2 ms·
I go to the store and buy a pencil. Now I have apparently 1 pencil worth 1 fiat and someone else now has 1 fiat? What a preposterous notion!
by Dilettante_ 4mo ago
I go to the store and buy a pencil. Now I have apparently 1 pencil worth 1 fiat and someone else now has 1 fiat? What a preposterous notion!
- blenklo 4mo agoThe pencil was made with 'work'. You exchange existing work with 1 fiat. If you do not consume this work, you can exchange it back.
- Dilettante_ 4mo agoThe cryptocurency was also made with work. Hardware, electricity, and time were invested into the 1 unit of crypto. It's literally called Proof-Of-Work.