/biz/ - Business & Finance

>>4883149
>Would you say then, the reason Bitcoin's price is increasing is due to market demand?
Yes. It has no inherent value - it doesn't even function as a means of payment.

Perhaps there is something to the whole store of value meme. We will see. But it only remains a store of value for as long as people buy into it (i.e. demand), which feels a bit weak given how many other cryptocurrencies it has to compete with in the long run.

The whole electricity consumption thing is mad. Real coal and gas are being burned, real man hours are being spent manning power plants, actual resources are being consumed to 'mine' a digital currency. I just don't see how this can be justified going forward when there are far more efficient alternatives. The BTC dev team could in theory change this but the whole system is so sclerotic and the autists running it so stubborn that they'll never agree to such massive changes

>>4720000
The bitcoin autists are too stubborn to agree on any changes to make it better either

It's only a matter of time before it's dethroned

pic related

>>4698405
new tech supersedes old tech

brand name won't keep BTC at the top forever

>>4683312
another this for this guy

fpbp

>>4683220
>1 million bitcoin by then

>>4682910
so your solution to the scaling problem is to centralise it?