MicroStrategy CEO Michael Saylor did his homework on Energy Usage VS Asset Value, and bitcoin outperforms by a lot. 📊🚀
Earlier this year, Saylor and Elon Musk created the Bitcoin Mining Council to monitor, among other things, energy usage among Bitcoin miners. For its first report, the group surveyed about 30% of the worldwide network and found that the energy used by miners was about 68% renewable. “There isn’t any other major industry that uses more sustainable energy than Bitcoin,” Saylor says. Further, the Bitcoin network’s energy consumption is negligible relative to total global consumption.
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Earlier this year, Saylor and Elon Musk created the Bitcoin Mining Council to monitor, among other things, energy usage among Bitcoin miners. For its first report, the group surveyed about 30% of the worldwide network and found that the energy used by miners was about 68% renewable. “There isn’t any other major industry that uses more sustainable energy than Bitcoin,” Saylor says. Further, the Bitcoin network’s energy consumption is negligible relative to total global consumption.
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Medium
More than 2,300 US businesses accept cryptocurrencies, according to one estimate from late 2020, and that doesn’t include bitcoin ATMs. An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes.
The use of crypto for conducting business presents a host of opportunities and challenges.
Here's a list that shows a few uses of the Citrus Token.
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The use of crypto for conducting business presents a host of opportunities and challenges.
Here's a list that shows a few uses of the Citrus Token.
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For more information, visit citrus.tech
Medium
The Citrus token is one of the best forms of payment. It has all the properties like Store of value (SoV), Medium of exchange, and Unit of account. 🔊
CTS is superior to all existing fiat currencies and gold itself as it's more scarce, verifiable, censorship-resistant, decentralizeD. ✨
What do you like the most about Citrus Token?❓🥳
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CTS is superior to all existing fiat currencies and gold itself as it's more scarce, verifiable, censorship-resistant, decentralizeD. ✨
What do you like the most about Citrus Token?❓🥳
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Medium
Money has three primary functions.
Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
Unit of Account: It is a standard numerical unit of measurement of the market value of goods, services, and other transactions. To function as a unit of account, money must be divisible into smaller units without loss of value.
Store of Value: To act as a store of value, money must be reliably saved, stored, and retrieved. It must be predictably usable as a medium of exchange when it is retrieved.
Do you think Citrus Token fits the criteria of being money?
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Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
Unit of Account: It is a standard numerical unit of measurement of the market value of goods, services, and other transactions. To function as a unit of account, money must be divisible into smaller units without loss of value.
Store of Value: To act as a store of value, money must be reliably saved, stored, and retrieved. It must be predictably usable as a medium of exchange when it is retrieved.
Do you think Citrus Token fits the criteria of being money?
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Medium
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The blockchain trilemma describes that greater scalability is possible, but there are trade-offs between the three.
Blockchains are often forced to make trade-offs that prevent them from achieving all 3 aspects:
1. Decentralized: creating a blockchain system that does not rely on a central point of control
2. Scalable: the ability for a blockchain system to handle an increasingly growing amount of transactions
3. Secure: the ability of the blockchain system to operate as expected, defend itself from attacks, bugs, and other unforeseen issues
Citrus has all three factors,
It is truly decentralized, fully scalable and is super secure.
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Blockchains are often forced to make trade-offs that prevent them from achieving all 3 aspects:
1. Decentralized: creating a blockchain system that does not rely on a central point of control
2. Scalable: the ability for a blockchain system to handle an increasingly growing amount of transactions
3. Secure: the ability of the blockchain system to operate as expected, defend itself from attacks, bugs, and other unforeseen issues
Citrus has all three factors,
It is truly decentralized, fully scalable and is super secure.
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For more details, visit our website citrus.tech
Medium
Citrus Token is a type of digital currency supported by blockchain technology. It functions as a medium of exchange and can also be held as an asset or investment. Decentralization is the major feature and advantage of Citrus Token, as it is not issued by a central authority such as a country’s central bank.
“Hodling” refers to the buy-and-hold strategy. Buy-and-hold investors tend to hold their assets for an extended period to profit from the long-term value appreciation. In contrast, traders are much more active in transactions and seek returns by buying at low prices and selling at high prices.
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“Hodling” refers to the buy-and-hold strategy. Buy-and-hold investors tend to hold their assets for an extended period to profit from the long-term value appreciation. In contrast, traders are much more active in transactions and seek returns by buying at low prices and selling at high prices.
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For more details, visit our website citrus.tech
Medium
May this year bring new happiness, new goals, new achievements, and a lot of new inspirations to your life.
Wishing every day of the new year to be filled with success, happiness, and prosperity for you.
Here's wishing you all the joy of the season.
Have a Happy New Year!🎉🥳
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Wishing every day of the new year to be filled with success, happiness, and prosperity for you.
Here's wishing you all the joy of the season.
Have a Happy New Year!🎉🥳
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For more details, visit our website citrus.tech
Medium
An ideal store of value will be:
Durable: The good must not be perishable or easily destroyed. Thus wheat is not an ideal store of value
*
Portable: The good must be easy to transport and store, making it possible to secure it against loss or theft and allowing it to facilitate long-distance trade.
*
Fungible: One specimen of the good should be interchangeable with another of equal quantity. Without fungibility, the coincidence of wants problem remains unsolved. Thus gold is better than diamonds, which are irregular in shape and quality.
*
Verifiable: Easy verification increases the confidence of its recipient in trade and increases the likelihood a trade will be consummated.
*
Divisible: The good must be easy to subdivide.
*
Scarce: The good must not be abundant or easy to either obtain or produce in quantity. Scarcity is perhaps the most important attribute of a store of value as it taps into the innate human desire to collect that which is rare. It is the source of the original value of the store of value.
*
Established history: the longer the good is perceived to have been valuable by society, the greater its appeal as a store of value.
*
Censorship-resistant: That is, how difficult is it for an external party such as a corporation or state to prevent the owner of the good from keeping and using it.
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Durable: The good must not be perishable or easily destroyed. Thus wheat is not an ideal store of value
*
Portable: The good must be easy to transport and store, making it possible to secure it against loss or theft and allowing it to facilitate long-distance trade.
*
Fungible: One specimen of the good should be interchangeable with another of equal quantity. Without fungibility, the coincidence of wants problem remains unsolved. Thus gold is better than diamonds, which are irregular in shape and quality.
*
Verifiable: Easy verification increases the confidence of its recipient in trade and increases the likelihood a trade will be consummated.
*
Divisible: The good must be easy to subdivide.
*
Scarce: The good must not be abundant or easy to either obtain or produce in quantity. Scarcity is perhaps the most important attribute of a store of value as it taps into the innate human desire to collect that which is rare. It is the source of the original value of the store of value.
*
Established history: the longer the good is perceived to have been valuable by society, the greater its appeal as a store of value.
*
Censorship-resistant: That is, how difficult is it for an external party such as a corporation or state to prevent the owner of the good from keeping and using it.
Stay Safe, Stay Tuned
Thank you!!
For more details, visit our website citrus.tech
Medium
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