"..the more you hold it, the more you’re contributing to increasing its value, the more mining rewards are being handed out, the more electricity’s being wasted on mining.”
the claim about the source of bitcoin's high price is really questionable. it seems maybe intuitive, but there are more significant pressures on the price than buyer-holders.
Agreed, I interpreted it as a simple statement of ecological morality, but it's worth keeping track of who confuses stock vs. flow
I hear that
I can’t help but feel that Bram is a little late to the party. People have been working on a verity of Proof or stake and proof of space protocols for a while, but also probably won’t take him long to catch up...
Can we make a bet on this Slava? Perhaps in the form of a non-Turing complete smart contract
Lol, I mean I’m not doubting his capability, he’s just making it sound like he’s the first person to address this problem, which he def isn’t.
I think that's probably more the journalist than him. Tho he could also conceivably retort that he built world-spanning P2P while all these Econ 101 jagbag disruptors were in diapers