Quote:
Originally Posted by Ninetales
This is similar to what's been said since the beginning, but that's not how it works. If you're mining anything on a blockchain (whether it's cryptocurrency or not), you're betting on it costing more resources tomorrow to mine. And every further link in the chain does get more resource intensive to build.
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Perhaps - but that's how the current proof-of-work model operates. There are other algorithms and models that are being worked on and researched. We're still in the early days of adoption with immature infrastructure - so of course, it isn't optimized yet.
You're betting that it will scale up and expand but the underlying technology and energy sources will remain in stasis. Cryptocurrency, with greater adoption, could very well be a boon to renewable energy infrastructure and accompanying political solutions.
The last 10 years of cryptocurrencies' usage and implications aren't a good predictor for what the future holds.