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Nursie
on Aug 7, 2017
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Proof of Work Without All the Work
When you look at it from that angle, Bitcoin becomes a very interesting hack on economic incentives (and how they don't always map to useful real-world activity)
jstanley
on Aug 7, 2017
[–]
Whether you think Bitcoin mining has real-world utility or not depends entirely on whether you think Bitcoin has real-world utility or not.
Without Bitcoin mining, there is no Bitcoin.
Nursie
on Aug 7, 2017
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Certainly, but whether you think bitcoin has any real-world utility, bitcoin-mining certainly has economic incentives.
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