Scottish rehabilitation center treats cryptocurrency addiction / Why the high power consumption of Bitcoin is probably not a problem for the environment

in cryptocurrency •  7 months ago

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Enthusiasm is great, but can also turn into addiction. Christopher Burn, probably the world's first therapist for cryptocurrency addiction, tells in an interview how to recognize the new disease and how to treat it.

Do you know that? You log in to seven crypto exchanges every day and update Coinmarketcap, Reddit, Coinforum, Twitter, and other info sources about Bitcoin and Co. every ten seconds. Once you're not connected to the Internet, if only because you're taking a shower and think of missing something; and even before you have dried yourself, you grab your smartphone quickly ...

If you do not just know it, but experience it every day, you might be suffering from Bitcoin or cryptocurrency addiction. The Scottish rehabilitation center "Castle Craig Hospital" recently added this disease to its treatment program. Thus, the medicine sector confirms what especially some partners of crypto-junkies already suspect - that Bitcoin is neither a money nor a store of value, but a strong addiction.

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Kindly, Christopher Burn, the lead therapist at the clinic's crypto department, gave an interview and answered ten questions. He joined Castle Craig in 1988 as Financial Director and retrained as a therapist in 1994. Chris formerly trained and worked as a Chartered Accountant in London, Paris and Malta and ran a small hotel in the Scottish Borders.

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On your website you call cryptocurrency addiction a "modern epidemic". How many people are affected?

We have no information on how many people are addicted to cryptocurrency trading.

At what symptoms can one recognize a cryptocurrency addiction?

Typical symptoms are:

  • You spend a great deal of time on activities related to the trading of cryptocurrencies. To check the price, think about how to act. Other occupations, such as work, social interaction or sport are neglected.

  • Debt and financial problems

  • Lies to friends and family members about your own activities

  • Fluctuating moods, the feeling of hopelessness and depression

  • Fear expressed in physical symptoms such as sweating or shivering

  • Unrealistic views, such as being happy or ignoring losses

  • Try to control the activities, but to no avail

Are there different levels of cryptocurrency addiction?

Probably. But as soon as negative consequences, no matter what, occur, the problem should be recognized and treated before it gets worse.

How does the addiction go if left untreated?

As with most forms of gambling, a first-time profit is likely to turn into losses. This initially causes trouble and leads to an attempt to offset the losses by more games. This is followed by a period of despair, because such attempts have exacerbated the problem, which in the end leads to complete despair and possibly even suicide.

How can you help yourself when you feel addicted?

One should seek help, either from professional addiction counselors or self-help organizations, such as the anonymous gambler. If you think you have a problem, you probably have one too.

What should be done if the friend or husband is infected with the addiction?

You can not compromise with the addict. Any kind of help, such as paying debts, only allows the person concerned to continue the dependency, which is likely to have even more drastic consequences. Saying 'no' can be difficult, but it is important. This is called 'severe love'.

When do you need the help of a doctor or therapist?

Medical help should be sought without hesitation when a person's physical and mental status gives a reason to raise the alarm: for example, when gambling addiction becomes depression, suicidal thoughts appear, or signs of extreme physical stress, such as sweating or shaking, and so on continue.

How do you treat people with a cryptocurrency addiction?

At Castle Craig Hospital, we consider all forms of dependency a disease that can never be completely cured. However, one can achieve relief and liberation. In this regard, cryptocurrency acts like any other addiction. It can reappear any time - but if the person concerned stays consistent and follows a particular program, such as Castle Craig's, he can live happily and free from addictions.

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Living room at Craig Castle.

Will an addict ever be able to read news about cryptocurrencies without running the risk of relapsing back?

I would not say 'never again', but any kind of addiction is potentially life-threatening when it's active and therefore those who have recovered from it should be careful and avoid risks. We recommend that you do not challenge yourself. Why? Why should one read or otherwise be related to an activity that is known to drive one into suicide?

How many patients with a cryptocurrency addiction do you have?

25 percent of our patients suffer from a form of gambling addiction. Some of them have also participated in cryptocurrency trading. It is rare for a patient to be addicted to cryptocurrency trading (we have had one), but requests from potential patients for this form of gambling addiction are increasing.

Bonus Question: Can you pay for the treatment at Castle Craig Hospital with Bitcoins?

