How does mining not incure the same debt? And i am a little unsure if debt in a decentralized p2p economy works in any way similiar to debt in a capitalistic state issued currency economy.
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The cost to have the currency is the same in PoW vs. PoS, but there is a crucial difference (besides the fact that technically PoS provides inferior security):https://twitter.com/hugohanoi/status/1039594926143561729 …
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Wait, so you saying that burning electricity that cost more than the machine is producing is cheaper than anything? + networking settings, cooling system, renting a place and also don’t forget to purchase the machines, plus upgrading plus the tons of CO2 ?
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Everything has a cost, physical/financial. Just because a cost is not visible to the naked eyes doesn’t mean it isn’t there. The cost of having uncensorable money to society is purely a function of how valuable people deem that utility. Nothing to do with energy or electricity.
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Yeah see this is where u lost me. How could u build any more of a sound security than on the production and use of green energy to cryptographically secure bloclchains? Sun -> solar panel -> mining/staking machine. Decentralize to all parts of the world = sound money.
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