Topic: Will bitcoin destroy the world? - page 6. (Read 2014 times)
No, i dont think so.. Human always find their way to survive when it comes to source of energy. We can produce another renewal energy source. Human race might face some threat of extinction, and bitcoin is not one of them. Not a chance
If it is used as a single currency worldwide, you will see that most of printed currency is not needed anymore saving a lot of trees.
In my opinion, Bitcoin will certainly destroy the world, if you really use it the wrong way. 
For me it is not true that the BTC will destroy the world because the BTC is not doing something that will take an effect on the world.
Actually bitcoin won't give us a reason to destroy the world, we are just using bitcoin for our life to have a better future fo our family.
I dont think bitcoin or mining cryptocurrency can destroy the world. Technology always more advance and I am believe we can using alternative energy like solar energy. I think we should not worry about that because more energy used thats mean more economy growing
Bitcoin mining is based on very high energy costs and environmental costs.
One bitcoin =20 barrels of oil.
How many barrels of oil do you think the industry consumes every year?
10 barrels? 50 barrel?
Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.
Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).
In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.
One bitcoin transaction = one American family USES electricity a week.
According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.
Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.
The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.
What do you think about the energy consumption of bitcoin?
People should be responsible in using the bitcoin so that it will not destroy the environment. Yes bitcoin has a consumption of energy, but if we use it wisely we can also conserve enry. Don't waste orvused it over because it can cause a damage to our world.
Actually I don't really have an idea , but I think yes because if people learn use Bitcoin all over the world then no one will run the economy right?
All these figures flying here and there is not confirmable to be the energy consumed by mining bitcoin. What about banks and their systems how many energy are they consuming ? Won't that one destroy the world. What of the oil company exploiting oil and the energy they emit through gas flaring in Africa
what happens to that one also. I sincerely thinks that mining consumption is in watts and not kilowatts.
Its is not the bitcoin who can destroy the world, we are responsible of what will happen to the world in the future and we cannot blame bitcoin if ever it will suffer from huge crisis. If we put basis of what bitcoin have done to those who are in need maybe we cannot mind to ask those question that is against on bitcoin. what happens to that one also. I sincerely thinks that mining consumption is in watts and not kilowatts.
Bitcoin will surely destroy the world, if you have really use it in bad and abusive ways. As long as we protect it, and use it in eco friendly and good use, we help the world and ourselves as well.
It is said that the end of the world has said that for so long the world has not yet been destroyed, and it will not be too big for Bitcoin to back this pot. People who hate not knowing Bitcoin have been spreading negative news about Bitcoin.
Yes, I agree. Bitcoin doesnt and will never destroy the world. Even global warning could not destroy the world. These are all lies.This is just to confuse other people's thinking to destroy the good image of the bitcoin cryptocurrency and the bitcoin world.
All these figures flying here and there is not confirmable to be the energy consumed by mining bitcoin. What about banks and their systems how many energy are they consuming ? Won't that one destroy the world. What of the oil company exploiting oil and the energy they emit through gas flaring in Africa
what happens to that one also. I sincerely thinks that mining consumption is in watts and not kilowatts.
what happens to that one also. I sincerely thinks that mining consumption is in watts and not kilowatts.
They are very exaggeration thoughts. Bitcoin is just a coin. A valuable digital asset used as currency.
There are thousands of coins like bitcoin. It's a big step for the digital world.
Blockchain technology allows you to operate without being connected to a center. Thus transactions can be carried out directly between the buyer and the seller and safely.
There are thousands of coins like bitcoin. It's a big step for the digital world.
Blockchain technology allows you to operate without being connected to a center. Thus transactions can be carried out directly between the buyer and the seller and safely.
If people always think negative about Bitcoin they always think that Bitcoin can destroy the world. Yet Bitcoin logic has helped the economy of its users even make their lives so much better. We should be grateful to get to know Bitcoin and even make Bitcoin our daily work. Because I'm sure people who already know Bitcoin must have been very successful now.
There are many assumptions and negative issues about bitcoin. But I think Bitcoin is not the one who will destroy the world it is the people who living on it people who are so greedy and self centered. Actually bitcoin is not the destroyer it is the one will rebuild and help the progress of our economy.
You're talking about some of the anti-bitcoin rhetoric. Many of today's bitcoin mining is powered by green energy, such as wind, solar and water.
That's also my question. Will it destroy the world?
I love the idea of mining, staking and holding diff type of crypto but somehow I felt like I'm just wasting my time.
But i know for sure there something big happen.
I love the idea of mining, staking and holding diff type of crypto but somehow I felt like I'm just wasting my time.
But i know for sure there something big happen.
Mankind can product the energy not only from oil. There are wind energy, sun energy. Soon people will switch to this types of energy product.
When discussing about the various types of energy that is sure many of its kind, but when discussing the bitcoin can destroy the world it is not impossible in my opinion because of the bitcoin just became a virtual currency that recognizes not all countries in the world. Although there are some countries that recognize it
Bitcoin helps the world to be better and achieve its dream progress faster than you could ever imagined in your life. It changes the life of people in our world because anybody is free to join Bitcoin, users are now leading a better life. Rich or poor can earn money here. This is the best thing about bitcoin, free to all, it will not destroy our life instead it will give us financial freedom to enjoy life.
Bitcoin mining is based on very high energy costs and environmental costs.
One bitcoin =20 barrels of oil.
How many barrels of oil do you think the industry consumes every year?
10 barrels? 50 barrel?
Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.
Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).
In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.
One bitcoin transaction = one American family USES electricity a week.
According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.
Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.
The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.
What do you think about the energy consumption of bitcoin?
it seems like the numbers you have provided are quite exaggerated. However the main point is to focus on green efficient mining, same as goes for other segments where the substantial natural resources are consumed.
no.bitcoin will not destroy the world. it will never. instead, it will help the world to be better and achieve its dream progress faster than you could ever imagined in your life. it will change the life of every people in our world. bitcoin users are now better. they have a better life. we can get and earn money as fast. and also easy. this is the best thing about bitcoin. this is just the beginning. it will not destroy your life instead it will help you.
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