HyperTangled81 on Nostr: Somehow, I no longer see my previous note, here it is again: Energy cannot be lost, ...
Somehow, I no longer see my previous note, here it is again:
Energy cannot be lost, nor created, it can only be transformed. This means, using electrical energy to mine blocks and get bitcoins to add to the circulating supply does not "waste" energy. It only means that we transformed electrical energy into digital energy. Thoses bitcoins will forever hold a certain amount of energy.
Note this: Those bitcoins may become worthless ONLY when our products and goods will be worth more than the amount of energy that was put into creating thoses bitcoins. At that point in time, Bitcoin may still serve as a medium of exchange for the less fortunate. But this is too far for me to imagine what it's really gonna look like.
Yes, I believe #bitcoin will eventually be worthless. We may never see this day, but it will happen. One day, everyone on earth will be self sufficient and will still be able to thrive because everything will cost pratically nothing.
I'm no mathematician but this may be extremely far fetch! 😅
Energy cannot be lost, nor created, it can only be transformed. This means, using electrical energy to mine blocks and get bitcoins to add to the circulating supply does not "waste" energy. It only means that we transformed electrical energy into digital energy. Thoses bitcoins will forever hold a certain amount of energy.
Note this: Those bitcoins may become worthless ONLY when our products and goods will be worth more than the amount of energy that was put into creating thoses bitcoins. At that point in time, Bitcoin may still serve as a medium of exchange for the less fortunate. But this is too far for me to imagine what it's really gonna look like.
Yes, I believe #bitcoin will eventually be worthless. We may never see this day, but it will happen. One day, everyone on earth will be self sufficient and will still be able to thrive because everything will cost pratically nothing.
I'm no mathematician but this may be extremely far fetch! 😅