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It represents the resource and infrastructure investment needed to calculate the solution to a block. The resource being electricity, and the infrastructure be
by shepardrtc 10y ago
It represents the resource and infrastructure investment needed to calculate the solution to a block. The resource being electricity, and the infrastructure being the computer and any peripherals needed (i.e. expensive video card).
- Spivak 10y agoIt represents the resource and infrastructure investment needed to produce the note. The resources being ink and paper, and the infrastructure being the machinery, labor, electricity, gas and trucks needed. You're not really arguing that currency derives its value from the material cost of producing it, are you? Because then everything is a currency. Modern currencies are special precisely because they have much more value than their material cost.