@[email protected] to [email protected]English • 25 days agoWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.comexternal-linkmessage-square172fedilinkarrow-up11arrow-down10file-textcross-posted to: [email protected][email protected][email protected][email protected]
arrow-up11arrow-down1external-linkWhite House Says Gold Reserves May Be Used to Purchase Bitcoinfinance.yahoo.com@[email protected] to [email protected]English • 25 days agomessage-square172fedilinkfile-textcross-posted to: [email protected][email protected][email protected][email protected]
minus-square@[email protected]linkfedilink0•25 days agoGold has value by itself, just look up it’s applications in the semiconductor industry
minus-square@[email protected]linkfedilinkEnglish0•25 days agoOutside of money, PoW blockchains are useful for secure time stamps.
minus-square@[email protected]linkfedilink0•25 days agoWhy single out PoW? PoS also documents hashes immutably over time.
minus-square@[email protected]linkfedilink0•24 days agoBecause then people would have to admit that bitcoin isn’t crypto, and PoS consumes something like 99.9% less power than PoW.
Gold has value by itself, just look up it’s applications in the semiconductor industry
Outside of money, PoW blockchains are useful for secure time stamps.
Why single out PoW? PoS also documents hashes immutably over time.
Because then people would have to admit that bitcoin isn’t crypto, and PoS consumes something like 99.9% less power than PoW.