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PoW isn’t useless, in fact, the energy cost of PoW is proportional to its demand.
by toxik 5y ago
PoW isn’t useless, in fact, the energy cost of PoW is proportional to its demand.
- wussboy 5y agoTo its "demand" perhaps, but not it's value.
- quickthrower2 5y agoDemand for a decentralised Ponzi scheme.
- toxik 5y agoExplain to me how Bitcoin is a Ponzi scheme. There is no buy-in, there is no exit strategy, no dividends, no recruiting, there is nothing that makes it look like a pyramid scheme of any kind. Maybe you mean that the early holders of Bitcoin have gained more wealth than later adopters or something? I'm not sure what you mean, actually. But that is just how a market works.