29 Dec '14, 9am

Martin Hutchinson Predicts 2015 ‘Demise’ of Bitcoin

Martin Hutchinson Predicts 2015 ‘Demise’ of Bitcoin

As can be conclusively seen, the relative impact of the Bitcoin network does not even register on the radar of the fiat and gold-based monetary systems, representing a very conservative relative environmental impact of just over 0.13%, and a relative economic impact of just under 0.04%. When one considers Koomey’s Law, we can expect energy/GH to continue to half every 18 months until 2048. This means that we can expect our current industry best efficiency of 0.733 W/GH to each 0.0000000873804 W/GH – so even the most ignorant, arrogant, narrow-minded and pseudointellectual critics and arm-chair academics should note that in the event that Bitcoin scales to a million times its current size and market cap over the next 30 years, it’s environmental impact will still be insignificant compared to existing systems. When considering Moore’s Law, we can expect $/GH to continue to h...

Full article: https://www.cryptocoinsnews.com/martin-hutchinson-predict...

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