Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations
Quote from: stompix link=topic=5221226.msg53729601#msg5r 3729601 date=1580292791
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Users didn't request these consumption levels though their security benefits from them.Oh, but they did!
When you want BTC to reach 20k$ prepare for the consequences
It's normal.
Do you think that people would be doing that much illegal logging if trees would fully grow in 3 months?
Do you think we would have hundreds of coal mines if seagulls would just poop coal?
Miners mine because there is $ to be earned, simple.
The reward is meant to protect the network, if the reward is big, the network would be better protected but...as I said there are consequences.
It's the same as those wishing for gold to hit 25k.
Guess what will happen to the gold mining industry!
It would be interesting to compare it to industries or companies rather than countries to see where it stands.
If someone does this, please compare something the size of bitcoin in terms of usage, not the whole banking system who is serving 3 billion people.
And if you go by the logic, yeah Bitcoin can be used by 3 billion people, when that will happen the price would probably be x1000 and we're back to square 0.1
PS.
No, I don't believe PoS is a solution and I dislike it far more than PoW