Energy
Bitcoin is an Information Network backed by Energy Divided by Time
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By Nanok Bie, October 12, 2015 This post was written in 2015. But, because the language is "general", it should still hold up today. You be the judge: The Bitcoin network uses energy with a 10-minute average checkpoint “measurement” to secure the blockchain, using a “guesswork” algorithm* – to make sure
Is Bitcoin Mining An “Energy Waste”?
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By Nanok Bie, October 6, 2015 This post was written in 2015. Does it hold up today? The argument that mining (verifying transactions and timestamping information) in the Bitcoin network is a “waste of energy” has been repeated over and over by people looking to copy Bitcoin, by uninformed VC’
