Why I Quit Bitcoin – Bitcoints


Published on September 20th, 2017 | by bitcoin


Why I Quit Bitcoin

here’s why: while cryptocurrencies are undoubtedly a major breakthrough in human endeavor, I consider the first serious cryptocurrency to be a prolonged proof of concept.
It does the job, but other than managing a ledger, and occasionally granting a miner a bounty, it consumes enormous amounts of energy for very little returned utility.
I believe that the next wave of cryptocurrencies will displace the initial granddaddy of coins.
You can provide value (storage) and earn currency.
I expect that proof of meaningful work (computation, storage, human labor, transportation, physical goods, etc.)

Source: Medium.com

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