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A comment on Many Bitcoin Miners Are at Risk of Turning Unprofitable. Parent comment
If a bitcoin replacement were built on, say, folding proteins, then the information gathered has a benefit that outlasts the value of the currency.
Bitcoin only accomplishes two things: burn dinosaurs and slowly erode the usefulness of SHA2.
Maybe it improves the situation for ASIC manufacturers? I dunno. But gold improves the situation of wheelbarrow and shovel manufacturers just as much.
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If a bitcoin replacement were built on, say, folding proteins, then the information gathered has a benefit that outlasts the value of the currency.
Bitcoin only accomplishes two things: burn dinosaurs and slowly erode the usefulness of SHA2.
Maybe it improves the situation for ASIC manufacturers? I dunno. But gold improves the situation of wheelbarrow and shovel manufacturers just as much.