How To Think Straight About Bitcoin's Social Costs And Benefits

Proponents of Bitcoin have been known to downplay the costs, or even count them as benefits, while opponents have been known to downplay the benefits and even count them as costs.Bitcoin’s demand for electricity contributes to total demand and thereby to determining the price of electricity.Many Bitcoin investors don’t think that the odds of coming out ahead are stacked against them the way like the odds in casino games and lotteries, but on the contrary are in their favor.In the event that the value of Bitcoin goes to zero, investors would give back the gains they enjoyed during Bitcoin’s rise from zero to its peak.