No



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Yes, Bitcoin uses a lot of electricity. But this does not mean that the cryptocurrency is destroying the climate. Because the ecological footprint of Bitcoin should be much smaller than you think at first glance.

Recently, economist Alex de Vries has published a paper on "Bitcoin's Growing Energy Problem" in the journal Joule. Vries, who works for the consulting firm PricewaterhouseCoopers, has been working on Bitcoin power consumption for some time. On his website Digiconomist he presents this with the Bitcoin Energy Consumption Index.

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According to Vries Paper, bitcoin miners currently consume at least 2.55 gigawatts, but are more likely to consume about 7.67 gigawatts. This would allow Bitcoin to consume almost as much electricity as Austria (8.2 gigawatts). This value is of course a scandal that finds an echo in the German media. For example, T3N, Zeit or the Süddeutsche Zeitung reported on the paper. Spiegel Online brings an interview with de Vries, in which he even calls for "an international agreement, preferably under the leadership of the UN" to manage the energy consumption of the mining.

Is it really that bad with the mining? How reliable are the values of de Vries? Is Bitcoin threatening to destroy the success of the energy revolution, as the Spiegel asked at the end of 2017? Or is the reality a bit more complicated?

In the following I will try to bring some clarity to these questions.

No matter how you calculate it - it's a lot

Let's start with how to measure Bitcoin's power consumption. The vast majority of power consumption goes back to the miners competing to attach a new block to the blockchain. How much they consume is hard to find out.

We know how high Bitcoin's Hashrate is - about 35 million terahash, which means that all miners together make about 35 trillion hashes per second. But we do not know with which devices they are produced. Is it the modern, energy-efficient Antminer S9? What is the contribution of miners to the older generation? Are graphics cards still connected? The power consumption depends extremely on which devices are used. And we do not know that.

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The estimated number of tera hashes per second (trillions of hashes per second) the Bitcoin network is performing.

If you start with the Hashrate, you can at best calculate a minimum value: You take a current miner - the Antminer S9 - and pretend that the entire mining network consists exclusively of it. An S9 generates 13 Terahash with a power consumption of 1300 watts. That would take around 2.7 million Antminer S9 to apply the bitcoin hashrates, giving us 3.5 gigawatts of power. This would be, as we have said, a lower bound that can be multiplied by any estimate (x1,5; x2; ...).

De Vries starts his estimation at the other end: In the income. He assumes that the miners will produce hash power until they make only a marginal profit. Then he estimates how much money they invest in mining, which part of it goes into electricity, and what prices the miners pay. He assumes a share of electricity of 60 percent and an electricity price of 5 US cents per kilowatt hour.

With these values, Vries comes to the conclusion that Bitcoin consumes at least 2.55, but probably rather 7.67 gigawatts. The Bitcoin Energy Consumption Index on its website translates this value (7.67 gigawatts) into an annual consumption of 69 terawatt hours. That's about as much as six to eight decent nuclear power plants produce and consume more than the country's Czech Republic.

Of course you can doubt Vries method. However, as we have seen, even an optimistic minimum estimate is due to the power consumption of the Antminer S9 at 3.5 gigawatts. This makes it relatively likely that Vries' values are relatively correct. What is often radically wrong, however, is the interpretation of this result.

Cheap electricity is usually green electricity

At first glance, that does not sound good. We replace incandescent bulbs with LED lights, build refrigerators and washing machines that use less and less electricity, and set up thousands of wind turbines - and then Bitcoin comes in, consuming 69 terawatt hours a year. Does the cryptocurrency ruin everything? Was the energy turnaround and all the energy saving in vain?

Such questions are obvious, but they are wrong because they compare things that you can not compare. Because there is no direct relationship between the amount of electricity produced and the ecological footprint.

A simple comparison: Living in the vicinity of coal-fired power plants will pollute the environment every kilowatt-hour consumed. If he lights up an LED lamp for an hour a day, he will do more damage to the environment than if someone was wasting renewable energy, such as when the Icelandic capital Reykjavik heats their sidewalks with geothermal energy in winter. It does not depend on how much, but on what. It is better to waste electricity from renewable sources than to save electricity from coal.

Of course, with Bitcoin, we do not know where the miners are and what their power is. The only thing we know is that the miners go where the power is cheap. While other industries are more localized and dependent on a mix of cost factors, miners are highly mobile and see power costs as by far the most important competitive factor. There should be no industry that is so attracted by low electricity prices.

