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RE: What The Next Crypto Bubble Will Be

in #crypto6 years ago (edited)

This video is a subterfuge torpedo attempt by the maintstreet media on Cryptos saying it uses too much electricity. However, they never discuss how FIAT costs much more in vaults, brick and mortar banks, security systems, fraud, central bank systems, dollar printing, cost of exchanges to the poor trying to send money via the criminal Western Union....not a balance viewpoint, IMHO.

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Every viewer sees it's own reality. What I found interesting in the video is the fact that for those infrastructure providers regarding mining, if for whatever reasons the bubble would implode and mining wouldn't be needed anymore - there are other sectors (like AI) where computing power is needed, which indirectly will help crypto mining by reducing the risks.

Implode and mining not being needed is possible but not probable and there's a big difference between the two.

I'm aware of that. Both options are very unlikely for me at this point in time. And I shared the video to showcase the investments being made into mining in the US.