Friday, November 12, 2021

Awesome: What's Wrong with Bitcoin

I read tons of articles debunking the blockchain hype, and the stupidity of waisting CPU cycles and electricity on calculating meaningless hashes, but what Avery Pennarun did in his decade-od analysis is a masterpiece.

TL&DR: Bitcoin is a return to gold standard, and people who know more about economy than GPUs and hash functions have figured out that’s a bad idea long time ago.



source https://blog.ipspace.net/2021/11/worth-reading-bitcoin-fail.html?utm_source=atom_feed

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