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Board Beginners & Help
Re: Can BitCoin change the world economy?
by
brinebold
on 15/04/2013, 15:01:00 UTC
No, it can't

because bitcoin consumes power to run
this is it's death flaw. or atleast its upper limit

unless satoshi comes with a system that doesnt consume power , p2p currencies are done for
Good thing the US Dollar and Euro don't consume electricity to produce, maintain, or transfer. Once block awards become infeasibly small and all the machines currently doing 'busywork' because there aren't enough transactions to process for useful work then BTC will be roughly as energy-efficient as any other virtual currency and several times more economically efficient than any physical currency.