I'm not sure BitCoin is all that secure. Also I think the mining of BitCoin is the electronic equivalent of digging holes and filling them in again. Work does not necessarily create value.
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I'm not sure BitCoin is all that secure. Also I think the mining of BitCoin is the electronic equivalent of digging holes and filling them in again. Work does not necessarily create value.
I always understood it that mining involved the solving of complex mathematical equations, such as prime numbers. That these can be used in practical applications. Possibly building rockets to Mars for all those elite bankers. There's a hope. Of course it is ironic, or rather in the nature of things, that we can see the development of technology based on a bright and shiny future emerge at the same time that objective reality is pushing us towards the edge of extinction.