6 When will peasants learn the "mining" larp was always about generating data for the matrices algorithms that was eventually rebranded "AI" that together was always about decrypting surveillance data? (media.scored.co) posted 26 days ago by pkvi_stannum 26 days ago by pkvi_stannum +9 / -3 6 comments share 6 comments share save hide report block hide replies
"you've already generally expended the free-market equivalent of the current value of that bitcoin"
Does that happen by design? I am trying to understand how it hits the exact value when prices of both electricity and BTC are volatile.
What if marking tempts free into bondage?
What if only a differential can be free? What if others mark differences to equalize them?
Hidden hand, Austrian economics. It's not an exact match because mining involves randomness, but the bitcoin price reflects and responds to how much the market is willing to spend on electricity to get it, and other factors.
interesting stuff, thanks
Random implies chance...mine (belong to me) implies given choice taking chance to claim self.
If one doesn't mine, then randomness becomes predictability...
Elect implies by choice...hence depriving self of choice when electing another.
Sleight of hand: General Electric aka all generating each elect.