Re: BITCOIN IS DEAD! « 1 2 3 4 5 6 7 8 9 10 ... 95 96 97 98 99 100 » All
Have you eaten before commenting on Bitcoin.
Have you eaten before criticising?Topic is updated
BITCOIN IS DEAD!
Explanation
There is an energy and raw materials crisis all over the world (in connection with situation in UA). People in Europe are switching to coal. Ethereum swithing to a less energy-intensive model PoS
BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC
That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)
Bitcoin and Its Failing Technology
Ever since the day Satoshi Nakamoto first introduced Bitcoin to the world, it has raised many eyebrows. Right from its ambitious dream of becoming a peer-to-peer transacting currency, Bitcoin has always garnered a skeptical perception from financial pundits to technological experts.
On analyzing the history of Bitcoin, one can see a shift from currency to an asset exhibiting store-of-value properties. This transition has probably left the technology of Bitcoin to play catch-up. In a world as fast-paced as ours, Bitcoin's technology is running behind by at least five years.
Energy efficiency and scalability are two of the most severe issues Bitcoin faces. If not addressed, these issues could very well dethrone Bitcoin.
POW or Proof of Work is the core technology behind Bitcoin, and without delving deep into the technology, one can ascertain the fact that POW is not in the best interest of today's world. Recent studies show that energy consumption from Bitcoin mining around the world could equal the energy consumption of a whole country.
Moreover, if Bitcoin is to fulfill its true goal and be the currency of the people, as it was supposed to, it has to be more scalable. And scalability is one of the reasons that has hindered the mainstream adoption of Bitcoin.
Here are some of the coins which have the technological potential to be the crypto market leader.
https://toughnickel.com/personal-finance/5-Coins-that-can-be-Bitcoin-Killers
Explanation
There is an energy and raw materials crisis all over the world (in connection with situation in UA). People in Europe are switching to coal. Ethereum swithing to a less energy-intensive model PoS
BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC
That's why BTC is dead. In the conditions of the world energy crisis, it is becoming more and more difficult to mine BTC (especcially on PoW model)
Bitcoin and Its Failing Technology
Ever since the day Satoshi Nakamoto first introduced Bitcoin to the world, it has raised many eyebrows. Right from its ambitious dream of becoming a peer-to-peer transacting currency, Bitcoin has always garnered a skeptical perception from financial pundits to technological experts.
On analyzing the history of Bitcoin, one can see a shift from currency to an asset exhibiting store-of-value properties. This transition has probably left the technology of Bitcoin to play catch-up. In a world as fast-paced as ours, Bitcoin's technology is running behind by at least five years.
Energy efficiency and scalability are two of the most severe issues Bitcoin faces. If not addressed, these issues could very well dethrone Bitcoin.
POW or Proof of Work is the core technology behind Bitcoin, and without delving deep into the technology, one can ascertain the fact that POW is not in the best interest of today's world. Recent studies show that energy consumption from Bitcoin mining around the world could equal the energy consumption of a whole country.
Moreover, if Bitcoin is to fulfill its true goal and be the currency of the people, as it was supposed to, it has to be more scalable. And scalability is one of the reasons that has hindered the mainstream adoption of Bitcoin.
Here are some of the coins which have the technological potential to be the crypto market leader.
https://toughnickel.com/personal-finance/5-Coins-that-can-be-Bitcoin-Killers