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A comment on Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014). Parent comment

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by sudosysgen on Monday February 15, 2021 @05:19PM (#26148286)
Creating currency by itself does not create any value.
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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by shawnz on Monday February 15, 2021 @05:32PM (#26148452)
Right, the creation of Bitcoins only redistributes the value. The value mining provides is actually in outcompeting potential attackers who might want to change the consensus of the network.
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