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A comment on Crypto in 2026: Oh, This Is the Bad Place. Parent comment

Re:Crypto in 2026: Oh, This Is the Bad Place by blenklo on Wednesday June 24, 2026 @02:56AM (#48656181)
The pencil was made with 'work'. You exchange existing work with 1 fiat.

If you do not consume this work, you can exchange it back.

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Re:Crypto in 2026: Oh, This Is the Bad Place by Dilettante_ on Wednesday June 24, 2026 @08:59AM (#48659063)
The cryptocurency was also made with work. Hardware, electricity, and time were invested into the 1 unit of crypto. It's literally called Proof-Of-Work.
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