Hating On Proof Of Work Is Hating Yourself

Hey Jessienvironmentalists

Ever since Elon decided to complain about Bitcoins energy use, we've seen a resurgence in the energy FUD, and Bitcoin has taken a knock. Each bull run Bitcoin gets attacked; in the last bull run, it was the block size debate, and it was more of an internal fight between big stakeholders, and they were told to get fucked.

Many of them capitulated while others went on to fork up their lives with BCH, which hasn't done much since then except for continuing to fork into further useless shitcoins.

I'm still amazed they use the term Bitcoin in the branding of those knockoffs, seems pretty pathetic to me that they can't stand on their own. Stay what you want about other shitcoins; at least they try to build a brand for themselves instead of trying to confuse noobs into buying fake Bitcoin.

Anyway, this is not what this rant is about; it's about proof of work. Why it's needed in Bitcoin, and if you don't like proof of work, you're misguided in your understanding of what Bitcoin is trying to achieve.

Bitcoin boomer

I've heard it all; Bitcoin is old, it's boring, it's the boomer of coins, why is it so slow and clunky, why does it need so much energy. People coming into Bitcoin today without knowing the history as if Satoshi didn't consider shit and just threw out the code online as a flyer.

If you read the white paper, if you look at the game theory and the way the incentives are set up, Satoshi was looking at the tech of his time and build something that considered all the trade-offs.

Now you get all these shitcoins, exploring the various trade-offs, and all of them are sacrificing security and decentralisation in the process.

Providing a floor of economic output

Humans settled on gold as money for centuries, and this wasn't by accident; it fitted a lot of the properties of money and was the most practical solutions at the time. Entrepreneurs would create goods and services only if the margin for it were higher than mining gold.

Gold provided a floor for effort, and any effort below that would be wasting and rather focused on increasing the supply of gold. Bitcoin takes that concept and says if you cannot use your time and energy to create something efficient, you can store it in Bitcoin in the long term.

Money is a representation of an output

If money represents output, then it can't be created out of thin air, be printed, be pre-mined, be staked and have inflation allocated to those with resources. It needs to be extracted via work, or it won't be valuable.

Look at how shitcoins are now trying to combat the inflation they create by setting up all sorts of burn programs and other nonsense because their coin cannot drive economic value. If you cannot see that this is exactly what the fiat and tax system does, I can't help you.

Shitcoins are only a replica of fiat and only have a future as long people rely on fiat as their measuring stick for value.

Bitcoin uses energy

Duh, I don't think we need to shy away from that or blame Bitcoin; we need to blame the fact that we have not yet had the courage to create better energy solutions. Bitcoin will always use energy, and it will continue to use energy on a grand scale as it needs to protect the worlds best asset.

Humans need to use energy; Bitcoin is an extension of that; we already waste so much energy on so much useless shit. Look at all the garbage products we crate, look at all the shit movies, look at all the useless videos on YouTube and the bullshit jobs we have.

You don't consider that a waste of energy?

I find it hilarious how hard people are fighting against their own prosperity because they are scared. I find it stupid that people say they want to upset the establishment, but they side with this bullshit green narrative.

Bitcoin is optimising the world's money; it's making business models, governments, banking, investing, insurance all irrelevant. So you can see why so many people want to fight against it.

Bitcoin is bringing more environmentally friendly production to the world than Tesla ever will, and Bitcoin has to do it without government subsidies and bending the knee to the media.

You cannot have a meritocracy without proof of work, and this is what I am here for.

I am ready to prove my work and my worth; the question is, are you?

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, "I am a Jessie."

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