The emergence of the internet's native currency. The shift from the industrial era to an information and service economy has different parameters by which to measure value.
Bitcoin Price Thread
- Thread starter Magna
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The emergence of the internet's native currency. The shift from the industrial era to an information and service economy has different parameters by which to measure value.
But it is still air, it has to be seen in relation to other things. You can be sure there will always be gold, will there always be internet / civilization even ? (we are currently destroying the planet in a fast pace)
I have never seen any evidence of sustainable renewable energy as a replacement for the current total energy usage.
Do you include mining for gold as activities that are destroying the planet?
Because you are uninformed does not mean it doesn't exist.
https://www.climatecouncil.org.au/11-countries-leading-the-charge-on-renewable-energy/
Ofcourse but it has nothing to do with the price of BTC or Gold, right ? The civilization thingy was a point about the fundamentals of BTC vs Gold, and therefore the relative value to one another.
That is a nice blogpost but those issues go ALOT deeper. And no, I dont think E. Musk has those answers.
I said nothing about value. Was just asking if you only had a problem with electricity being used to mine btc's while not looking at what is done to the environment by precious metals miners.
My guess, because unlike many others I'm never quite so sure about things in areas I have no expertise, btc mining is less damaging. But who knows really.
Not following why you are invoking Musk.
Bitcoin (btc) is $285B MC right now. Quick answer is that I'd rather own bitcoin. Have you considered the storage headache, maintenance costs (security requirements) of having that much shiny metal in a huge warehouse or many warehouses?
But to get back to your point, you diminish the value prop of bitcoin when you describe it as 1's and 0's. It's much, much, much, more than that. I can't do the research for you, there's tons of information on the internet and even here on many threads.
Here's JP Morgan research team doing some work for you.:
Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report