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The currency only has value because it was purchased indirectly via compute. Just like how dollars became valuable because they were purchased with gold. The co
by BigParm 2y ago
The currency only has value because it was purchased indirectly via compute. Just like how dollars became valuable because they were purchased with gold. The cost of gold was mining.
Is Bitcoin inherently worth less than dollars? What about gold? Why?
I don't see how you can make currency valuable unless you pay something for it. So I don't see how dollars are environmentally more friendly than dollars. If that's your point.
- salomonk_mur 2y agoDollars have not been purchased with gold for a long, long time. As a matter of fact, most dollars are indeed created without "paying something for them". Out of thin air. They are just points in a database, no more real than the Bitcoins you say need to be "mined".