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It doesn't cost in electricity. Like everything it costs in time. It's always ten minutes whatever happens. Bitcoin is increasing the amount of nonsense and wa
by neilwilson 9y ago
It doesn't cost in electricity. Like everything it costs in time. It's always ten minutes whatever happens.
Bitcoin is increasing the amount of nonsense and waste we can generate in ten minutes. And under standard economic guff like that expressed in the OP that's considered an increase in productivity.