3 ms·
The value of wood derives from utility. You can see and understand the utility of wood and yet do not see the absurdity of cutting down trees and burning them a
by throw2016 9y ago
The value of wood derives from utility. You can see and understand the utility of wood and yet do not see the absurdity of cutting down trees and burning them as 'proof of work' for zero utility simply because 'you' want to use it as a medium of exchange and speculation?
This is what current crypto currencies are doing. How long before people notice you are wasting wood for no purpose and put a stop to your activities?
- Shorel 9y agoThe value of trees is much higher than the commercial value of their wood.
- usrusr 9y agoNot when they are cut down and burnt to operate a blockchain that runs on smoke signals.
- Shorel 9y agoYes, it still is. Externalities* apply here. Global warming is one of them. Increased vulnerability to desertification is another effect. * https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality
- usrusr 9y agoMaybe I was being too literal: once burned, that value is gone. We agree on the cost of burning.