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It's valuable because of unforgeable costliness. And to make it difficult to forge transactions it asks you provably(!) burn some electricity.
by inter_netuser 6y ago
It's valuable because of unforgeable costliness.
And to make it difficult to forge transactions it asks you provably(!) burn some electricity.
- tsimionescu 6y agoNo, it's valuable because people trust that others will buy it. That trust is somewhat motivated by Satoshi's protocol, but it is much more motivated by simply seeing that others trust it.