Over the last months and especially culminating in the last days, it was hard to avoid the bitcoin topic. Climbing to insane heights, bitcoin has passed even the keenest expectations regarding “value” that many of us had. The price has crossed the $15k mark for the first time this week.
Although I do see a bright future for cryptocurrencies, for me the key value lies in the potential it has in enabling us to create a fundamentally new financial system. From a speculators point of view I do believe that what we currently see is mostly based on the greater fool theory (“I will buy Bitcoin because others will hype it even more”). Continue reading “Are you aware of the insane Energy Consumption for Bitcoin Creation that is ahead of us? Soon to hit a hard wall…”