Crypto Currency Bitcoin: Future Ki Digital Money

2021 me bitcoin ka $1 trillion ki property me increase hona, value ke digital store ke rup me iske work ka confirmation provide kar raha hai. Usi time, although, value me yah meteorite rise bitcoin network ki oneness ko keep karne ke liye needed energy me parallel increasing par attention attract kar rahi hai. Kya bitcoin actively chal rahe climate emergency me contribution de raha hai ya yah only jyada crypto-anti FUD hai?

Is thing par koi discussion nahi hai ki bitcoin ki mining process-jise work ke certification ke rup me bhi jana jata hai-big amount me energy burn karti hai. But agar hum us energy need ke environment effect ko understand karne ki try kar rahe hai to hume kai important questions par notice karne ki requirement hai.


Bitcoin ko mine karne ke liye use ki jane wali energy ka source kya hai?


Bitcoin mining mainly purpose made field me hota hai jo necessarily experts computers se loaded big godown hai jo only bitcoin transaction ko certified karne ke liye work kar rahe hai- unhe bitcoin blockchain me new blocks me connect karke-iske proof-off-work common consent network ke jariye.


Newcomers ke liye apne head ko wrap karne ke liye crypto ke liye work ka proof hard hai. Bitcoin ke liye bina kisi central authority ke ek monetary process ke rup me work karne ke liye, network ko valid transaction par agree hone ke liye ek automatic way ki need hoti hai jo corrupt nahi ho sakte. Work ka proof hi solution hai; ek random number search karne ki race jaha try/prize logic bad actors ko discourage karta hai.


Yah lottery every 10 minute me chalti hai, new blocks ko connect aur ek prize ka payment karne ko irregular karti hai-present me 6.25 btc plus transaction fees; is process ko mining ke rup me jana jata hai. Jaise-jaise bitcoin ki value increase hoti hai, mere liye utna hi jyada encourage hota hai, but difficulty adjustment named kisi thing ke medium se, proof ya work ki discovery hard ho jati hai.


To bitcoin ke network ke jyada safe hone ka ek natural result, aur isliye value ka ek better store, ek increasing energy ki need hai.


Purpose made mining rigs ko power provide karne aur unhe cold rakhne ke liye energy ki need hoti hai. Unke pas koi other useful work nahi hai.

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Is energy ka most part fossil fuel se aata hai, aur is tarah bitcoin se connect CO2 external aspect hai. Although, picture utni black aur white nahi hai, jaisa ki hal ke ek study me guess kiya gaya hai ki 39% proof-of-work mining renewable energy, mainly water electric energy dwara operate hai, jabki 73% kisi na kisi rup me renewable energy ka use karte hai.


Isliye yes, bitcoin CO2 output me contribution deta hai, fossil fuel puri tarah se iski energy consumption ko power nahi deta hai, aur durable energy ke development ki or trend ko dekhte hue hume us balance ko fossil se dur transfer karne ki hope karni chahiye.


Yah understand karna bhi important hai ki yah energy consumption kaha ho rahi hai aur global energy market kaise work karte hai. Mostly bitcoin mining China me hota hai, jaha unke water electric basic structure ke karan important energy surplus hai.


Electricity ko unlimited rup se store nahi kiya ja sakta hai aur ise le jane par important loss hota hai. Extra electricity wale areas me bitcoin mining factories ka pata lagana jo otherwise waste ho jayega yadi iski local demand nahi hai to yah understand hota hai.


Yah work par free market hai, aur bitcoin ke environmental effect ke bare me debate ko complete understand karne ke liye, yah summary important hai. Climate change me important conversation yah hai ki free market carbon production se connected negative externalities  ki right value predicate karne me unsuccess rahta hai.


Bitcoin mining aur free market


Bitcoin free market process ka ek part hai, but yah iska basic reason nahi hai, balki ek feature hai. Cryptocurrency ya bitcoin ke bina world me, other industry energy ki demand ko complete karenge, jaise data store ya aluminum production.


Iska contradiction yah hai ki bitcoin ek esi industry hai jo apne dwara produced energy cost ke liye value provide nahi kar raha hai, jo hume main involved issue par lata hai. Bitcoin ki value kya hai, aur kya yah isse connect energy cost ke worthy hai?


Bitcoin, Crypto Currency Bitcoin, Digital Currency


Bitcoin ki value


Mankind ko money ki need hai. Iska use world wide me freely different ways me emerged hai, aur money ka develop continue hai taki hum necessary rup se energy ko store kar sake aur ise time aur place ke medium se transfer kar sake.

