书目名称 | The Bitcoin Dilemma | 副标题 | Weighing the Economi | 编辑 | Colin L. Read | 视频video | | 概述 | Contrasts the ideology of Bitcoin‘s founder for inexpensive and private digital transactions with profits.Documents the increasing carbon footprint of Proof-of-Work mining and the efficiency of Proof- | 图书封面 |  | 描述 | .There are few innovations that have the potential to revolutionize commerce and have evolved so quickly that there remain significant misunderstandings about their operation, opportunity, and challenges as has Bitcoin in the dozen years since its invention. The potential for banking, transacting, and public recording of important records is profound, but can be displacing if not done with appropriate care, and is downright dangerous if certain pitfalls are not noted and avoided. Among other things, this book proves the existence of a Bitcoin dilemma that challenges the conventional wisdom which mistakenly asserts the incredibly intensive energy consumption in Proof-of-Work cryptocurrency mining will be remedied by more efficient mining machines or sustainable power sources. It shows for the first time within a well-specified economic model of Bitcoin mining that the recent runup in electricity consumption has a simple and inevitable explanation. For a coin with almost completely inelastic supply and steadily increasing demand, the conditions for accelerating electricity demand is consistent with economic theory and may well characterize the future of Bitcoin. .The book also demons | 出版日期 | Book 2022 | 关键词 | Bitcoin; Energy Consumption; Global Warming; Bitcoin Speculation; Bitcoin Regulation; Bitcoin Energy Usag | 版次 | 1 | doi | https://doi.org/10.1007/978-3-031-09138-4 | isbn_softcover | 978-3-031-09140-7 | isbn_ebook | 978-3-031-09138-4 | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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