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A comment on Nothing Is Cheaper Than Proof of Work (2015). Parent comment

Re:Nothing Is Cheaper Than Proof of Work (2015) by viraptor on Saturday February 24, 2018 @07:09AM (#16452931)
> whereby to create one source of value, another has to be destroyed.

Bitcoin cash would like a word, I expect. Sure, the value of both currencies would drift down until ~the same total value is achieved initially (or some approximation of that), but after a while, we essentially multiplied the value without destroying Bitcoin it was created from.

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Re:Nothing Is Cheaper Than Proof of Work (2015) by tlrobinson on Saturday February 24, 2018 @11:01AM (#16453789)
It’s impossible to know what would have happened if there was no fork. Maybe BTC would be at $50k right now, and the fork actually net destroyed value.
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