Gold miners aren’t creating gold. They are expending work to release it from the ground. There is no perfect analogy for how new bitcoin is issued, since it’s the network that produces the supply once the conditions are met. All miners are doing is brute forcing a calculation to be the next one that gets to write to the ledger.
Bitcoins are not mined, they are issued over time.
Out of all the misconceptions when it comes to #Bitcoin, the misconception that “miners” are creating “bitcoins” is probably the most asinine one.
- nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
https://dergigi.com/2023/04/12/bitcoins-are-not-mined-they-are-issued-over-time/
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