Notes

Arif Efendi Arif Efendi: Why cryptocurrency will not go away
Arif Efendi (a London-based entrepreneur) gives his thoughts on cryptocurrency and Sweden's call for the EU to prohibit Bitcoin Mining.
Arif Efendi is a businessman who is a skeptic about cryptocurrency.
According to businessman Arif Efendi cryptocurrency has come under attack in recent years. According to Arif Efendi a businessman, cryptocurrency has been under attack in recent times. A development that has grown globally, bitcoin mining was banned by EU.
Arif Efendi He added that there are still many positive aspects to cybercash.

What's all the fuss about Cryptocurrency and the hype surrounding it?
https://www.turcology.org/en/haci-ali-arif-efendi-and-his-divance-16570 While the term "cryptocurrency" that has been around since about a decade back, it has only been popularized in recent years.

Recent headlines have been focused on cryptocurrency. In recent times, they have become the topic of conversation because Sweden is asking for the European Union to ban Bitcoin mining.

What's the issue with cryptocurrency?

These are common questions that I encounter after many years of investment and research. Let's take a dive together and explore cryptocurrency.

What is cryptocurrency?
Digital money is cryptocurrency at its most basic. It is not an actual currency. The only way to earn money is via data.

Furthermore, cryptocurrencies are types of digital currencies designed for use on peer-to peer networks that are not controlled by a central authority. Bitcoin is among the most well-known cryptocurrency.

Bitcoins and cybercash have features of decentralization since they operate without a central banking system or a single administrator.

One of the other advantages of cryptocurrency is the centralization of control, which provides more secure and private since it utilizes cryptography.
The benefits of crypto over conventional currency are numerous. Arif Efendi For instance, it is unable to be debased or counterfeited due to the cryptographic protocols that ensure the currency's existence.

Furthermore, cryptocurrency accounts aren't able to go "into the red" as cryptocurrency doesn't have an account balance that can create a deficit.

Arif Efendi In addition, cryptocurrency allows fast transactions with various people from around the globe that have a reasonable degree trust.

What is the difference between cryptocurrency and stocks?
The cryptocurrency is more valuable than stocks as it is a digital currency which makes use of cryptography to conduct transactions.

There is no central bank system. The cryptocurrency market usually involves cryptocurrency investing and trading.

Brokers and stock traders deal in shares on the stock exchange. Stocks represent ownership stake in a company so it can be traded or sold at a profit based on the performance of the business.

The price of stocks fluctuates daily due to supply and demand and the general health of the economy as well as the value that investors perceive potential gains from the growth of a company, etc.

However, the prices of cryptocurrency seldom change between 1-2% per day.

What is the reason why cryptocurrency is so popular?
The cryptocurrency market is growing rapidly in popularity right now. The benefits of cryptocurrency is the main reason investors are making investments in it. While information about cryptocurrency has been available for many years, it is now receiving more recognition.

Cryptocurrency offers people total control over their money. It is not tied to banks or financial institutions. It is also decentralized, meaning that no one business, organization or group has it. The ability to be in charge of your own money is what attracts many people, including me, to cryptocurrency.

https://soundcloud.com/arif-efendi-189561043 What's the reason Sweden would like the EU to ban Bitcoin mining?
Arif Efendi Despite its widespread popularity, EU lawmakers are currently examining new legislation that will prohibit energy-intensive cryptocurrency mining from being implemented in all countries of the EU.

The legislation is being proposed due to cryptocurrency miners draining the power supply in Sweden for their own gain. Since the last few years it has become a common method to mine cryptocurrency.

Bitcoin was initially mined using regular processor units. It quickly became clear that this was too slow. The majority of cryptocurrency now comes from large mining pools. They consume massive amounts of energy, which is why this issue is a problem for the Swedes.


Open letter to EU authors states that Bitcoin mining in Sweden is now consuming 1 TeraWatt an hour annually. The names of the writers are Bjorn Risinger director of the Swedish Environmental Protection Agency, and Erik Thedeen, director of the Swedish Financial Supervisory Authority

This will power 200,000 households. Bjorn Risinger & Erik Thedeen claim that cryptocurrency miners consume the increasing amount of Swedish renewable energy.

"If we were allowed to mine cryptoassets in Sweden, then there is a chance that the renewable energy offered to us will not suffice to meet the necessary climate change," the Swedes wrote in a letter to the EU.

Erik Thedeen (Bjorn Risinger) and Erik Thedeen (Erik Thedeen) refer to Sweden’s climate obligation in the 2015 Paris Agreement.

The cryptocurrency and the climate coexist
While cryptocurrency is becoming more prominent and discussed than any time in the past in the media, it is still controversial.

Ipersonally enjoy cryptocurrency and its endless opportunities. It's here to stay, and I'm confident it'll generate a lot of attention within the next few years.

While we wait, I hope we find a way to allow the cryptocurrency and the climate to be in harmony.



Here's my website: https://www.ketebe.org/sanatkar/bakkal-arif-efendi-170