Many technocrats believe in the blockchain, Bitcoin, and other cryptocurrencies to solve the problems of the world by machine power. Well, I am not too optimistic, that this will be the case in the scale we anticipate right now and I think as well many of us are blinded by the crypto-frenzy. It is understandable – the elder ones don’t want to be like the “internet non-believers” end of the 90s and think “this time, I won’t be wrong by denying the future”, and try to be the smart guy, that reads the cards of the future right. Considering all these ICOs that wanted to “disrupt” all parts of human living, it must be a bad joke. I admit, this article has a bad timing – Bitcoin is up again, and it is natural not to want to see the other side of the coin – we want to enjoy the rise, right? But let me be the devil’s advocate today – let’s do it for the tech and not for the money, this single time – as progress only happens if we recognize the shortcomings and fix them. We tend not to see the hand in front of our eyes, and it is time to peep through – with an emphasis on one of Bitcoin’s most significant problems: its hunger for energy. Time for a reality check. Keep Reading
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