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0 sats \ 6 replies \ @pony 1 Oct 2022 \ parent \ on: $100,000,000 transfered for 41¢ without using a bank bitcoin
show me how to run a PC or warm my room with Bitcoin then
Few
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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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