Great read here @kevinwong, I agree on that Steem is more invested and linked with people while most of the other cryptocurrencies do not have other value propositions. That is great in one way as it has its unique point to stay relevant in the future. I myself is not a technical person to understand crypto works, but then after immersing myself in Steemit and other platforms, slowly catching up.
Bitcoin relies too much on expensive energy. The protocol would need something like a Dyson Sphere in 10 years if the rising power requirement remains on its current trajectory.
The mining infrastructure will definitely evolve, but how it migrates to the next generation mining infrastructure is the key to see which cryptocurrency will become obsolete. Helpful info for a layman like me :)
Thanks!
Yeah I've thinking, what happens if there's a sudden breakthrough in cheap, intensive, and renewable energy? Imo, BTC generally has price support because miners wouldn't sell lower than the cost involved.
Btw, which other communities in the sphere you're into?
Welcome bro, for now is 98% Steemit while 2% of exploration, reading white papers. Recently, I came across open source university backed by its own crypto and also Mindsport that use its own crypto to support the board game platform. Likewise, if it is purely analytical and technical involvement, there is a barrier for me, so didn’t put time for that 😂
Ya, true, but no one can tell. Have to wait and see. Yet, interesting to keep an eye on.