I really hope BTC fails, but at this point shit talking bitcoin is pissing into the wind.
Agreed!i wish elon musk could keep his fucking mouth shut everything he says is fucking insider trading they need to fine that bastard billions of dollars fucking over his shareholders and everybody holding crypto.
No it is an intrinsic problem with POW currencies, at least with most of the schemes that use POW. It works like a lottery, and the vast amount of the work burned by miners is discarded to heat providing absolutely nothing of value. It's like a lottery where all the money gets burned, and the winner gets a very fancy pokemon card that they can optionally sell on ebay. No matter if the energy comes from coal, the sun, or a fusion reactor, it's still a massive waste of energy that could have been used for something that adds value.@perpetualdawn - Bitcoin's energy consumption problems are really not an intrinsic problem with proof-of-work cryptocurrencies, but a problem with the persistence of non-renewable, polluting energy sources in certain parts of the world - specifically China and it's heavy reliance on coal. Lots of things use unclean energy, the current digital underpinnings of fiat currencies and the stock market have an environmental load, albeit probably less than bitcoin mining at present, but this is only a problem as long as power is generated by environmentally unfriendly means. Computationally, brute force, energy hungry processing is easier to do than light, energy efficient programming, and although it's perhaps arguable in a way that more attention should be focused on the latter, a lot of things in our world would probably be a lot less developed and work a lot less well externally if this was the case. The focus on Bitcoin's energy consumption as a specific environmental negative seems to me strange.
Humanity is not going to last that long, the planet would be destroyed by then or we will have nuclear fallouton large timescales it is possible with even our current understanding physics say 100k to a million years. By that time we would of advanced alot. I do believe it will be our destiny to colonize the galaxy eventually. I reckon we will colonize another star system by the year 4000. Its pretty fucking crazy how far we came in the last 100 years and the 2000 years since Christ walked the earth humans have progressed at a insane rate. Even the last 21 years has been a huge change in our technology.
How far can we go?. It would be in good faith to quickly become a multi planet species incase the earth suffers a extinction level event. Which it could very well do in the next 1000 years.
How is it superficial grounds? It's not like I dislike him purely because he has a lot of money.Other than that - SpaceX and Tesla are some of the most exciting corporations to exist in a long time. A side effect of Musk's ego is that it seems to result in technologies which are already becoming a great benefit to the human race. I've said this before I'm sure so I won't bother going over it all again but I don't really get the desire to dislike people who have achieved great things, on seemingly quite superficial grounds.