcoins-future-...proof-of-work/

Worth reading this too.

https://www.kaspersky.com/blog/bitco...-issues/18019/

[Agent]

Surprised the green lobby aren't up in arms about the damage it's doing to the planet.

So while the algorithm is designed to allow a finite amount of bitcoins to be mined, the reality is that it becomes uneconomical way before that limit is reached so the actual limit is not far from where it's at now.

Hence the value shooting up as more people want to make a quick buck, basic supply and demand. Though who is selling them their coins if it has such a great future and an investment worth 'hodling'?

A strange comment, 'who will sell when it will be worth more in the future', that's economics 101, people will always buy and always sell, it's the way an economy works.

It's another 100 years until all Bitcoins will be mined, think about electricity production and renewable energy advancements during this time. In the UK alone in 1920, 99% of all energy was from coal, in 2016 that figure is 10% - with the increase in nuclear, hydro, wind, solar, biomass etc there's no telling where our energy will come from in 100 years time and how much it will cost. One thing is for sure, things will advance, and become more efficient. Add on to that, 100 years of GPU and CPU advancement, it's some unimaginable that it doesn't even warrant worrying about.

[glebe digital]

The way I see it, anything that was originally worth nothing, will eventually return to zero. Even mud has a price & some intrinsic value.

Looking forward to the end of the current unpleasantness, and will probably laugh an awful lot at the sob stories.

[_V_]

The way I see it, anything that was originally worth nothing, will eventually return to zero. Even mud has a price & some intrinsic value.

Looking forward to the end of the current unpleasantness, and will probably laugh an awful lot at the sob stories.

Dailymail sad faces to follow....

https://dailymailsadface.tumblr.com/

[Platypus]

FrontEndLoader,

the first sentence of the article,

"Bitcoin has made many skeptics, myself included, look silly this year.",

is not the conclusion.

Your homework for tonight is to develop the patience and persistence to read a whole 5 minute long written article.

Good luck, our ultimate goal will be you reading a whole LadyBird book.

Milan.

Milan, I have signed up for Seeking Alpha, and I read lots of articles on there. They are mostly written by amateur pundits looking for clicks to make money. They are mostly wrong about most everything. But bear in mind that a stopped clock is right twice a day.

#JustSayin

[Hobosapien]

... It's another 100 years until all Bitcoins will be mined ...

It will be a lot sooner than that when all these 'mines' are closed and they move onto something else.

[glebe digital]

It will be a lot sooner than that when all these 'mines' are closed and they move onto something else.

Surely that last coin will take infinity to never actually be mined, and an infinite amount of energy? Sounds like trouble.