Satoshi spent real resources to mine, yes they were negligible at the time, but it was real resources. I recall genesis block took 6 days of hashing at difficulty 1. Vitalik just hit print.
BitAxe is a toy, yes. But my point was that people are mining sats. You just don’t see the value in the hardware and energy outlay for integrity. That’s the disconnect. PoS has no real world binding, and so must rely on humans for integrity. Bitcoin… offers an alternative. ETH PoS is more of the same. I don’t trust humans, you trust them too much.
BitAxe is a toy, yes. But my point was that people are mining sats. You just don’t see the value in the hardware and energy outlay for integrity. That’s the disconnect. PoS has no real world binding, and so must rely on humans for integrity. Bitcoin… offers an alternative. ETH PoS is more of the same. I don’t trust humans, you trust them too much.