Who's claiming this? The Lightning Network is gaining popularity as a decentralized Layer 2 solution, for example.
You mean like Cash App and PayPal?
113 karma · joined August 13, 2017
Who's claiming this? The Lightning Network is gaining popularity as a decentralized Layer 2 solution, for example.
You mean like Cash App and PayPal?
A sound monetary system has more value than anything else on this planet. There's a lot of information out there, but here's one article to illustrate my point: https://breedlove22.medium.com/masters-and-slaves-of-money-2...
> The energy is burned forever.
Wrong. I can use it to pay someone to do work, for example. "Work" in both societal and physical senses. That means the energy is not lost in a bitcoin.
Welcome to reality. https://breedlove22.medium.com/masters-and-slaves-of-money-2...
Yes it does. It stores what is called "monetary energy", and monetary energy belongs in the same class as kinetic, elastic, and chemical energies.
One of the key differences between bitcoin and other monetary assets is that bitcoin is absolutely scarce (the first absolutely scare monetary asset in human history), so its energy cannot leak via inflation.