"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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Replying to @benthompson
@monkbent@soundboy giving out more coins worth less doesn’t change behavior. Inflation only has ‘real’ impact when not expected2 replies 0 retweets 0 likes -
Replying to @apere0061 reply 0 retweets 0 likes
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Replying to @benthompson
@monkbent@soundboy Why would that change real compute? Many more coins at lower price does change anything.3 replies 0 retweets 0 likes
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