How Bitcoin Mining Works: A Revolutionary System Changing Global Economics
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- Опубліковано 25 січ 2025
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One more proof, that BTC attracts the brightest minds!
@@tomappletree8086 🍊✌️🧡
Pointless waste of energy for young men seeking riches without working.
@@darwel007 literally the exact opposite, like fiat rent seekers
@@cjkonstantinos Nothing is produced of any value with BTC. You ignore the two most famous in investments and finance. Could you look at the top three contenders in last year's elections? All three do nothing but lie, so the US is joker land. BTC can make sense in this world, but it will ultimately fail.
Bitcoin is not mined, that's your first problem when you try to explain something.
@@ram4nd the subsidy + TX fee are the mining rewards, so call them whatever you want but that's what's creates the price (cost) margin.
@@cjkonstantinos No no, they are definetly not mining rewards, nothing gets mined.
The concept of "mining" Bitcoin is completely absurd. Basically mining involves using massive amounts of energy and computing power to guess at a number without going over that number, sort of like a digital price is right. This effort is all to gain bitcoins which are digital air based on nothing and having no intrinsic value.
@@StepUPNJ the value is found in the value prop of the bitcoin network aka a truth ledger in a world of lies! Turns out access to the ledger is quite valuable
@@cjkonstantinos But why is it valuable. Because of the greater fool theory, your explanation makes no sense. You would think Warren Buffet and Jamie Dimor would be enough, but America is a post-truth society. In that world, you are right!
@@darwel007 as above, so below.