While yes, Bitcoin 𝗮𝗹𝘀𝗼 solved the energy destruction enabled by the dollar, what I said is actually much more basic than that.
What is "Proof of Work" actually?
It's nothing more than proving that you have the cheapest source of energy, and the fastest silicone. That's is.
The rewards pie is fixed. So the one who gets the biggest chunk of it will 𝗮𝗹𝘄𝗮𝘆𝘀 get the one who gets the cheapest (aka most efficient) energy to lower costs, and fastest silicone to produce more hashes.
If Bitcoin becomes big enough, miners will compete for finding and even producing the most efficient sources of energy (as they're already doing). In some cases they just happen to be renewables. Whatever source miners end up pushing and developing will be the cheapest, and as a result become most abundant that the rest of us will use as well. Likewise miners will push for more and more efficient and faster silicone (as they also are already doing), and the rest of us will also benefit from faster computers and smartphones.
MTozoni ⚡😺
npub10k…z4y6g
2023-03-25 10:56:46
in reply to nevent1q…7mjv
Author Public Key
npub10ke32hpkj9l0765w0k37pcjd739humclg36zmntcea240t7e6apqwz4y6gPublished at
2023-03-25 10:56:46Event JSON
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"pubkey": "7db3155c36917eff6a8e7da3e0e24df44b7e6f1f44742dcd78cf5557afd9d742",
"created_at": 1679741806,
"kind": 1,
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"content": "While yes, Bitcoin 𝗮𝗹𝘀𝗼 solved the energy destruction enabled by the dollar, what I said is actually much more basic than that.\n\nWhat is \"Proof of Work\" actually?\nIt's nothing more than proving that you have the cheapest source of energy, and the fastest silicone. That's is.\n\nThe rewards pie is fixed. So the one who gets the biggest chunk of it will 𝗮𝗹𝘄𝗮𝘆𝘀 get the one who gets the cheapest (aka most efficient) energy to lower costs, and fastest silicone to produce more hashes.\n\nIf Bitcoin becomes big enough, miners will compete for finding and even producing the most efficient sources of energy (as they're already doing). In some cases they just happen to be renewables. Whatever source miners end up pushing and developing will be the cheapest, and as a result become most abundant that the rest of us will use as well. Likewise miners will push for more and more efficient and faster silicone (as they also are already doing), and the rest of us will also benefit from faster computers and smartphones.",
"sig": "63b1998f748495d8be3e53bc6fd15e9868482edd7bf14c6d0000ff057b9f4f6e89c4c0dd70c7bf63830178d25e221c11e5d72591fae51a8009c49b0f2815d887"
}