Tesla's Plan for Free Energy could fix bitcoin
There are a few fundamental problems with Bitcoin. 1 being that it's expensive right now, but they're working on that.
- Being that the coin is expensive to mine because of the system and energy required. Currently bitcoin uses more power world wide than some small countries.
- Bitcoin scale-ability is always in question.
How can Tesla help?
http://free-energy.ws/nikola-tesla/
That link will take you to a good explanation of Nikola Tesla's plan for free energy. If we can create that we solve the energy problem. A Big IF but it's a start. Honestly, I think wind and wave energy could power the world forever very cheaply. It'll just take a good 30-50 years to get it all set up and build out the infrastructure (but it's coming).
Then what are we left with?
Processing power.
Well, if computing power doubles every 18 months than we know that all we have to do is wait. Eventually the compounded doubling of speed will exceed the needs of the network and we will have a solution.
My point her is that the only thing holding back bitcoin and cryptocurrency is time. In time the world will be ready for the benefits that blockchain has to offer.
