• LeninWalksTheWorld [any]
    ·
    4 years ago

    inventing digital money but giving it the same scarcity as gold... capitalism truly fosters innovation

    • sam5673 [none/use name]
      ·
      4 years ago

      The scarcity is the entire point. Just randomly giving them out would be silly(er)

      • LeninWalksTheWorld [any]
        ·
        4 years ago

        well I suppose it makes sense if you are trying to create a speculative commodity to buy and sell, but bitcoin ain't ever replacing fiat money if it isn't unlimited, that's why fiat money is so great

        • sam5673 [none/use name]
          ·
          4 years ago

          It's barely even a commodity tbh it's a number someone has essentially written down in a tamper resistant book.

    • thisismyrealname [he/him]
      ·
      4 years ago

      someone (i think riley) on trashfuture made the point that crypto is such a waste of energy precisely because they're trying to enforce scarcity on data, something that usually requires an infinitesimal amount of energy to reproduce