Replying to Avatar Dawlat Moustafa

The part of Fiat that is wrong is usury. While the part of bitcoin that sounds wrong to me is mining, new bitcoins are generated out of math in a game-like process (like gambling) that is making users earn without giving a product or a service. Fiat and bitcoin are both okay if used for trade purposes without the involvement of usury or mining (gambling and playing to earn more bitcoins).
75
gotcha 1y ago

I do disagree that miners do not provide a service.

By selecting transactions in blocks, they create a chronological order that is important to avoid double spend.

Adding blocks to the chain also finalize the settlement of those transactions.

Reply to this note

Please Login to reply.

Discussion

Avatar
Dawlat Moustafa 1y ago

I’m not a miner (otherwise I could’ve been cool). Anyways, selecting and putting in order is more like being part of the game, not offering a service tho.