According to Statista, countries with surprisingly low electricity costs are Sweden, Finland and Canada. These three countries have in common that they have a relatively high share of renewable energy, primarily hydropower. In Canada, according to a study by the Fraunhofer Institute, electricity prices in the province of Quebec are lowest. Quebec has one of the world's highest shares of hydropower - and is considered a miners' paradise.

Similarly in Sweden, Norway, Finland, the US and, above all, Iceland: electricity is most favorable where it can be produced most easily and with a surplus. This usually does not mean building a coal or nuclear power plant - both of which are usually only competitive with government subsidies, if one adds the follow-up costs - but using the natural conditions to harness energy. This is true even for Germany, where wind power is now the cheapest way to create new power capacity. Hydropower and geothermal energy are, of course, much cheaper on an international basis, which is why it is likely that most of Bitcoin's hash rate comes from these environmentally friendly forms of energy.

At this point, it would be possible to express a not entirely absurd supposition: that Bitcoin's biological footprint, despite its enormous energy consumption, is better than that of a Rhenish industrial area. Because the German electricity is often not only expensive but also dirty.

Cheap coal power as a result of the wrong policy

We stick to this argument, but let it go in a different direction.

The Bitcoin miners inevitably settle in locations where electricity is cheap. Any kind of electricity that is sold at prices below 5 or 6 dollar cents is suitable for miners. In most cases, such electricity comes from hydropower or geothermal energy, as this energy can be generated and scaled in a relatively simple and convenient way, provided the natural conditions are met. In many northern countries or provinces there is an excess of clean energy that is mined by the miners. The ecological footprint of such mining farms is zero. An LED light in a South German household causes more damage.

The coal power plant at Weisweiler:
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If mining is worthwhile, it means that there is an oversupply of electricity in a region: that a producer is willing and able to produce more electricity than citizens and businesses consume. It means that a region either produces a lot of electricity but does not have any industries consuming it - such as Iceland or Quebec in Canada - or that the industry is idle in that area, such as the so-called Rust Belt in the Northeastern United States, but the energy technology infrastructure has not been sufficiently dismantled.

In most cases, waste takes place before the miners settle. Should there actually be a nuclear power plant or coal-fired power plant that works without there being a need to drive electricity prices to a mining-prohibitive level, this in itself is likely to be an ecological scandal. If a government nowadays expands or maintains non-renewable energy producers for which the market has no need, then it sets serious economic-ecological disincentives. These are exploited by miners, but usually corrected relatively quickly.

For example, Venezuela subsidized electricity production to the extent that it had the cheapest tariffs in the world. This attracted scores of miners, some of whom have generated bitcoins profitably with old - ie extremely inefficient - devices. As a result, the electricity became increasingly scarce locally, and when a mining farm once even caused a blackout in a whole neighborhood, the government intervened and closed the farm.

Similarly in China, where miners had spread to wherever the government's planned economy provided abundant power for new industrial sites. In part, the miners smelt the fruits of planning mistakes, such as setting up their Asic farms in ghost towns with large power plants, but in some cases they were also draining power needed by other industries. As soon as the miners come into conflict with the power hungry of the "real" industry, the government intervenes here as well. As a result, more and more Chinese miners are moving their machines to places where renewable electricity is cheap and surplus in abundance.

Under normal circumstances, maladministration usually corrects itself. Sometimes, however, it happens that a region or government creates or maintains overcapacity from coal or nuclear power. In this case, in the worst case scenario, miners prevent such overcapacity from being reversed due to lack of demand.

Such maladministration is pretty easy to do away with. The government only has to do what it takes for a modern, ecologically oriented energy policy to understand itself: make sure that electricity from non-sustainable production is more expensive than renewable energy. If that were the standard, bitcoin mining could not be harmful to the environment at all.



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You are so right in your post the funny thing is a few days back I told my brother to add a few cryptos as payment method in his company it will give him free advertisement and will help cryptos as well :)

Addiction is a real problem. Whether it is an addiction to games, gambling, women or trading crypto. Anything excess is bad is my perspective. We should control our limit in this matter so we will not end up like what happen to some people who committed suicide because of overdoing this. This is useful information. Great read

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agree what you say: Anything in excess is bad not just the thing inself, is more about the person

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Yup I agree with you but I think everybody has it in his own hands I did a lot of things in my life very excessive but never got addicted to it. It all comes back to self-control and a strong mind if you don't have it better do not things in a excessive way.
Thanks for you comment and have a nice day and weekend :)

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yyes

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@hiroyamagishi, you are on point. Moderation pays in everything.

