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But at least gold isn't designed to make you waste as much energy as you can to secure its value. Instead, Bitcoin (and every other proof of work cryptocurrency

• duskwuff 9y ago
  Precisely. Bitcoin is, by design, a Red Queen's race -- miners are incentivised to spend more energy on mining, but the total reward available to miners is fixed. "Well, in our country," said Alice, still panting a little, "you'd generally get to somewhere else—if you run very fast for a long time, as we've been doing." "A slow sort of country!" said the Queen. "Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!"