Bitcoin Might Be No More by 2020 If Its Power Consumption Is Not Dealt With

The Christian Post ^ | May 20, 2018 | Janna Dela Cruz

[justa-hairyape]

CO2 production. That will be the way the deep state squashes it all. Berkley just declared a climate emergency. ....Red siren.... We must take a world war two stance and fight Climate Change. Yes they apparently will be killing people soon in gas chambers and concentration camps. Instead of the Star of David this time they will look for the size of your carbon foot print. We have always been at war with climate change. No bitcoin for you.

[backwoods-engineer]

They are conflating the mining of bitcoin, and the processing of transactions (e.g., purchases) on the blockchain. Therefore, such estimates are useless. The power consumption of the mining of Bitcoin will be self-limiting as it becomes less than cost-effective to do so.

[taxcontrol]

Yes, it IS a very good analogy. Especially since the percent of services that are offered over the internet are increasingly being paid for with crypto-currencies like Bitcoin.

[catnipman]

“Especially since the percent of services that are offered over the internet are increasingly being paid for with crypto-currencies like Bitcoin.”

that’s the propaganda, now for some facts:

total e-commece sales in 2016: 322 billion dollars.

https://www.statista.com/topics/2443/us-ecommerce/

total merchants accepting bitcoin at an all time low:

“Out of the leading 500 internet sellers, just three accept bitcoin, down from five last year.”

http://www.businessinsider.com/merchants-arent-accepting-bitcoin-2017-7

[Koracan]

....since the percent of services that are offered over the internet are increasingly being paid for with crypto-currencies ....

This reminds me of a very old story

The Theft of Smell
Ahh," the poor man said to himself after taking a whiff, "I may have no money, but at least I can enjoy the delicious banquet of aromas of baking breads and cinnamon cookies."
The greedy baker, still angry, started shouting to the Judge: he smells the aromas of my cooking without paying for them.
The judge took a bag of silver coins and shook it vigorously, "Do you hear that sound?" to the Baker.
Yes!, "Then, the Sound is your payment for the theft of Smell!

[taxcontrol]

https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies

[taxcontrol]

https://www.coindesk.com/8-banking-giants-bitcoin-blockchain/

To that list you can add JPMorgan and Bank of America

[elbook]

in a few years the Quantum Computers being developed will make it irrelevant (one of the few classes that new technology is capable handling of is quickly doing the kind of calculations the crypto-currencies are based on)

[Muntic0re]

I knew that BTC has no future so I started investing in ico project. I found out about Memority project thanks to ICO Pulse source. It helped me make a decision. It contains details of carrying out token-calls, ICO rating, description of projects, teams and many other things. Moreover the rating of Memority is very high.

[segmenten]

This forecast did not come true! By the end of 2020 and now, Bitcoin has strengthened even more!