| ▲ | ravenstine 4 hours ago | |
That's like saying cars have negative value because of how much oil it takes to run them. | ||
| ▲ | pcthrowaway 4 hours ago | parent | next [-] | |
Cars have the benefit of transporting humans and goods around. It's more like saying a hypothetical car which moves itself by using gasoline as a propellant rather than fuel for its combustion engine would have negative value. Sure, using fuel (of all things) for propulsion would be one way to move a vehicle, but it would be inefficient by design. Bitcoin, at least, was created during a time where there was no alternative to security-by-inefficency, but PoS and other consensus mechanisms are pretty battle-tested now | ||
| ▲ | standeven 4 hours ago | parent | prev | next [-] | |
But cars are useful. | ||
| ▲ | johnnienaked 2 hours ago | parent | prev [-] | |
Diminishing value certainly it's called depreciation | ||