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kenny 🎩 pfp
kenny 🎩
@kenny
the "bitcoin uses a lot of energy" critique is so misinformed traditional money is backed by energy too, you just don't see it a dollar is worth a dollar because if someone tries to counterfeit a dollar they get thrown in a prison by guys with guns that's a gigantic energy overhead, what is the cost of having to monitor and stop all counterfeiting of all fiat money everywhere in the world at all times? mining covers that overhead in Bitcoin you replace guys with guns with clever cryptography + provable power expenditure to have a system of reliable money seems like a fair trade off, no?
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Tos Van Der Togt pfp
Tos Van Der Togt
@tvdtogt
And a currency like the dollar gets value of the oil industry!
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