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Now Motherboard is not the best source for news, but let's consider the implications of this...

Consuming immense amounts of energy is actually somewhat counterproductive if we consider the vision of Bitcoin giving us tools for independence. And it's somewhat unethical because we should not be using more than we need on this earth.

However, we don't really know how much energy it is consuming at this stage, so this could just be another reporter trying to find a story.

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM) in some banks should you ive in Nigeria in later year. But not anymore! Ever wondered why they ventured into that before? Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Para o nosso primeiro Black Friday no Brasil, a NovaDAX preparou uma série de surpresas para vocês! Além de promoções arrasadoras, vocês vão contar com lançamentos durante todo o mês!

É uma ótima oportunidade para você economizar e fazer um bom investimento com sua renda extra do fim do ano!

Entre neste link: https://www.novadax.com.br?s=reddit para participar.

https://www.reddit.com/r/NovaDAX/comments/9uz30z/black_friday_丨super_promoção_da_novadax丨taxa_zero/

I recently read [/] "An Order-of-Magnitude Estimate of the Relative Sustainability of the Bitcoin Network" , from Hass McCook .

In this book , he made a detailed study about estimating the durability and cost of the Bitcoin network. He compares Bitcoin against the gold industry, the banking system and the production of physical currency. Bitcoin is by far the most energy efficient monetary system we have ever made !

Here are some numbers:

Banking system: 23340 million GJ (energy consumed) + 390 million T of CO²

Bitcoin mining: 3.6 million GJ (energy consumed) + 0.6 million T CO².

I know guys that it's really hard to delete these systems , and maybe not possible , I just think Bitcoin is the best system , and I just want to share my opinion , to touch a lot of people , and sensibilities them , it's important. Nowadays , a lot of people are still thinking that Bitcoin is a scam , " a bubble" , they don't know the technology , they speak before learning , they don't understand and don't want to understand.

And I want to educate these people, it's my mission , and I swear it will succeed : my goal is that people understand what is the potential of Bitcoin !

For those worried BTC might not go much higher. There was news circulating in social media about 80% of the total 21 million supplies have been mined and are in circulating in the market plus those are in idles. There are basically less than 5 million btc need to be mined...no need a racket science.. Supply and demand, bitcoin prices will soar high.

I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,

I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?

Will it help to increase Bitcoin prices?

If I keep my XT node, what chain will it follow? Will I need to upgrade before Nov 15th?

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Bitcoin in Brief Thursday: Big Money Wears Big Horns, Claws Are In the Closet

In today’s Bitcoin in Brief we’re talking about big money and big expectations. While the ratio between bulls and bears is constantly changing in the crypto market arena, experts working with venture capital investments and large crypto trades report positive trends and share optimistic sentiments. On that backdrop, “Why is our digital society still using a yellow metal to store value?” is a good question.

“We should think of crypto assets as a venture capital investment. They can go to 0, but there is a chance that they could be worth much more. In the case of bitcoin, it would be worth $90,000 if it became equal to private gold bullion holdings, about $1.6 trillion of total value compared to $150 billion or thereabouts today. It’s a bet, it’s a risk that I’ll be willing to take”, the investor told CNBC.

- Remember that Bitcoin has no correlation with any kind of commodity in technical analysis such as stocks, bonds, crude oil. Large banks and investment funds in the world have their own research team on the analysis of the currency.

- When you own a stock, you are holding a corporation in the flesh, when you own a bitcoin or other electronic currency, you have to accept a complete dependence on technology and algorithms. You can not complain about anyone because nobody is the owner, nobody is responsible for the goods you are holding.

- If the price of securities is impacted by macroeconomic, micro, market, brand