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by phatfish 1940 days ago
"It requires no upkeep like buildings and other property."

I suspect the physical footprint required to keep the Bitcoin network running is actually quite significant. Considering estimated power usage of all the "mining" operations.

2 comments

This brings up an oddity of bitcoin: storing gold costs money, property has upkeep. Endgame (non-inflationary) bitcoin is free to store, at the cost of people actually using it. The other oddity is it's not clear what would happen if no one traded it for n days. At some point, miners shut down, and because of how specialized mining hardware is, the currency might collapse.
By upkeep, I mean that investor's would not have to deal with the inconvenience of maintaining an apartment, etc.