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The Bitcoin Dilemma: Weighing the Economic and Environmental Costs and Benefits free ebook download

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Management

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Author(s):	Colin L. Read

Date:	2021	Format:	pdf	Language:	English	ISBN/ASIN:	303109137X
Pages:	350	OCR:		Quality:		ISBN13:
Uploader:	topron	Upload Date:	10/24/2022 5:31:31 PM

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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. 
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	Title	Link	Password	Size (MB)	Thank to	Inform Admin
3152941	Book	https://nitroflare.com/view/EC55927AB3BE...		0.00	topron

Tags: Benefits Bitcoin Costs Dilemma Economic Environmental Weighing

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The Bitcoin Dilemma: Weighing the Economic and Environmental Costs and Benefits free ebook download

Category: Management

Description: Click to see full description

Category:
Management