ETN just blew up. I mined 63k of it back in late 2017 and thought it was crapcoin. Worth around $800 right now. https://www.coingecko.com/en/coins/electroneum
For some of you Bitcoin maximalist who love to compare it to gold somehow fall short understanding why gold is so valuable. Bitcoin is not scalable. Stop trying to scale it. You can't scale gold. Sure you can buy paper gold, but there is plenty of 'paper' Bitcoin floating out there too. If you buy paper, you're a dumbass. You're going to get wrecked because there is someone smarter out there than you. Thats why we have savings accounts, ETF's and mutual funds. There is a reason why the block size is 1mb and block time is 10min average and requires 121.36 terrawat hours. 10 min block time is very expensive. And considering it requires 3-5 blocks to confirm. Bitcoin was never designed to scale. Its only purpose is to hold value. A global currency has little value w/out some form of a decentralized financial market. If it makes you feel better to change the name of Solidity to Scrypt 2, knock yourself out.
financial instruments are legal constructs, they can't be decentralized Ethereum moves from one failed scam to another. First it was ICOs, then the DAO, then DApps. Now DeFi. Once the Ethereum 2.0 rollout implodes, that will likely be the end of the line. Bitcoin can absolutely scale payments, the lightning network is already proven. have fun staying poor
Why 40% only? Because economics incentivises use of non-renewable sources as well. Hydro dams takes time to build, coal and mazut are the next cheapest sources. Chinese farms setting up in iran aren't using renewables. If btc keeps going up, more non-renewables will be burned, in addition to renewables that can be generated at price that makes sense for mining. Why will future solar farms only stop at only using excess power to mine bitcoin, why not use all the power? The only limit is btc price and asic production.
There is so much misunderstanding about Bitcoin. Its a mathematical formula, not some grand idea Satoshi came up with. Bitcoins price and hash rate are tied together. Value of bitcoin goes down, least profitable miners find something else to mine or go offline. If it gets to 500k or 1 million, this means massive corporations and governments have gone all in. I wouldn't be surprised if nuclear power plants would be built in very remote areas just to mine Bitcoin if it ever reaches that level.
Ukraine plans huge cryptocurrency mining data centers next to nuclear power plants https://www.datacenterdynamics.com/...ining-data-centers-next-nuclear-power-plants/
I did answer your question. It wasn't the response you wanted to hear. The bitcoin network can only do 4.6TPS. That is incredibly slow. It doesn't matter if there are half a billions lightening nodes. These nodes have to settle up on the chain on entry and exit. And for it to work, TX fees have to be stable. Bitcoin is very susceptible to an equivalently of a DDOS attack on the TX layer. There cant be an x value for TX fee one day and a x*10 the next day because Iran wants to flood the network with transactions. We may reach a time where everything is pegged to a Sat. But day to day payments will be settled on one of thousands of different options.
Too much good is happening with it right now, we're going to $69,420 soon. MARA, RIOT and the other sucker fish stocks are also on FIRE.
Ive unloaded a couple I considered worthless up to this Bull market because I don’t see them moving again until the next Bull run. Look at the use case and pricing history. Crypto is starting to become mainstream and dead or uses less coins will start to get cast off.
