Re:Bitcoin is not a Battery – it is a Sink
by dalbasal on Sunday March 28, 2021 @02:19PM
(#26612751)
IDK... Whatever the quality of the original, this rebuttal is incredibly written and "Why Bitcoin is not a Battery" turns out to be an interesting topic.
A lot of economics and social theories generally use a lot of metaphor. A lot of mistakes get made by habitually applying an incorrect metaphor as a model. Battery is a sensible metaphor for aluminium. It is not a good metaphor for bitcoin. I'm pretty sure the original author made that error honestly. Either way, I learned a lot about bitcoin's energy economics.
A lot of economics and social theories generally use a lot of metaphor. A lot of mistakes get made by habitually applying an incorrect metaphor as a model. Battery is a sensible metaphor for aluminium. It is not a good metaphor for bitcoin. I'm pretty sure the original author made that error honestly. Either way, I learned a lot about bitcoin's energy economics.