dreamon on Nostr: I'd present the "real, tangible world" aspect of mining it. Like any other commodity, ...
I'd present the "real, tangible world" aspect of mining it. Like any other commodity, it takes real effort (electric energy in Bitcoin's case) to produce it.
Energy consumption is a necessary part, the feature that makes it a real asset some may say.
From my experience this audience has a hard time realizing value on things that do not have a strong connection with "real world" stuff (that's not my view, but it's usually theirs). Many of them say it's created out of thin air (fiat anyone?), but in reality it take lots of energy to be created (change Greenpeace, not the code).
Once they perceive it's value (as a commodity that takes tangible effort to produce), and on top of that you add qualities like being inconfiscable, uncensorable, untaxable, well, it becomes unbeatable.
Published at
2023-07-27 23:01:54Event JSON
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"content": "I'd present the \"real, tangible world\" aspect of mining it. Like any other commodity, it takes real effort (electric energy in Bitcoin's case) to produce it. \nEnergy consumption is a necessary part, the feature that makes it a real asset some may say.\nFrom my experience this audience has a hard time realizing value on things that do not have a strong connection with \"real world\" stuff (that's not my view, but it's usually theirs). Many of them say it's created out of thin air (fiat anyone?), but in reality it take lots of energy to be created (change Greenpeace, not the code).\nOnce they perceive it's value (as a commodity that takes tangible effort to produce), and on top of that you add qualities like being inconfiscable, uncensorable, untaxable, well, it becomes unbeatable.",
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