Monday, December 18, 2017

Cryptocurrency Update: Costs of Mining, Security, Cryptocurrency Fever

Costs of Mining
The Big Government push back against crypto-currencies and especially against Bitcoin is that it is a climate destroying energy waster.  This of course assumes that banking, money printing, and bureaucrats running the FED and other financial organizations don't waste resources.  In truth they destroy wealth regularly through inefficiency and incompetence and lastly in the form of taxation secretly slipped in by inflation causing currency devaluation and corruption.  Over time it seems that Bitcoin and other may actually add efficiency to the financial systems that have never existed.

For a Laugh
Can Bitcoin Kill the Planet 
Expect much more of this from the pro big government types that want you to think that the current system of financial payments is much more energy friendly.  The whole thing is a laugh.

Ten Security Issues Regarding your Bitcoin Holdings
 These is an excellent source of information.  In case he didn't mention it, no matter what you do don't keep your recovery seed and device in the same place.

Bloomberg Catches Cryptocurrency Fever
This is how it begins.  When it goes mainstream in ways such as this you should feel confident knowing that it isn't going away any time soon.  If anything, it's on the rise.

Just a quick note to those of you not paying attention.  Bitcoin hit 20k recently and is hovering around that price.


No comments:

Post a Comment

Followers

Blog Archive