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The cost of bitcoin constantly beats all its records. For such a state, there are a number of reasons for crypto currency. It is quite difficult to evaluate bitcoin, but it's worth trying to look at it in perspective, given the data already known to us. Many conditions are relevant for any time, here are the 6 most important of them:
Venture capital
Most start-ups that make crypto currency and blockade the most effective and generally available are supported by venture capital. Different payment systems receive sufficient profit from the network effect, for them the set of turns is extremely important. The number of venture capital that came to this sphere was not far from the indicator of the previous year.

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So True! right now im working with a multi-millionaire named Robert Hollis and he has allowed me to give his book away for free. his even alowed me to give a couple of his training programs away for free.
https://m.facebook.com/groups/2051234691786167?view=permalink&id=2065961436980159

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I am agree with you. The addiction may be based on the timeline for example, to involve in the bitcoin was super addiction around 2010. If you were addicted to bitcoin around these years there was no negative effect, but now the addiction may be harm you and your health.

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Sorry if I sound a little corny or ordinary by stating this, but too much of a good thing is bad even if it's a good thing in and of itself.

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How can you call that an addiction?, even though are on the phone all the day or on the laptop posting, spending your time or working with cryptocurrency, it could be a matter of you have pot something that worth like money on it, and the fact to be pending on it means you may lose money and the time you invest in that, I think nobody wanted to lose something costs time and money... and if you have some kind excess in your life it doesn't mean you are mind strong enough cause you could be addicted and wont be able to recognize it at first sight.

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Very well spoken. It’s all about moderation

maybe i am addicted .but its addiction that i don't want to treat or leave it :)

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Very interesting post. Its good that someone somewhere decided to give a name to this disease and have a treatment for it. But not everyone would willingly admit they are addicted. Even if they do, this kind of treatment is not available everywhere.

i can imagine they will be very busy in few years

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great stuff

I just created my account a few minutes ago and don't really know how this whole thing works yet, but I had to leave a comment on your post not only because it is totally awesome, but it's the first post that I came across as well. I always joke how I am a total crypto fien, I have a degree in psychology and have a background working with people who suffer from addiction, so this doesn't surprise me at all. I do think it's interesting that they are classifying it as a separate disease instead of just categorizing it under "gambling addiction." Common sense would tell me that gambling is gambling is gambling; however, I can see some wanting to break it down into its own niche just like alcoholics consider that to be different than a drug addict.

Honestly, anything can become an addiction, whether it is good or bad for you. I am a total fitness freak, however working out is great for you, so people don't view that as a problem. If you have an addictive personality you can pretty much become addicted to anything.

I know for me; personally, I tend to overdo anything that I get involved with. That is just my nature. I am tempted to go to an AA meeting and introduce myself as, "I am Dominique, and I am a crpytoholic hahaha.

Thanks for the great post and I look forward to reading more of your stuff!

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Welcome to Steemit and thank you for this very nice comment I am sure if you keep writing comments like this one you will get a lot of new friends very fast. I am following you now and I am looking forward to see some posts of you.

Have a nice day and a awesome weekend c ya soon (:

When I first started investing in crypto I was spending all day, every day, watching to charts. I was so stressed that I had to balance myself by smoking weed all of the time. I became reclusive, ignored my friendships and my health decreased. It was not good.... I can totally see how people could develop a crypto addiction. Glad to see there are people working to help those in need

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This post I can relate very well with. I confuse I am an addict to cryptocurrency. Since I started learning crypto last August things have change significant for me.

It feels real real bad right now for me but mentally I try to stay positive and collect my pieces of life and try to put something decent together to call a life worth living.

I would have never thought the things that happened to me recently would be because of crypto but here I am having to deal with it.

Hopefully this gets out more and help others avoid pitfalls of cryptos. Thanks.

It seems to me like Proof of Work is better since it is more energy efficient and you can do more with it.

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Agree, but the cost of mining must help give Bitcoin more of a price floor. I'm more confident in the current price knowing those mining it have invested a lot to get it.

