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Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 8:58 am
by Rachael
I am researching for peoples who are interested in Bitcoin mining.
The thing is everyone has different opinions on this point.
And then what do you think?

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 9:16 am
by Rachael
In a word,Bitcoin mining is good in social life.
The word “bitcoin” is as likely to garner feverish excitement as it is glaring criticism.
Bitcoin is certainly consuming the amount of all energy and an increasing amount of power worldwide.
Thus,that is surely good.

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 9:23 am
by Rachael
Sadly,every good thing about bitcoin has an bad one.
If people start to on average sell more bitcoin than buy it, the value will erode, and can in principle erode to zero.
I think this is one of the disadvantage.
...

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 9:32 am
by Rachael
Bitcoin is dirty.
Really that is dirty.
Although bitcoin mining produce a lot of power,that power would be sent somewhere else to be used.
Some CO2 of power about bitcoin mining affects in social life,I think.

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 9:40 am
by Rachael
Bitcoin is incredibly secure.
:) Most of the time, people talking about “hacking” when it comes to cryptocurrencies have no idea what they’re talking about.
With bitcoin,you trust in the code,the protocol and mutually-beneficial incentives.
Secure!

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 9:58 am
by Rachael
Bitcoin is like big oil.
In the future,bitcoin is the biggest enemy against climate change and environmental movement-just like oil.
At this point,that affects in social life.

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 10:04 am
by Rachael
Bitcoin is very design and deflationary.
When you buy bitcoin, you can be pretty sure that it will be more valuable in the future, because there’s a fixed supply.
Then,good...

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 10:09 am
by Rachael
Now, bitcoin mining is exploding in areas with cheap power, like the Pacific Northwest.
Power there is mainly cheap due to the massive availability of hydropower, a low-carbon resource.

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 10:16 am
by Rachael
Global electricity consumption is going up overall.
Thus,this problem will be solved by bitcoin mining.
As a result of this,bitcoin mining is the best one of the advantages in social life.

Re: Bitcoin mining in Social life - good or bad

Posted: Wed Aug 21, 2019 10:28 am
by Rachael
Now,the good things.
It is that the bug has never been exploited in any way.
Right?