[quote=“kac-, post:3, topic:2839”]@willywithcoinnode
Pretty insane. Coal and heat are good, but not as a waste. BTC needs serious price correction, near to the level where mining will be just a heating alternative.[/quote]
I kinda like this approach. Sorry for going off topic beyond this line:
Bitcoin does not qualify as distributed store of value. Half of the net is screeming “Oh it’s currency. It’s nice.”
But the reality? I think most people still buy bitcoins and hoard them hoping for the next bubble.
Those charts provided by kac- seem to proof my point.
It’s volatality… block timing… 51% attack risks… mining centralization… immense power and energy going to waste.
I seriously think it’s time for something else.
On the other hand, I’m not willing to pull out of bitcoin by 100%, in case the somewhat inferior product will succeed once again.
The sooner the better, I suppose.