>they require native minted tokens of speculative value to operate.
Well, so does the rest of industry and civilization (fiat money). What's the distinction there?
Well, so does the rest of industry and civilization (fiat money). What's the distinction there?
If Bitcoin didn't have bitcoins, nobody in their right mind would pay to an electricity bill the size of Argentina just to keep it running as a distributed timestamping ledger. There is no imaginable practical application that would justify that resource waste.