Re:Bitcoin miners are buying power plants
by Applejinx on Friday April 16, 2021 @07:07AM
(#26832387)
Socially, why? I could see making the argument for 'the same share, in perpetuity' as that is kind of the whole idea of what money is: parking value in some way.
Why bigger, exactly? What is the justification?
Sarcasm (I presume) doesn't transfer well on the internet. The parent is pointing out the absurdity of the whole idea of deflationary currency: sit and do nothing, and force the next generation to turn over more of their productivity then you ever produced.
The primary issue is that simply sitting on a dragon's hoard of money should entitle me to a bigger share of the world's wealth, as time goes on, rather than a smaller share.