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RE: No bitcoin is not going to ruin our planet within the next couple decades

in #bitcoin6 years ago (edited)

indeed!
I believe that big batteries can be a game chasnger...imagine what Tesla type batteries that moves trucks can do to bitcoin
Having said that will lower the cost of energy of creating 1 bitcoin thus lowring the price of bitcoin itself in what I believe will be the bitcoin bubble...
Already small miners are turning it off and I believe when enough miners turn of their machine we will see a 3500 bitcoin soon...
the less energy cost the lower the price...
plus the miners mine because of the rewards and the rewards gets halved every 4 years making mining unsustainable in the long run unless the energy method is changed by hydro, solar, lithium or the combo of all of them
A tech innovation is needed and I mean a new energy generator product is needed where it must be self propellant, recyclable and cheap

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The thought is that either prices will have to go up significantly over time to make it worthwhile to keep mining it or it will simply go away because mining costs became too expensive. Talk about the ultimate lotto ticket of an investment!

I believe innovation will step in before that happens and we might even see all 21 millions mined by this century
They say the necessity is the mother of all innovations ;)
it is gonna be ok in my opinion