Daily Discussion – April 3, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check Read more…

Anyone else find it a bit odd being told how energy inefficient bitcoin is, whilst watching tv and seeing several gigantic diesel machines churn up thousands of tonnes of earth in Alaska to produce tiny flecks of gold?

A quote from Satoshi Nakamoto: It’s the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of Read more…