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For now. Ethereum is gaining ground and I guess going to switch to POW. If Bitcoin ever does collapse in prices the miners might shut down which could be the demise of Bitcoin.
Thanks for the upvote. I'd upvote your reply but there is a .02 payout threshold. If you ever get some more SBD you might want to sign up for @dustsweeper.

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Agree, but the cost of mining must help give Bitcoin more of a price floor. I'm more confident in the current price knowing those mining it have invested a lot to get it.

I felt confused with the title haha, I have heard that everything in the process is bad or maybe we should say that every addiction is bad, but I think that bitcoin has created a total exception.

We have decided to put our money and our faith in a mathematical structure that is free of human or political errors. Bitcoin will make the banks what the email did to the postal industry.

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Damn right I totally agree with you.
Thanks for your comment and have a great weekend (:

excessive anything is bad. crypto trading is really a bad idea for a person like me. it gives me a lot of pain. long term investment is a good idea

Cryptocurrency addiction? I have never heard of 'Stock addiction' or 'Work Addiction. It seems somewhat odd that crypto would be treated as such and seems to be just another ploy to invalidate those that have trust in the block-chain.

But then again, what do I know?

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Good point buddy to me it looks like they are putting it similar to a gambling addiction.

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I totally agree with you, I didn't read the comments before stating my opinion. I apologize for that, but that is exactly my opinion. If they are going to take gambling addiction and add so many niches under that than the list will be never-ending. I love to shoot dice, bet on boxing and basketball and now I am a crypto addict lol.. I would just say I am a gambler. I also love to shop, however none of thesethings have ruined my life in a way that would classify me as a typical "addict". I would never spend my last or go rob a bank to buy BTC hahahha.

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Which in itself is absurd. Gambling implies that the odds are unpredictable. With cryptocurrencies there is a lot that can be done to determine risk, i.e, it is an investment. Do they believe that a failed investment is gambling? If so, why are they not cracking down on brokers?

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Yup I totally agree with you.

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in addition to your point @dracosalieri

According to my experience,

  1. Crypto came with so much of innovation and a lots of new stuff that ppl who loved it wanted to know more and more n more about it, indeed for that ppl spent a lot of time. Which might look addicted to non-crypto guys

  2. Whole crypto world was so dynamic that investors had an expectation to grow fast as well save them self’s from sudden falls so that’s the reason ppl were more concerns and did check the market quite frequently, . Which might look addicted to non-crypto guys

  3. It is not like traditional market, best part of it is that its 24x7x365 so yes ppl does the activities related to crypto as per their time n comfort and . Which might look addicted to non-crypto guys

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You make really good points. For the uninformed, it certainly may look like an addiction. But then I would say that those same points could be pointed at commodities like Gold and Silver... I think that there are currently a lot of people who trade Crypto on a day to day basis and the patterns might seem addicting but is it any different from any other market? I might argue that Binary options traders are addicted, but for them, it may be an income like any other.

I think it would be more honest to say that people are addicted to money, not cryptocurrency...

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hahah very true ppl are addicted to money ! and we can easily find it .. So after fuss was started when BTC gained the $ value ;-)

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I totally agree with you, I didn't read the comments before stating my opinion. I apologize for that, but that is exactly my opinion. If they are going to take gambling addiction and add so many niches under that than the list will be never-ending. I love to shoot dice, bet on boxing and basketball and now I am a crypto addict lol.. I would just say I am a gambler. I also love to shop, however none of thesethings have ruined my life in a way that would classify me as a typical "addict". I would never spend my last or go rob a bank to buy BTC hahahha.

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I think the good doctor takes payment in cryptocurrency....

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Correct me if I'm wrong but I would say that "work addiction" would be better known as a workaholic, so yes I have heard of work addiction. I have never heard of stock addiction either, I think that this would all be the same as gambling addiction. For someone to actually separate crypto as its own addiction all together is crazy to me, if that is the case then why isn't there a stock addiction, lotto addiction, scratch off addiction, sports betting addiction etc. The list could go on and on.

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To be fair, an addiction carries with it some very negative connotations. A workaholic really enjoys work but I have never heard of anyone rushing them off for treatment...

