15500 dollars for a bitcoin, that's a lot of money and some people speculate that it will hit 40000 and 100000 soon. That would be great for crypto investors like myself. But it actually isn't.
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Bitcoin is the most expensive and energy hungry tech in crypto currency world. 2017 ends with bitcoin being in need of 31terawatt of power in a year. That is more than most of the countries in the world need, more than 150 countries to be exact. Even worst than that BTC is going to need more power than the world needs in order to run in 2020. That is stupid... Moreover there is no actual way to change that. Or i should say forks are trying to change that, but BTC consumes more that it ACTUALLY worths. So my personal opinion based not in economics but mostly based in preserving the needs of our kind is that BTC has to cease to exist, it created the beginning for a new kind of trading money and economic understanding. But it is not worth preserving. The other cryptos which in many cases are not ready to give what they promise but in the future are going to be, since they are updated frequently (something that BTC doesn't do) will be able to take it place in a very easy way. What is left is for the BTC to get out of the picture.
I am sorry to all those that do love BTC, i am a crypto enthusiast myself but i find the whole thing getting out of hand and actually becoming dangerous to our energy needs.
Source Links: http://www.businessinsider.com/bitcoin-is-ruining-the-planet-2017-12?utm_content=buffer994ff&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
You can find more articles of mine here: @diasdr For all personal thinking content, i am sorry if you find it in any way offensive, i didn't mean to offend anyone just to discuss/express my opinion.
