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Bitcoin is ultimately limited by blockchain's conceptual framework where scalability was never a priority. Thus, engineering's best efforts notwithstanding, classic block structures cannot and most probably will not handle the transaction volumes of the new digital economy.
NASDAQ - July 7, 2021
Bitcoin is highly centralized with a small number of miners controlling a majority of the hashing power. The Bitcoin hash rate plunged 35% when a single coal mine in Xinjiang flooded ... a stark reminder of how centralized the Bitcoin network has become.
Yahoo Finance - October 4, 2021
A single Bitcoin transaction is estimated to burn 2,292.5 kilowatt hours of electricity, enough to power a typical US household for over 78 days. The carbon footprint of that transaction is also equivalent to more than 2,400,000 VISA transactions.
PC Magazine - January 8, 2022
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