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Yup , its looks be -ve when we call it addiction .. Even i have seen many ppl including me given hours to understand more n more about blockchian and related tech .. and it more often call it curiosity ;)

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The Seattle-based exchange, one of the largest in the world, will roll out USD pairings for BTC, USDT and TrueUSD
Initially only available for corporate customers in some states, Bittrex intends to expand the service to retail customers

Bittrex, one of the world’s largest cryptocurrency exchanges, has said that it has made banking agreements that will allow some of its customers to trade crypto for US dollars.

According to the report in Bloomberg, the Seattle-based exchange is working with New York-headquartered Signature Bank to provide the service for corporate clients in certain states - with the bank and some other firms holding the dollar funds.

In an interview, Bittrex CEO Bill Shihara explained how this move is a significant milestone not just for Bittrex, but for the industry as a whole:

“It’s been a long path. It’s not just about banks being able to trust Bittrex. It’s about banks being able to trust crypto in general. And I think it’s really showing that crypto is turning the corner in terms of mainstream acceptance.”

Bill Shihara
Shihara also explained how the traditional banking industry is wary of the cryptocurrency market:

“They really do look and pore through the entire business. They want to make sure that we’ve got robust AML/KYC processes, that we’ve got the right controls on our finances. They do background checks and everything. They really look at our business soup to nuts.”

Bill Shihara
Set to launch fiat trading on Thursday for Bitcoin, Tether and TrueUSD, these pairings for regulatory reasons will only be available to corporate clients in California, New York, Washington and Montana. According to the report however, the exchange intends to expand to retail customers in the future.

With Bittrex offering one of the highest number of crytpocurrency pairings in the world, and a customer base of 3 million users, the new announcement is an important development for the fledgling industry as it pushes more and more into the mainstream.

Sounds like another quack doctor trying to be the first to latch onto the latest gravy train.

I also have mixed feeling when I look at this platform. If the developers would spend a full day on Steemit, I cannot possibly imagine that they would be satisfied, that this was their original intention. Facebook also started with good intentions. They wanted to connect people. They probably didn’t realize that, so many years later, young people become addicted to their daily portion of dopamine. They couldn’t know that people get a false picture of society. Young people in particular are faced with fear, depression or loneliness. And their self-image goes down too (Instagram scores even worse in this area).

And then I ask myself the question: aren’t we creating the devil himself? Innocent looking 'likes' already have such a huge impact on society. Replace those 'likes' with the word 'money' and you get a very dangerous combination.

Sadly there is no other way to protect bitcoin hash other than consume more power.

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true

Gran post

Cryptocurrency addiction. hmmm..never thought it is a thing :(

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this is like Michael Jordan is Basketball addicted, or Tiger Woods is Golf addicted

i love it. Thanks for sharing sir

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thx

Lmaooo this is funny as fark!

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hehehe

Sometimes im addicted but i can manage it.dont let addiction handle you, practice to handle your addiction.this article was great!

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good advice

LoL....This is funny!

I knew this day would come when someone admits that they have an addiction for cryptocurrency mining or trading!

I saw this coming a long time ago when I started seeing patients that always talk about cryptocurrency continuously!

As a self-proclaimed addict...I can say that Castle Craig looks like the kind of place the Deep State might like to send us all...

Here in Venezuela was thought, install a nuclear plant, fortunately was not made, due to the situation country is chaotic maintenance and foreign exchange necessary for it, were led to a certain long-term catastrophe.

Regarding your post very well worked, this helps us think, certain circumstances that leads us as humanity.

Keep growing, keep posting I will be very aware of your information.

Very informative post I always like to show people this video when thinking about the energy usage for POW coins and yes I am a crypto addict lol!

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Thanks for the video and yes I have the same addiction lol ;)

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Good time to be a crypto addict me thinks these last few weeks have been a bit depressing but with a potential crisis in Italy in the mix this should be serve as good reminder as to why crypto was invented.

Gold market is over $7.8 trillion and is nowhere near as easy to use as money, we have room to grow jehhheeezzzzzeeee!!!!

Haha to be frank, i think this is ridiculous to hear. I believe since this is breakthrough new technology, it gives the image of cryptocurrency users as addicts.

