Great short and sweet resource on bitcoin and energy usage.
10 sats \ 0 replies \ @duvel 8 Mar
Very nice.
It also uses energy so that creating money is not cheap.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 9 Mar
For its timechain!
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0 sats \ 0 replies \ @Bell_curve 8 Mar
How does bitcoin reduce methane emissions?
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0 sats \ 0 replies \ @Bell_curve 8 Mar
Uses excess energy as miners look for cost efficient energy sources
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0 sats \ 0 replies \ @Ge 8 Mar
Unforgeable Costliness it has to happen for the coin to exist it's essentially what backs the orange coin like gold used to back the dollar when I'm asked what backs bitcoin I say energy that's why it consumes so much to create one I then tell newbies look at all the lights wherever we r at. If inside the ac as well n tell them that energy costs money this bar or wherever has to pay for that it's a real thing can't deny energy is a real thing 💯
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0 sats \ 0 replies \ @TNStacker 8 Mar
Physics?
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0 sats \ 0 replies \ @hasherstacker 8 Mar
It's very important that Bitcoin uses energy to produce the best energy.
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0 sats \ 1 reply \ @TwoLargePizzas 8 Mar freebie
I just made this one up on the spot but that's how I think about it.
Or to flip it around...
Think about that last one for a second. If you can create $100 out of thin air, you can buy $100 worth of real value (someone else's hard work) for nothing. That's theft.
Governments are stealing from you when they print money. Shitcoiners are stealing from you when the conjure up tokens.