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It's literally doing busywork just to assign a value to the mining. It's beautiful if you're a business major who has no regard to real world.
by guappa 3y ago
It's literally doing busywork just to assign a value to the mining. It's beautiful if you're a business major who has no regard to real world.
- npoc 3y agoWhat do think happens if you let people create money without doing the equivalent work?
- guappa 3y agoWhy do we let people create money where the work is "waste energy" instead of create money where the work is "build something we need"?
- npoc 3y agoBecause then you are monetizing the work in other ways and so you still end up creating the money for free.
- smoldesu 3y agoYou waste less energy? Ethereum seemed to figure this out despite being entirely dysfunctional.
- guappa 3y agoFor him, wasting energy is the entire point that assigns value to the tokens… Does it make sense? No, of course not.