@mhoye
Is this comment really here? Mastodon is giving me weird messages? Perhaps because you're on a different server?

On the topic of your comment, I've always regarded #BitCoin as an obvious scam. No scarcity there. There's an infinite supply of numbers and an infinite supply of algorithms to pretend that some of the numbers are special and more interesting than others.

Or do I need to repeat the proof that there's no such thing as an uninteresting number?

@Cosmic_Ray @mhoye

Doesn't matter what number you divide by infinity, the result is still effectively zero. One or two cryptocurrencies divided by an infinite number of them or 21 million Bitcoins divided by infinity. Still no real value anywhere there.

However what makes #Bitcoin into a special criminal scam is how it deliberately wastes power for the lottery tickets. Electric power is a real thing with a limited supply.

@shanen @Cosmic_Ray @mhoye Bitcoin doesn't "waste" energy. On the contrary, it's specifically the cost of the energy used that makes Bitcoin the first distributed solution to the Byzantine Generals' problem in Computer Science.

You're however absolutely correct in that if noone wants a global uncensorable value transfer network then of course the bitcoin tokens won't have value either.