HanShan on Nostr: dumb semantic argument if "backed by" means "that which you have to steal to have ...
dumb semantic argument
if "backed by" means
"that which you have to steal to have control of the thing"
then Bitcoin is backed by hash. which is energy.
but usually "backed by" means "the thing that gives value to the thing"
in that case Bitcoin isn't backed by anything.
Published at
2024-12-16 16:05:08Event JSON
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"content": "dumb semantic argument \n\nif \"backed by\" means\n\"that which you have to steal to have control of the thing\"\nthen Bitcoin is backed by hash. which is energy.\n\nbut usually \"backed by\" means \"the thing that gives value to the thing\"\nin that case Bitcoin isn't backed by anything.",
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