Same addiction as video games, a netflix series, etc 😂

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I think he may indicate crypto trading. crypto trading is like addiction

I guess this can be a "thing". I know I can stop at anytime. ;)

Check my blog... Am I over the edge??? http://gettingintobitcoin.blogspot.com/2018/05/bitcoin-price-has-dropped-again-time-to.html

When I runned away from the psychiatric hospital the last time I didn't see anyone there with that problem

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Lol you maybe better run back and have a second look ;)

I can't stop buying Crypto either. At least once a week it's an addiction.

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Fantastic! I know from personal experience how valid the totality of this content truly is. I touch upon it in my blog. Great material!!!

really unexpected, recently I know this news is in rarely read news, from now on will multiply read, thanks for the information

Hi.This post help me very much thanks bro......
In Bangladesh only a few people know about this....

Interesting!

nice articles about crypto

It is a good post!
Please also look at my lovely camp ♪

"I'm addicted to you and I know that you're crypto".
La-la-la, Britney's melody is now in my head. :D

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very very nice post boss. all the best post.

A good idea, but I think it does not overwhelm me, everything I do with a happy mood

Maybe I am addicted . Yes Im sure I am but not more then people addicted to $$$$. ( banks )????? :)

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Very interesting problem, I hope it will never affect me. I just want to be financially free, dump my stupid job and realize my dreams about travelling and knowing new culture.

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I have same idea. want to quit boring old job and travel the world

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Yup that's what I have done since 2012.
I wish you good luck realizing your dreams buddy :)

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Thanks mate :D

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Your welcome buddy :)

Wow, what incredible data. This is the future, my friend, we are already on course.

thank you for sharing, your post is very inspirational

thank you for sharing, your post is very inspirational

Wow this is great putting together thanks for sharing, I really wish my 100% upvote worth something reasonable but I will drop it to show how I appreciate your write-up. I am @luckyspark a relationship expert and life couch you can check on me if you have time thanks.

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Haha, life couch.

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;)

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Thank you I am glad you like my post :)

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Wow I will always make out time to lean and follow those that will impact on me.
You can fill free to check on me if you have time, like I told u I am relationship expert thanks

This greeting bang the first time I singah in the block, greetings know may be to tagehan to stop back hehehe bang @ danyelk

Addiction is a problem, although i don't think it's crypto specifically but more the idea of gambling addiction. The market moves so fast that if you invest a lot into it and study a lot it can take all your money and time.

Remember everyone likes to get a buzz from winning or making money, it makes you feel smarter and you have more money to buy those items you have been craving.

This is something new. I also didn't know that i am cryptocurrency addicted. Great post as always

I'm too aloof for addiction. I browse every so often and that's it.

It's just gambling addiction. Nothing new here from my perspective.

All about crpto and bitcoin...... Nice one

Demasiado Bueno Compañero @danyelk gracias por compartir esta Valiosa infomacion te apoyo, saludos Hermano!

I saw this in the news but the stuff is so real .

very good

Excelentt post dear friend :) @danyelk

That last question is the clincher.

I am a crypto addict, I think I should go there!

This is very similar to the typical Internet addiction, just the object of dependence is bitcoin.

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more than internet addiction. in case of cryptocurency, you may lose or earn money. thats makes you so excited

Based on the fact we see from our view all that science comes from various writings, information, and news. So I really like to read about news that makes me interesting and want to read it over and over again .. Like that make this news. Thank you for the very useful news... @danyelk

Nice post..

I'm really proud, because a post I might have known before, maybe many of us would be working on it.

Great post, this is a problem that is growing like wild fire, I think everyone has past through this. I am definitely some one that past through it, at @Layra, we discuss as a team this issue and help each other out if needed. Greetings

I read this and I am not sure whether I should take this Bitcoin Addiction thing seriously or not. To me, it read like a joke.

I hope it is, but I can see how there is some reality to it. That being said, almost everything can be addictive to someone and I think the main problem here lies less in Bitcoin being addicting but the internet and its possibilities.

Internet addiction is a real thing, as are addiction to porn, social media and the likes. Bitcoin is just the hydra having grown a new head.

Hahaha...it is not an addict!!
I never heard that any kind of work addiction.
So be it..whatever!!
Keep going with crypto world my crypto enthusiast!! :)

I used to be like this. Constantly checking coinmarketcap. Now I just don't care anymore.

There are going to be good periods and bad periods for crypto but as long as we HODL all we be good in the long term.

