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Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8% (www.coindesk.com)
submitted 5 months ago by [M, B] to c/hackernews@lemmy.bestiver.se
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[–] 1 point 5 months ago (2 children)

It has utility. Something that crypto currently lacks.

My dude, you were literally whispering math and compute as though they are magic words.

The algorithms aren't even terribly interesting.

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  • [–] 1 point 5 months ago (1 child)

    A hash function is still math independent of your interest. Bitcoin is the first currency that has self emerged without being mandated by the state. Feel free to ignore it.

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  • [–] 1 point 5 months ago

    It is a boring application of existing hash functions to create a really inefficient data structure. It is impractical for just about a everything including currency, and if crypto took off the hard limits on transactions (iirc) would make its use quite difficult.

    Bitcoin is the first currency

    I live in an objective universe that I have relatively little control over. My employer won't pay me in it, and I can't go down to the supermarket and buy a loaf of bread with it to feed my family. No one can compel you to use any particular words, but there really isn't a basis for me to think of it as an actual currency beyond being a novelty.

    The spices in my cabinet would have functioned as more of a currency in our shared history than what crypto could ever accomplish, but I don't expect my employer to give me sage, either.

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