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/biz/ - Business & Finance

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16688717 No.16688717 [Reply] [Original]

Electricity is what gives bitcoin its value.
Prove me wrong.

>> No.16688722

>>16688717
pee pee poo poo

>> No.16688760

>>16688717
not wrong. the labor process that imbues bitcoin with value is measured by the cost of electricity required to mine it

>> No.16688853
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16688853

>>16688760

>> No.16688879

>>16688717
Value is different from cost though.

>> No.16688880
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16688880

>>16688717
If you add up all nuclear power plants and extract sum of whole hydro power plans around the globe, you can in fact get a real price valuation of one Satoshi.
In fact a number is very huge, all you had to do is multiply that number by 0 (so I don't have to write whole satoshi expression), and you have real price.
Anyone good at maths?