Post
Topic
Board Bitcoin Discussion
Re: The ugly side of Bitcoin
by
Xising
on 07/05/2019, 08:41:26 UTC
We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming  Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?

Well, I would say that amongst all similar assets that can be held upon, Bitcoin is really one of those that has a lot of ugly sides so to speak because all of its characteristics have been given that negative image from when it started. Many of its characters can be considered a double edge sword that can be good or bad at any given situation, it's just up to the user himself to know what and when to do the correct actions in order to make those characteristics work for him to get good profits. Also, as much as Bitcoin having its ugly, we cannot discount the fact that it also has a lot of good sides in it that can be capitalized upon in order to get good returns and profits. It's just a matter of knowing what to do, which can be had through continued gathering of knowledge and experience.