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Bitcoin is need ka first digital solution hai, jise fake nahi banaya ja sakta hai aur iske liye central authority ki need nahi hai. Bitcoin ki value is revolutionary success ki recognition hai.


Yah logo ko easily foreign me money send karne me capable banata hai; other person ise fiat currency ya gold jaise low value ke store ke against ek valuable saving ke rup me dekhte hai, jabki argentina, turki aur venezuela jaise countries me payment kiya gaya premium stable local currency ki kami wale citizens ki demand ko show karta hai.


Sound money ke profit ko measure karna almost impossible hai, although really, la belle apok-urf the gilded age 1800 ke decade ke middle se 20th century ki starting tak- gold ke standard ki stability ke medium se important financial develop dekha.


Aur bitcoin real me chal bhi nahi raha hai. Yah mainly digital gold ke rup me use kiya jata hai but scaling aa rahi hai. Crypto industry young hai, but industry me scalable applications ko lane ke purpose se projects ke explosion ka experience kar raha hai.


In applications ki possibility definitely available hai, but in things ko develop hone me time lagta hai. Example ke liye, internet ko le, jo first time 1960 ke decade me ek thought ke rup me emerge hua, but 90’s ke decade tak real business effect making start nahi kiya.


Bitcoin ki discovery 2008/09 me hui thi, aur yah batana ki is technology ke jyada massive application ke liye koi opportunity nahi hai, mistake ho sakti hai ki historically technologies ka develop kaise hua hai.


Bitcoin ke future ke financial value ke bare me koi bhi logic unsolve rahega, although hum definitely agree ho sakte hai ki sound money making aur keep karne ke liye energy expense karna worthy hai. Although yah naturally humari present monetary systems ke compare ki or le jata hai.


Bitcoin ki energy consumption ko visa se compare karna


Kya bitcoin ki energy deftness ka compare sabse jyada use ki jane wale payment method visa se karna justified hai? Starting ke liye, hum apple ko apple se compare nahi kar rahe hai.


Bitcoin ek complete currency process hai jo kisi central authority, only internet par depend nahi hai. Jabki visa american dollar process ki only ek layer hai, jo central authority jaise ki federal reserve, commercial banking process, american government aur yaha tak ki american army ki geo-political stability banaye rakhne ke liye banaye gaye basic structure par depend hai.

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Isliye comparatively energy deftness ke bare me kisi bhi conversation ko in central officers ki energy consumption par think karne ki need hai-bitcoin proof-of-work vs us financial process puri tarah se. Is matter me bitcoin ki energy circulation shayad itni jyada nahi hai.


Kya bitcoin ki energy consumption suitable hai?


Yah kahna ki bitcoin ki koi value nahi hai, opposite hai kyuki market ne ise valuable mana hai. Isliye question objective financial value ka nahi balki subjective value ka hai. Classic erotic learn rakhe: economist every thing ki value jante hai but value kuch bhi nahi.


Yaha phir se, hum philosopher difficulties me aa jate hai. Kya hume iske environmental effect ke liye ek specific technology ka selection karna chahiye, jab iski energy consumption puri tarah se legel hai, 40% renewable sources se hai aur other 60% surplus production se aata hai?


Whatabout logics ko usually shadow throw karne ke rup me dekha jata hai, but aap real me kisi bhi unnecessary discovery ko dekh sakte hai aur iski validity par question kar sakte hai.


Global level par gross domestic product ka 9% energy lete hai-other words me $1 every $10 producer financial activity me energy industry se aata hai. Kya wah sab energy production suitable hai?


Video game khelna, social media, foreign journey, kisi holi time thing ki making, specially clothes. List endless hai aur yah logic centuries old question par stuck ho jata hai ki market ko value fix karna chahiye ya government.


Crypto ke big effects me se ek, den held, christmas lights ke saath ek great analogy make karta hai, jo 2008 me every year 6 billion kilowatt hour burn karne ka guess kiya gaya tha, jo us time el salvador ki complete energy consumption se jyada tha.


Bitcoin austria economist ka favorite hai jo definitely before camp me aate-ek autocratic market ko fix karna chahiye-aur although present climate emergency se pata chalta hai ki capitalism industrial externalities me cost me fail raha hai, kya bitcoin 150 years ke big scale par pollution ke liye downfall-person hai jisne satoshi nakamoto ke discovery ki unequality ko dur karne ki try ki hai?


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