SHSS on Nostr: I see how you might think that, but that is not the case. That Bitcoin units ...
I see how you might think that, but that is not the case. That Bitcoin units (satoshis) take energy to produce does not imply that their worth is because energy was spent. Every good takes energy to produce. The satoshis produced today take orders of magnitude more energy than the bitcoin produced in 2010, yet they are worth the same. If their value was due to the energy/labor spent then we would expect to see satoshis with different value which is not the case.
Published at
2023-08-27 21:59:33Event JSON
{
"id": "0bde0b9c3010bfe66793f44d487d7a6151346458e94ef8365918f7403dffd38e",
"pubkey": "bdf02ee67066fdeba255e1ac77d67ad95048ded50eb885a01cab39156e4282df",
"created_at": 1693173573,
"kind": 1,
"tags": [
[
"e",
"88bf2d88e295968e60f82689399d6b0174d4bff8d44ff96d97a1fecb8d4c67db",
""
],
[
"e",
"b72f5a6616a39fbfa3a2ced1163d40821fab16743ce1322f6b6b5b503d225487"
],
[
"p",
"f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64"
],
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
],
[
"p",
"f5b55f6b44b8997b2b6e8469a6a57f8d3f3b2ef27023543445c40ecec485ee64"
]
],
"content": "I see how you might think that, but that is not the case. That Bitcoin units (satoshis) take energy to produce does not imply that their worth is because energy was spent. Every good takes energy to produce. The satoshis produced today take orders of magnitude more energy than the bitcoin produced in 2010, yet they are worth the same. If their value was due to the energy/labor spent then we would expect to see satoshis with different value which is not the case.",
"sig": "1acfd194f96047171d9ca088415dd5c5773f2687fa4378d778feec046f2195457f388b0e7bbb5f6199f9598672fba001d3f4cd7cafbab76b576f4ac044add06c"
}
