Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by lisper on Monday July 05, 2021 @11:05AM
(#27738696)
That rule does you no good if the net effect of the interplay of the rules with the rest of reality is that having more coins gives you more coins. This will be the case as long as coins can be used to purchase the means of production.
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Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by fleddr on Monday July 05, 2021 @03:17PM
(#27741044)
Having more coins as in Bitcoin does not give you more Bitcoin, but you're obviously right it buys more non-Bitcoin goods and services.
Bitcoin's premise is scarcity and software-enforced rules that are equal to all. It isn't going to "fairly" distribute existing capital, that should go without saying.