Quote:
Originally Posted by Zimmer4141
What I want to know is what is the endgame of Bitcoin.
Bitcoin already consumes 1.8% of the world's electricity consumption. From what I can gather, as we get closer to every available Bitcoin being harvested, power consumption goes up and marginal reward goes down. Electricity still costs money mannnnnn and has a marginal societal cost to all of us. If our global currency consumed 80% of our electric consumption, I think people would get together and figure out a better system for our collective environment.
this 1.8% number is staggering
i dont even get what is meant by "every available bitcoin" being harvested. who is deciding? is there a physical limit?
the farthest I can understand is that it currently has value simply because there is a market which agrees it has value (true for anything people want to use) which is one step more than most people, but that's about it. ill keep up with where the train is but im not riding it