Posted 2/26/2024, 9:09:00 PM
Nakamoto's 5 Key Bitcoin Predictions: Mining Energy Use, Limited Privacy, Small Payments Utility, Decentralization, and Open Source Funding Challenges
- Bitcoin mining would become very energy intensive, sparking debates between economic freedom and conservation
- Bitcoin provides pseudonymity at best, not full anonymity, so privacy would be limited
- Bitcoin could work for small payments like gift cards, an early real-world use case
- Bitcoin would remain decentralized and not controlled by any third party stakeholder
- Open source Bitcoin development would struggle to find sufficient financial support