kleisli on Nostr: nostr:note1wpwwmtm79tcp4u57zm3wzwm7zp952cd96xnccfansjlfp7mm7sgs6x3q39 Tying bitcoin ...
quoting note1wpw…3q39you will never hope to understand the justification for the amount of energy bitcoin consumes without first developing an appreciation for the fundamental role money plays in coordinating economic activity. What is money? How does it work? How should it work? What is its function in society? If you haven’t stopped to ask these questions, you can’t begin to grasp the weight of the problem bitcoin intends to solve. And without an appreciation for the problem, the cost to secure the solution will never seem justified.
Tying bitcoin to a resource (energy) makes it "intuitively" more valuable than any PoS-based currency.