A techno-economical treatment in Bitwine – Bitcoints

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Published on July 7th, 2018 | by bitcoin

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A techno-economical treatment in Bitwine

A techno-economical treatment in BitwineSome famous bitcoin fortunes include: Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Indeed, the only way for the price of bitcoin to go to zero, as pundits are fond of hypothesizing, would be for bitcoin to stop being useful or scarce.
Furthermore, as the price of bitcoin continues to increase, the cost of this electricity will continue to increase, roughly tracking the percentage growth in the price of bitcoin.
Clearly bitcoin is unparalleled in this regard.Decentralization:As we explained above, no one is in control of the bitcoin network.
Indeed, drugs are a potentially instructive example in understanding the price implications of a widespread legal crackdown on bitcoin.

Source: Medium.com

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