"Mining" for digital currency requires computation. Computation requires continuous electric power. In order to mine new "coins" the computation becomes more complex and time-consuming...and power consuming. Others have done this analysis. The requirements are growing exponentially due to the nature of the mathematics and there will come a time when we simply do not have enough electric power to keep the blockchain calculations going and it all comes to a stop. An EMP only hastens the end. A bitcoin is not worth the paper it is not printed on. Market volatility is very high, because there is no commodity value. I can't even use a bitcoin as a coffee coaster. A cowrie shell has more commodity value than a bitcoin. A bitcoin is fiat currency for the paperless society.
Elephant dung was once used as ‘currency’. We’ll see how this works out. I think we have a power struggle between AI and BTC. Both use enormous sums of electricity and more each day. Both will stress the grid and force upgrades. Both cannot exist in the same space as currently configured.
"Mining" for digital currency requires computation. Computation requires continuous electric power. In order to mine new "coins" the computation becomes more complex and time-consuming...and power consuming. Others have done this analysis. The requirements are growing exponentially due to the nature of the mathematics and there will come a time when we simply do not have enough electric power to keep the blockchain calculations going and it all comes to a stop. An EMP only hastens the end. A bitcoin is not worth the paper it is not printed on. Market volatility is very high, because there is no commodity value. I can't even use a bitcoin as a coffee coaster. A cowrie shell has more commodity value than a bitcoin. A bitcoin is fiat currency for the paperless society.
Elephant dung was once used as ‘currency’. We’ll see how this works out. I think we have a power struggle between AI and BTC. Both use enormous sums of electricity and more each day. Both will stress the grid and force upgrades. Both cannot exist in the same space as currently configured.
Even if the source elephant has diarrhea ?
KEK