Shitcoin Economy: Part 3 — Environment

Photo by Federico Beccari on Unsplash

Here is part 3 of my 5-part series. If you missed part 1 and part 2, you can check out below:

Part 1 — Category: it is about how to categorize cryptocurrency away from other digital currencies

Part 2 — Regulations: it is about why the government wants the regulation but they cannot do so

Part 3 — Environment: it is about how environmental impact on the cryptocurrencies and possible its valuation for the future

Part 4 — Technology: it is about how technology can change the way shitcoin performs and how crypto may evolve to become

Part 5 — Detokenization: it is about speculation that if Bitcoin actually extinct and what may happen

I may change parts depending on my research but here is for you guys to enjoy reading.

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Here we are again to talk about the environment. The topic becomes more and more significant to future technology because we may face a human existential crisis if our prediction of global warming is true.

Let’s face it, Proof of Work is a waste of energy. It designed the way to make efforts to mine coins which consume mainly computer power. The longer the chain run, the harder it is to mine the coin.