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by rcxdude
949 days ago
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BTC mining is the exact opposite of scalable: there's a fixed supply of BTC available to mining, so you can only pay for so many nuclear power plants with it. Even the entire bitcoin market cap is about enough for 20 nuclear power plants, optimistically (and that's ignoring the cost of the miners themselves, risk, etc, etc). |
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Beyond that, bitcoin works and is here to stay. It is the first sovereign currency free from the tyranny of small minded rulers. It will always have significant and likely increasing value over time, and its pattern of value generation (bound to physics / energy) will always exist now in one form or another.