Re:A tale of two bubbles, the dot-coms and Bitcoin
by Taniwha on Thursday December 07, 2017 @04:53PM
(#15874707)
yes, but it's a spent energy credit, it's not like you can reverse it and spend the work, on something else - it has no value other than as a possible future negative asset, something you might be required to purchase carbon credits to cover
That said, how fucking sci-fi is this?! Remember in the old games and novels how 'energy credits' would be a currency unit in the future. Well, looks like we are in the future then. Bitcoin is pretty much a 'baby' energy credit, it's also more than that, but it is an energy credit in a nascent way. I mean, that's pretty cool to teenager me.