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by G3rn0ti
1941 days ago
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Well, Bitcoin was the first of its kind, it’s time and battle tested and technically it might still be the most reliable of all cryptos. Part of the reason for that is “Bitcoin script” not being Turing complete unlike Ethereum’s virtual machine and less prone to software bugs. People, especially newbies trust it much more than other blockchains. That’s why everybody buys Bitcoin, currently. I believe Bitcoin’s going to take on an important role in a value storage once it’s market value stabilizes. Essentially, it will become digital Gold. As the gold price didn’t “crash” to zero when it lost its utility as a currency, I believe we will never see a complete crash of the Bitcoin value. It will serve a niche application and, hence, keep having value. But it’s continued growth of its value will flatten over time in the future, I am sure. So I wouldn’t worry too much about its energy usage. |
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It's concerning to me that there's not even a "light at the end of the tunnel" as far as BTC's energy usage goes.