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Someone's been reading their Georges Bataille... Edit for less smug more content: sacrifice is an interesting lens through which to look at bitcoin. You could
by smogcutter 9y ago
Someone's been reading their Georges Bataille...
Edit for less smug more content: sacrifice is an interesting lens through which to look at bitcoin. You could argue that burning "excess" compute power is the real point, not the tokens.
- walterbell 9y agoIt's not excess/surplus when computed on mining-specific ASICs.
- smogcutter 9y agoOn the contrary, it's even more so (with regard to this line of argument). That capital could've become any number of things instead.