Re:Bitcoin still makes no sense
by ridaj on Saturday December 05, 2020 @08:22PM
(#25320065)
Right. It's scaled up. I suppose that if people became suddenly interested in old stamps to the tune of billions of dollars, stamp-dealing would also start competing for resources with the rest of the economy.
[ Parent
| on HN ]
I think that’s wrong for a few reasons....
- a stamp uses a small amount of resources no matter how many stamps you want (more stamps may even be cheaper from economies of scale).
- Bitcoin inherently relies on expensive computation to provide safety
- each Bitcoin is more expensive than the last due to increasingly difficult nonces.
- (dumb edge case) you can’t make old stamps so it’s hard to image using a lot of resources to find/make them. Obv not true for other products