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RE: Bitcoin's Days Are Numbered

in LeoFinance • 3 years ago

No one is immune to time, not even bitcoin...
😂
The info on the mathematics of bitcoin is interesting. Not what I was expecting to read lol.

I'm like you in that I stopped doubting bitcoin. It has proven itself time and time again. I was a bit concerned though, when the EU was considering banning PoW because of the energy consumption argument. Climate change and the measures that countries agreed to after the Paris agreement and COP21 to reduce emissions, do not help bitcoin. The problem is with how we create energy not how we use it in my opinion, but still, cryptos based on PoW will be at risk going forward. Especially if things continue up to deteriorate as rapidly as they have been - weather-wise I mean.

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I think use of clean renewable energy will be explored and developed in bitcoin mining just motivated with better returns. I think we will see more of that in coming years.

I hope so. I think that switching to 100% renewable energies for everything is the likely long term scenario.