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The US Dollar is tightly coupled with assets, and tangible goods and services that provide a substantial portion of its stability. Bitcoin, however, is based on
by ratsmack 4y ago
The US Dollar is tightly coupled with assets, and tangible goods and services that provide a substantial portion of its stability. Bitcoin, however, is based on burning through terawatts of electrical power in order to "prove work" and actually produce nothing but waste heat.
- deeptote 4y agoThe irony is there's use cases for that waste heat. - Utilities could use the extra boost of heat in winter - producing potable water The coin produced from these processes could then be used as tradable units. "Heat Coin" or "Fresh Water Coin" would ease the transaction of these resources. Hence, we get to the root of the problem of any "Coin": it is inherently worthless without any real asset or unit of production to back it's value.