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Electricity isn’t a magical thing given to us by the high priests of the Ministry of Electrons. Take a magnet, take a copper wire, and voilà! You have electrici
by redeyedtreefrog 4y ago
Electricity isn’t a magical thing given to us by the high priests of the Ministry of Electrons. Take a magnet, take a copper wire, and voilà! You have electricity. Anyone can generate electricity at all times, as long as they are doing the required work. Electricity is here to stay precisely because it is not brought about by authority. It is a natural phenomenon, brought about by physical interaction. There is no central authority in charge when it comes to making it.
My God is this drivel what passes for "intelligent" pro-bitcoin writing? Nation states don't control the existence of electricity, nation states also don't control the existence of bitcoin, therefore bitcoin is as important and fundamental as electricity. Gotcha.
- ashwagary 4y agoIf so, why are many people ok with the notion of the state dictating how electricity should be used?
- kingofheroes 4y agoBecause the infrastructure that is needed to both generate and distribute electricity (thus making it "usable") is often partially or fully state funded. I think thats the case even in the United States; while power companies are privately owned, the cost of building new electrical infrastructure is often subsidized by city and/or state governments.
- RestlessMind 4y agoSo if I were to buy a few acres in a cheap place in the Southwest (AZ or NM or West TX), install solar panels to generate electricity and set up rest of the machinery (ASICs, internet fiber) to mine bitcoins, you won't have a problem with that?
- ashwagary 4y agoI think so, proof of work is ideal for the development and cultivation of stranded energy.