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RE: When the Miners stop

in #cryptocurrency6 years ago

It's been shown that printing money and even just minting pennies takes more energy and resources than Bitcoin.

I haven't seen anything backing this -- but I wouldn't be surprised if it were accurate. I think people often forget that the metal coins and paper notes they use have to literally be mined/refined/cast/processed/counted/distributed to be used -- and a similar, though different, process for paper/trees (or plastics for todays polymer based notes).

I agree with you that probably, the problem is severely overstated -- and likely for selfish reasons on the part of traditionalists / banksters. That doesn't change the fact though, that there appears to be a more sustainable solution (and like all things, probably even better solutions to come in the future).

Good chat!

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Haha! Good chat indeed! Sometimes I forget I'm not even that bullish on Bitcoin. I'm holding zero Bitcoin right now and half my stake is in Steem. We are so undervalued it's not even funny.

I'll admit to being pretty ignorant about the rest of the "crypto-space"...

  • I've checked out Ethereum a little bit;
    • I found it a bit confusing and too slow to bother fucking around with (though I do have a couple Crypto Kitties -- and was excited about a VR project on there);
  • I have yet to purchase anything with Bitcoin other than other coins (and maybe some drugs before it was legalized in Canada -- but that's probably not true);

Throughout my life I find myself getting swept up in trends / fads / other stuff that eventually becomes popular (at least where I live). I think the fact that I'm on here, interacting with people via blog posts, polls, card games, videos, streamcasts, photos, and other stuff (as well as developing my own project) is evidence to the utility (or at least functionality) that Steem has.

It certainly seems like it's the most accessible coin/token/project out there. It might be a bit confusing, but I think that's par for the course for the entire 'crypto-space' (of which, again, I know very little about).