You're just repeating the "labor theory of value" now, a thoroughly debunked idea, even though you walked away from it earlier. If you believe that wasting energy in coin production brings value, you must explain why the Baht is with less than USD.
PoS stake is not an equivalent of this, there’s nothing “unforgeable” about transferring financial capital into a dubious asset. Long range attacks is one example of how moving wealth into an asset does not make it unforgeable.
-
-
It’s fine if you don’t want to engage, but at least we can agree on 2 things in this thread: 1/ Labor theory of value is invalid 2/ Energy expenditure AND unforgeability are required ingredients for money
-
Where we differ is for (2), you think PoS expends energy (which is kinda ironic given that the common argument for PoS is that it does NOT expend energy) and unforgeable. Both I disagree with.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
