By February 2020, Bitcoin will use as much electricity as the entire world today
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It has high transaction fees to pay miners, scalability issues, slow transaction time, and unsustainable etc. It's also becoming very centralized and it was said that the majorityof bitcoin is in the hands of a few.
Another cryptocurrency that can solve its issues will take over by then. Perhaps IOTA, vertcoin or even raiblocks will take over.
Another cryptocurrency that can solve its issues will take over by then. Perhaps IOTA, vertcoin or even raiblocks will take over.
Yes. According to an Islamic scholar Joe Bradford with a masters in Islamic finance.
https://www.joebradford.net/a-note-on-bitcoin-and-the-epistemological-foundations-of-islamic-law/
Also Sheikh al-fawzan in arabic says its fine as well
Bitcoin is hyper inflated by a few ppl who keep selling it back and forth to each other, that's why u see it skyrocket, their goal is to get as many ppl to buy into it and once they fool the sheep's to trade in at an astronomical rate, they're gonna cash in on those xoolos and leave them with nothing, bitcoin isn't backed by anything, it's made up from thin air just like the VC currencies of NBA 2k series
It's not made out of thin air. Miners use computational power and electricity to solve computational problems Erich allows them to store the bitcoin on the blockchain, they get an amount of bitcoin as a reward for solving the problem (transaction fees). In theory it sounds great but what's actually happening is the miners are becoming large centralized power plants that are accumulating so much bitcoin as well as other problems that comes with that. But cryptocurrency is not a scam entirely. It's just at the beginning stage and needs to be improved on.Bitcoin is hyper inflated by a few ppl who keep selling it back and forth to each other, that's why u see it skyrocket, their goal is to get as many ppl to buy into it and once they fool the sheep's to trade in at an astronomical rate, they're gonna cash in on those xoolos and leave them with nothing, bitcoin isn't backed by anything, it's made up from thin air just like the VC currencies of NBA 2k series
Who is the creator of Bitcoin?Bitcoin is hyper inflated by a few ppl who keep selling it back and forth to each other, that's why u see it skyrocket, their goal is to get as many ppl to buy into it and once they fool the sheep's to trade in at an astronomical rate, they're gonna cash in on those xoolos and leave them with nothing, bitcoin isn't backed by anything, it's made up from thin air just like the VC currencies of NBA 2k series
The other day I read about a Dutch guy with a family of four. He sold everything including their home.It's a fucking AI
RasCanjero-
Self imposed exile
It's a fucking AI
Genius way to get all the computing and energy resources an AI would need to start Skynet.
The network probably already bypassed all the supercomputers in operation today...combined.
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