Annnnd It's Gone ..

There are countless examples of things that we once used every day, which we thought would be in our lives, forever, but instead they have been quickly abandoned and left at the roadside of history. As we race speedily forward into a brighter technology-driven future - wow, talk about rapid-development, right!? - these things are not missed at all - out of use, out of mind.

I am sure I am not alone when I say I have boxes full of this old crap, so much data stored on DVD that it would take 3 lives to consume, old VHS tapes of film favorites that I would not be able to stomach watching now due to the low quality (not to mention DVDs .. also out-of-date tech), music CDs up the yin-yang .. boxes and boxes of books, many of which I now have electronic versions of at my fingertips.

The Same Goes for Crypto ..

As I suspect is the case with many STEEMIANS, I have a relatively long history mining different crypto-currencies. I was veyr much into mining "Scrypt-based" coins, and invested heavily in it, both my time and money, purchasing miners, investing in online mining operations, so on and so forth. I was the proud owner of a miner called a Gridseed Black ..

This thing was a good earner at 23 MH/s, and it was a really cool design - I loved this thing .. babied it, gave it the best, the cleanest part of my living space, and very much lived "around it". Well, the moment it became unprofitable .. 'THIS' is what I did to it ..

Cannibalized! .. with it's Raspberry Pi heart yanked out ..

Can This Happen to Bitcoin!? ;-)

Ohhh yes ..

We have a few problems that do not bode well for the future of BITCOIN .. control of mining / transaction verification, due to high energy costs and lack of incentives, the minting and verification is highly concentrated in Chinese operations. The second, is the coming age of Quantum Computing ..

Not to mention the lack of flexibility in design - the resistance to block-size increase which would have partially-enabled new features, so on and so forth. Also not to ignore the fact that there are other "currencies" that do far more, are more secure, faster, anonymous and .. outside of the world of binary trading .. have a real function, real utility.

Hint .. hint ..