G3rn0ti

49 ms·

541.
by G3rn0ti 6y ago
> it’s all artificial value The distinction between artificial and natural i.e. intrinsic value is completely arbitrary if you think it through. Where do you think comes the value of dollar bills from? Of course, why things have value or
542.
by G3rn0ti 6y ago
> major problems such as the energy consumption issues You don’t seem to know much about crypto currencies to name energy usage as a real problem of crypto. While Bitcoin will keep it’s “proof of work” approach to mining in the foreseeab
543.
by G3rn0ti 6y ago
What’s the advantage over a „multi sig“ wallet?
544.
by G3rn0ti 6y ago
Part of the emission trading concept is to reduce the number of certificates in circulation overtime to increase the energy saving incentive („cap and trade“). The government can do this by buying certificates or reducing the amount free ce
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by G3rn0ti 6y ago
Yes, that’s why a carbon tax is stupid and „emissions trading“ was invented. Under such a system the government sells a limited amount of certificates during an IPO. Later, the biggest energy consumers buy emission rights from the best ener
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by G3rn0ti 6y ago
That’s nonsense. Only miners can create new Bitcoin. What Coinbase could do is to issue a financial derivative backed by Bitcoin e.g. a “Coinbase Penny” representing a 1/1000th of Bitcoins. And then could go on issue more of those penn
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by G3rn0ti 6y ago
You own your Bitcoin as long as there is at least a single node out there storing its Blockchain. But it would be the only instance left that could confirm your ownership in that doomsday vision of yours. You can think of Bitcoin as a kind