"Bitcoin effectively uses electricity as a release valve for inflation" - @monkbent on the cost of Bitcoin:http://stratechery.com/2014/cost-bitcoin/ …
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@apere006 you're conflating the fact that the total amount of bitcoin is fixed with the fact the rate of release is fixed. Latter is unique -
@monkbent Fixed amount of resources that you can profitably get out of ground with current tech. Each piece is zero sum in the same way.
End of conversation
New conversation -
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