mining is purely destructive. it turns useful energy into useless heat and ties up computational power that could be used by AI or for other purposes and in exchange it creates imaginary tokens.
in fact the entire purpose of mining was to prevent bitcoin from appreciating in value - it was meant to be digital gold - to have value that is stable overtime. but the creators of bitcoin underestimated how stupid and greedy people are and how eager to pump money into anything that is going up in value ( that is a ponzi pyramid ).
Dissident Sound
npub1ns…2cgnl
2024-10-26 04:20:27
in reply to nevent1q…c85z
Author Public Key
npub1nshq4pcyzdmnewg4h8yu6tsuh5t72whzkz5x4wj7t0c0cy7yyrfqq2cgnlPublished at
2024-10-26 04:20:27Event JSON
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"content": "mining is purely destructive. it turns useful energy into useless heat and ties up computational power that could be used by AI or for other purposes and in exchange it creates imaginary tokens.\n\nin fact the entire purpose of mining was to prevent bitcoin from appreciating in value - it was meant to be digital gold - to have value that is stable overtime. but the creators of bitcoin underestimated how stupid and greedy people are and how eager to pump money into anything that is going up in value ( that is a ponzi pyramid ).",
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