It would probably be helpful with a definition of enegy in this case.
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then you know nothing.
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show me how to run a PC or warm my room with Bitcoin then
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Sorry I can't talk with kids playing with imaginary pony. It will be brain damage for them.
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because you can't. you fucking moron.
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bitcoin is money on a digital ledger. It's just numbers that we can all look at and agree on.
if we all agree that bitcoin is money, and that money is time, and that time = energy, then bitcoin is energy.
You can heat your house while mining bitcoin, so in that way bitcoin is energy.
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"time = energy" nope. energy is power * time
"You can heat your house while mining bitcoin, so in that way bitcoin is energy." since when are bitcoin miners fueled by bitcoin and not by electricity which is energy?
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if time stood still, a river would not move - no hydroelectric power. because time moves forward, the river moves as well, thus generating energy. So in this instance, time creates energy. Bitcoin is like water, because it moves, it uses and creates energy in different ways. Perhaps, you are right, and it isn't energy, but energy flows into and out of it.
I simplify it by just saying bitcoin is energy, which may not be completely right, but it is mostly right.
Bitcoin miners are fueled by electricity, yes. But they are also fueled by the incentive of a reward - 6.25 bitcoin currently. The incentive is energy as well. Bitcoin mining is basically proof of work expending energy (electricity) for another type of energy (bitcoin).
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Why is 2010 PC-mined bitcoin worth the same as 2022 asic-mined bitcoin? Because bitcoin isnt energy.
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This is the most stupid statement I heard. Please read more about bitcoin and then we can talk. https://bitcoin.page https://lightning.how
When you finish reading those, I can hear you. Until then STFU
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Blah blah blah larp harder.
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typical answer from a shitcoiner or even worse, an ignorant nocoiner
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Keep on with the ad hominem, dont try to explain how “bitcoin is energy”. Because it’s not.
2010 PC-mined bitcoin is not worth the same as 2022 asic-mined bitcoin, first of all. 2010 PC-mined bitcoin was 50 bitcoin every 10 minutes, while 2022 asic-mined bitcoin is 6.25 bitcoin every 10 minutes. As you can see, the amount of bitcoin received is not worth the same.
Bitcoin is energy, if you agree that money = time = energy.
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