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by s73v3r_
2910 days ago
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"Based on what? And if people aren't getting value from using the blockchain, why are they using it?" You're assuming rationality. You're also assuming they're actually paying for the electricity. And you're forgetting that they're not paying for the negative externalities of their energy waste. "Can you put a number on that, and justify it?" Take the smallest number you can think of. Now, take a number smaller than that. |
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Then explain why the people using bitcoin are being irrational. Are the miners processing transactions and receiving fees in return being irrational? Are the people using bitcoin to send and receive funds being irrational? Please enlighten us (and them, apparently).
> You're also assuming they're actually paying for the electricity.
They are.
> And you're forgetting that they're not paying for the negative externalities of their energy waste.
Classic case of moving the goalposts. The same applies to any economic activity requiring the use of electricity.
> Take the smallest number you can think of. Now, take a number smaller than that.
Dodging the question, I see.