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
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
inventing digital money but giving it the same scarcity as gold... capitalism truly fosters innovation
The scarcity is the entire point. Just randomly giving them out would be silly(er)
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
It's barely even a commodity tbh it's a number someone has essentially written down in a tamper resistant book.
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