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If you just hold bitcoins they just sit there too mostly. It takes energy to mine them just like it takes energy to mine gold. It seems it takes a bit more ener
by runsWphotons 6y ago
If you just hold bitcoins they just sit there too mostly. It takes energy to mine them just like it takes energy to mine gold. It seems it takes a bit more energy to mine a bitcoin than an ounce of gold, but bitcoins have other properties that gold doesn't. (https://www.nature.com/articles/d41586-018-07283-3 https://www.nature.com/articles/d41586-018-07283-3)
- api 6y agoIf you turn off the chain bitcoins still exist, but they are not fungible. What value do they have when they can't be traded?