npoc
Joined 3 years ago
Joined 3 years ago
e.g.
If money took no energy to create, what would it be worth? What if you limited its effortless creation to just a few people?
What do you think about the enormous energy usage (far more than bitcoin) in mining gold?
The block reward halving every 4 years means that in 3 halvings (8-12 years), miners will spend roughly the same on electricity at $1M/BTC as they do now at $125k/BTC.
Further, at historical rates of dollar devaluation, in a decade $1M will only be worth ~$500k today, and so really only roughly two halvings are required to even the electricity use between $125k/BTC and $1M/BTC
If you think it's one of the least interesting technologies, then I suggest you don't understand the power of ideal scarcity in a liquid, digital asset
Financial experts (of whom many don't get bitcoin) understand finance.
The only story is your condescending description of my reply.
So again, as I said, please GFY.