Comment on Bitcoin Network Doubles to 2 PH/s in Four Weeks; the First 1 PH/s Took 4.7 YearsparentComments−baddox12yMining bitcoins produces proof of work, which has value. The only way (as far as I know) to have a decentralized trustless currency is to base it on proof of work. This is in no way analogous to digging ditches and filling them.
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Mining bitcoins produces proof of work, which has value. The only way (as far as I know) to have a decentralized trustless currency is to base it on proof of work. This is in no way analogous to digging ditches and filling them.