Tell me stories of once-smart people you've lost to the blockchain
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and is turned into something called money by the studious application of human ingenuity. Otherwise its just stuff in the ground. A gold coin is not the same product as gold ore in the ground dispersed at 0.1g/tonne.
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Yeah, but there's a bunch of gold around from before, and the difficulty of mining is part of the reason for its value. It's yellow and dense, easy to identify, portable, pretty, requires zero infrastructure to retain value, and we have 10,000 years of cultural memory around it
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Gold coins are tokenized human work. Fuel and electricity are the biggest components of COGS for any gold miner. Bitcoin is literally tokenized electricity, and as
@MichaelSaylor points out, tokenized WASTE electricity adding value where there was none. -
Bitcoins are integers with a story
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