The white paper proves proof. The math is open. Desirable labor processing is a good. It may be "busywork" in one sense, but its value is that it is proven by blockchain to have contributed to objectively awarded holdings, and more have come to realize that this busywork is a lot more valued than that of the federal government deskworkers.
I could certainly publish here my unique further proof that Bitcoin itself involves some deception and frontloading for early adopters, and I have evidence I haven't seen anyone else publish. But this is knowably without my publication, and the distribution system itself is resilient and scalable enough to overcome its flaws. And that's a totally different argument from saying you don't value the proven labor that a bunch of other people value. It works whether you join it or not, and even whether people bail on it ("run" or "crash" it) or not.
The white paper proves proof. The math is open. Desirable labor processing is a good. It may be "busywork" in one sense, but its value is that it is proven by blockchain to have contributed to objectively awarded holdings, and more have come to realize that this busywork is a lot more valued than that of the federal government deskworkers.
I could certainly publish here my unique further proof that Bitcoin itself involves some deception and frontloading for early adopters, and I have evidence I haven't seen anyone else publish. But this is knowably without my publication, and the distribution system itself is resilient and scalable enough to overcome its flaws. And that's a totally different argument from saying you don't value the proven labor that a bunch of other people value. It works whether you join it or not, and even whether people bail on it ("run" or "crash" it) or not.