3 ms·
You are literally correct, but if I use excess energy in Iceland to create Bitcoin, which I electronically send to Chile to finance a hydroelectric power plant,
by mwattsun 5y ago
You are literally correct, but if I use excess energy in Iceland to create Bitcoin, which I electronically send to Chile to finance a hydroelectric power plant, thus making electricity available in Chile that previously wasn't, how is that not like charging up a battery in Iceland and sending it to Chile?
- woodruffw 5y agoBecause you've expended the energy twice: once in Iceland, and again in Chile. The "battery" analogy requires a transfer of power, not a transfer of proof that the power was spent.