ultimately it consumes a stock of resources equal to the net worth of your entire formal economy to no purpose whatsoever.
No, actually, bitcoins created early in the process were created cheaply since their value wasn’t as high back then.
And what do we usually call a system that produces no actual products, but transfers wealth to participants in proportion to how early they joined and how many people are recruited into it?
No, actually, bitcoins created early in the process were created cheaply since their value wasn’t as high back then.
And what do we usually call a system that produces no actual products, but transfers wealth to participants in proportion to how early they joined and how many people are recruited into it?