Let's make it 200.https://twitter.com/ValaAfshar/status/934795220637704193 …
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Replying to @menangahela @0xa59a2d
Do better software then, and you'll clean up.
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it is -- over the existing money supply
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btc itself might ultimately "lose" in the sense of it doesn't capture the majority of global m1 supply -- but something non-state here is going to win eventually
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Is it though? If "making" money isn't incredibly difficult - and also brutal, in the sense of labor - is money valuable?
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Bitcoin is backed by the amount of electricity and computing power that miners are willing to dedicate to chasing it. Why is gold valuable?
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"Backed" might not be the best term for this, but the point is sound. Value of gold and marginal cost of gold mining are tightly linked.
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