Some crypto thoughts #1

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My views change based on expanding my thinking from constantly listening to different arguments and thoughts of others !

One of the recent changes to my thoughts on CryptoCurrency is the notion that proof of work is more valid than proof of stake or proof of value !

Don’t get me wrong I am 100% behind Bitcoin as a currency, however in a world where technology is expanding at such an exponential rate and new solutions are being found to solve problems in better ways I think that the way that Bitcoin is actually created through mining is fast becoming archaic and wholly inefficient when it comes to the vast waste of power and the resources required to make a Bitcoin.

When you think about it logically and consider all things being equal Mining for Bitcoin in its present way is kind of silly. Of course it’s not going to change and hardcore Bitcoin advocates will hate what I just said but the truth is there are better ways to create a global digital method of payment with different technology and without the need to use up electricity and pump more waste and greenhouse gasses into our atmosphere.

With all that being said I have invested heavily into Bitcoin mining and buy Bitcoin almost everyday.

Some crypto thoughts #1 | Ecency