Bitcoin price: 2013 “too expensive” 2014 “too expensive” 2015 “too expensive” 2016 “too expensive” 2017 “too expensive” 2018 “too expensive” 2019 “too expensive” 2020 “too expensive” 2021 “too expensive” Bitcoin is always “too expensive” for those who don’t believe.
s/graph/chart bitcoin is not a last resort user of electricity. 75% of mining is in china sited next to baseload coal plants and runs nearly continuously
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Let’s make this simple, industrial chemical manufacturing is top electricity consumer Electronics manufacturing uses is a top user as well I grew up in a time when fridges, TVs & cars were rare & humans survived just fine, should we go back to the store age?
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technologists should have efficiency as a design requirement for anything that supposed to go mainstream. my problem with bitcoin maximalists (and others) is they are trying to mainstream an idea that can't be scaled while sweeping the efficiency problem under the rug.
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bitcoin is a replacement for neither!