AndyH
Posts: 6329
Joined: Fri Apr 23, 2010 3:43 pm
Location: San Antonio

Re: Cryptocoin?

Mon Dec 04, 2017 11:39 pm

https://www.cbsnews.com/news/winklevoss-twins-become-first-bitcoin-billionaires/

Indeed, bitcoin's growth is extraordinary, with a market capitalization that exceeds $191 billion, according to Coinmarketcap. Among blue-chip stocks now valued less than that are iconic burger chain McDonald's (MCD) at $138 billion), investment bank Morgan Stanley (MS) at $95 billion and retailer Target (TGT) at $34 billion. Bolivia's GDP last year was $79 billion.


What's amazing about this growth is that BTC's still in the inflationary stage as new coins are added to the system with every solved block. We're down to 12.5 BTC per block now after the 3rd halving. Once the entire 210,000,000 coins are released, the deflationary stage begins. There are somewhat educated guesses that the price of 1 BTC could approach $100,000 in 4-6 years. Hang on tight!
"The stupid become extinct."-Bill Mollison

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WetEV
Posts: 1781
Joined: Fri May 04, 2012 8:25 am
Delivery Date: 16 Feb 2014
Location: Near Seattle, WA

Re: Cryptocoin?

Thu Dec 07, 2017 9:24 am

Electricity consumed per transaction (KWh) 250.00


https://digiconomist.net/bitcoin-energy-consumption

Bitcoin has a serious energy transaction cost problem.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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