Cryptocurrency is traded through a system called blockchain, which involves a ‘sender’ and ‘receiver’ of the transaction record, along with a ‘miner’ who verifies the transaction’s integrity. Essentially, it is a multi-party system that depends on computer hardware known as a server. Running a computer to calculate and validate transactions consumes electricity, and to participate in the blockchain network, the cryptocurrency issuer must pay a fee. This fee effectively reflects electricity costs. Since the blockchain system relies on electricity, the core of cryptocurrency ultimately comes down to energy. - Joseph’s “just my thoughts”
Before the high level of civilization, human life was tribal. However human beings were needed for the large-scale labor force for industrialization, so people were gathering in the cities for a living. That was the detribalization. These days when we are developed by social media, people are used to selectively make a relationship with those who have similar philosophies and preferences. Rather, the new media makes the retribalization in different meanings. Therefore, now human relationships are becoming more important the interests and preferences. When choosing to make a relationship, people gather according to their preferences. Communication is narrower and more easily ostracized. - Joseph’s “just my thoughts”