I don't believe in an addiction to gambling or porn. If you are an alcoholic or heroin addict or smoker that is a physical addiction and you go thru withdrawal when you quit. Gambling addiction has no physical symptoms you can point to. Calling something an addiction negates your own personal responsibility. Just stop gambling.

the best thing if you have lot of wealth and want to remain simple no one will find out about your wealth because its in the blockchain

It is certainly possible to become addicted to cryptocurrencies. It could be to trading, to mining or to blogging in steemit. The moment any of these activities disrupts family/work/relationships it becomes a problem.

Might as well they treat Facebook addiction.

social-media-and-maturity.jpg

@danyelk thanks for this great article

I think Its not an addict ! Addiction to gambling is real , drink so much alcohol is addiction but Cryptocurrency is a diffirent work and complicated system .. If you are know that so much information this system maybe You can be a King of Money ;) Dont think the other issues just focus Crypto World ;)

Meditation may be a solution?

https://bit.ly/2LMir8q

good post

Yes you are right too much if everything is not good even too much cash is not healthy...send same cash to my account for safe keeping

Only Addiction worth having in this world of disastrous addictions!!

what an amazing post it continues like this

what an amazing post it continues like this

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Wowww this is very good...thanks @danyelk

Well I wouldn t say that what you describe is a cryptocurrency addiction, I would say that it s a trading addiction. The same problems happen to stock traders too.

Thanks for this post.

I think this is more of a placebo write up. Some people will start thinking that crypto addiction is a thing.

Whether it is an addiction to games, gambling, women or trading crypto. Anything excess is bad is my perspective. We should control our limit in this matter so we will not end up like what happen to some people who committed suicide because of overdoing this. This is useful information. Great read

Some people thinks in treating some addictions to cryptocurrency, smartphones or having 22 hours stucked on your PC is like some serious diseases as drugs, alcohol, gambling, or sex -also porn addictions count-. Everyone has involved to the cryptocurrency because they want to earn for self-efficiency without third patrt involving. I cannot consider it as an addiction, because mind disorders are created due individual behavior while facing the interests in this area. I mean, the involved put the 95% of the foult and then the cryptocurrency just put the 5%

    I think that we don't need to go rehab because our interests on cryptocurrency. It's just an habit which must be controlled by ourselves. Is not like getting junked, or booced,or be a sick gambler, or sex or porn-addicted which are real issues to need a rehab treatment. I deny myself to assume that i could get viced by crypto...

    Excellent post friend, always following your work, from #Venezuela supporting you and learning every day more with your publications ... success
    @danyelk

    The new opium of the masses

    Everything in excess is bad, but we do not worry about winning too much in cryptomoneda xD ahaha. We also did not know that we are addicted cryptocurrencies. Great publication..!! :D

    Congratulations @danyelk!
    Your post was mentioned in the Steemit Hit Parade in the following categories:

    • Comments - Ranked 10 with 145 comments
    • Pending payout - Ranked 1 with $ 871,5

    The stock market dated back to 1531, and started in Belgium. And i never heard of a stock market addiction hospital. https://www.investopedia.com/articles/07/stock-exchange-history.asp

    And bitcoin is 9 year's old and they already concluded it's the same as the stock market, and already created a hospital for it????

    And the symptoms are the same what everyone could get from any type of work, in fact, people get even wurst symptoms from normal work. Does that mean work is a addiction to?? That is the logic what they use in the article.

    Not to mention the mining part, who's mining bitcoin nowadays??? Beside that there is also wind, water and energy from the sun what can be used.

    That saying, the article is nonsense really. Its just another elite group who wants to label a group, and start calling them sick. But to me that is just their point of view. To me what is really sick, is to start wars for profit, to earn money from medicines, to invest more in defence then in education, jobs or health. If you ask me then the 1% of the population of the world, who dominate everything is sick, and the other 99% just tries to survive!

    Not to mention that they are overlooking the real purpose of money, its a trading system to create a more secure world. And that when wrong with the currency we have now. And there for they created cryptocurrency, to make life easier, better, safer in our society.

    That some guys are doing stupid moves with crypto, has nothing to do with crypto, and has more to do with that idiots are everywhere! Just saying!

    Addiction is a condition in which a person engages in use of a substance or in a behavior.but you have to maintain the limit.for any reasons to exceed anything is not so good. We need to think this. I am agree with you. Great content @danyelk