“Myth #3 Bitcoin mining wastes lots of energyNot really because in fact Bitcoin Mining is useful on the Network to create money from computing power.That’s why Satoshi Nakamoto created Bitcoin so people can now actually create their own cryptocurrency on Blockchain without government corruption.Every 10 minutes a Block Reward of 12.5 BTC is given to someone on the Network for solving a random math equation which is Proof-of-Work.Every four years BTC cuts in half or Halves so the next Block Reward in 2020 will be 6.25 BTC.This will drive up the price of BTC higher and 10 years from now on or so will be worth $10 million or more:In 2024, 3.125 BTC In 2028, 1.5625 BTC In 2032, 0.78125 BTCThe more the Block Reward reduces of BTC the more scarce and valuable it will become. So if you own one or more BTC and HODL you are already a millionaire.Depending on the difficulty it might take a very long time to mine only one Block. Fortunately, I was early in Mining BTC late 2009 because there wasn’t much people mining on their PCs.If you don’t understand this you won’t know why Bitcoin was created.Mining BTC doesn’t cause no air pollution or any surges in electricity, but every Christmas millions of houses lights drain out energy.In fact, there are BTC mining companies now that want to convert trash into electricity- BTC Green Mining is the future. There are others building devices to cool down Mining Rigs with mineral oil.This will save tons of energy!”
I read an article about the guy who started bitcoin...did a talk a college and gave each student something like 2 or so coins....some just trashed them or gave them away lol I'd die after I found it blew up
I don't think we've hit public yet. It's not that easy to use crypto to buy stuff. Once FB coin is launched, THEN we hit public uptake, because this will be the on-ramp to crypto ownership AND usage AND exchange
Come on, he doesn't think that. This fbgc has been completely misunderstood by a lot of ppl. Zuckerberg surely is not thinking at beating xrp by a stable coin. His business is different and ilp is exactly what fbgc needs.
I would say it is 'the point'. Stable coin is exactly what a bridge asset as xrp needs. Let's wait that white paper to understand more. Don't expect to read ilp there, but it will be interesting to confirm how it will work. Xrp is not aiming at retail market but at making it possible!
xrp is failing miserably, ripple labs tech is succeding, that’s why price for ripple news and xrp are not correlated, price being stagnant for 2 years proves it, no one will use xrp, we are the only crypto that went -10% since beginning of January, all coins went 300% +, Litecoin went from 30 to 100 todayBtc from 3800 to 11000 todayEthereum from 90 to 300 todayWe went from 0.50 to 0.30 Against facts we have no arguments, ripple has a lot of utility, but xrp wont be used along ripple tech, That’s what I think, I have a good amount of xrp, I was confident with it since the beginning, but seeing all other coins going parabolic while we went from 0.5 to 0.30 is heart breaking, It’s just my opinion, you can’t totally disagree, I’m waiting it to get 0.50 again some day and moving out from it, hope sbi launch don’t get delayed again, or else we will see 0.16 cents for sure