Post
Topic
Board Bitcoin Discussion
Re: Evolution of currencies
by
manish9841
on 01/05/2018, 21:09:18 UTC
First, humans exchanged commodities. You could eat it, burn it for energy, modify it to create tools or jewelry. You exchanged something useful for something useful.

* It was energy.

Then, humans exchanged commodities for gold. You couldn't eat it or burn but it was still possible to modify it.

* It was poor energy.

Then, humans used papers checks or bank notes. It wasn't very useful, but you still could burn it during a very cold winter.

* It was very poor energy.

Now, we wants to use Cryptocurrencies. You can't do anything with it.

* It is not energy but proof of destruction of energy.

Something looks wrong. We should exchange potential energy, not destroyed energy.

You are correct to the some point that the energy consumption is enormous and this raises the sustainability issues. However, be informed that researchers are putting constant effort to find a way.