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no.
why, in the first place, would people give up valuable energy, with alternate uses, for something like bitcoin without a value or use?
You can ride a bicycle attached to a dynamo to generate electrical energy in order to power the lights in your house now. Alternatively, you can attach that dynamo to a bitcoin miner, successfully mine bitcoin now, and then give that bitcoin to the local electricity company in the future when you actually need the lights on.
Substitute running your house lights and riding a bike for any other two things that involve human effort. Substitute bitcoin for any other currency.
Money is just a way of representing work that was done at some time in the past, which you would like to exchange for something useful now or at some other point in the future.
The major difference between bitcoin and other currencies is that bitcoin has no central authority over its supply and distribution, which means it has several desirable properties, such as its inability to be debased.
Some energy is waste energy with no other use. Bitcoin is value you can send to anyone across the globe electronically, and no one can stop you or freeze your account. Name one alternative way to do this?
You look at the price chart of the last few months only and think that Bitcoin is useless because of that.
You look at the price chart of the last few months only and think that Bitcoin is useless because of that.
no, not useless... dying; slowly digging its own grave.
Whatever, irrelevant to this point.
From the point of pre-Pizza Guy bitcoin did not have value that you could send to someone (next door or across the globe, whatever). That is the point you're missing
By what metric is it dying? Number of onchain transactions in the mempool? Did you hear about L2? I use bitcoin to store wealth in self-sovereign way and to buy stuff under the radar (to avoid wealth tax, aka theft).
adoption, feel, improvements, use.
We've built everything now (payments, insurance, inheritance, layers, umteen wallets; all the books, circle-jerking the same inevitability talk #1416088), and this is truly bitcoin's moment... and yet, nobody wants it. I'm thoroughly disappointed
True. But most people are sheep. Fuck them.
This is more of an evidence of belief. People use energy they control to get bitcoin. Its an exchange that evidences a value judgement. Not actual value. The fact that it takes electricity to make something does not give that thing value. The human action demonstrates that a human/s see that thing has value equal to or more than the energy used to create it.
If energy used solely determined value then we'd live in a very different world.
Bitcoin comes from valuable energy