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guappa
on Jan 11, 2024
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Spot Bitcoin ETF receives official approval from t...
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
on Jan 11, 2024
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What do think happens if you let people create money without doing the equivalent work?
guappa
on Jan 11, 2024
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Why 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
on Jan 11, 2024
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Because then you are monetizing the work in other ways and so you still end up creating the money for free.
smoldesu
on Jan 11, 2024
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You waste less energy? Ethereum seemed to figure this out despite being entirely dysfunctional.
guappa
on Jan 15, 2024
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For him, wasting energy is the entire point that assigns value to the tokens… Does it make sense? No, of course not.
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