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by eladv
1913 days ago
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Thank you! When I wrote the blog post, I felt it's not clearly written, and that the point might get lost. I'm heartened to see that at least one person understood what I was trying to convey. I'm doing some edits of the post for clarity, if you don't mind I'll steal some of your emphasis back into the text. |
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I think the subject matter falls into a tricky space. You need to start with some sort of economist-ey bias to even think that bitcoin could be a battery... considering that it does not store energy or physically exist. Either way, it can be interesting to consider why or why not.
To me, it's interesting that this is a type example for mistake that knowing just enough economics makes you more prone to.
Anyway... I expected a bitcoin-ey article, so I came in with an eye roll. OTOH, I was kind of curious about the energy economics of bitcoin. You blazed through a great, concise explanation of the key facts en route to winning your argument. As a through-away, you perfectly framed the energy debate between bitcoin and etherium's approaches... trying not to start a fight with either of them before you finish the previous one.