Bitcoins don’t require work. They require that you have money to buy expensive processors. Then you let computer programs run. That is not work, although the next generation probably thinks that this is work, which makes me fear for our country, because they don’t understand what actual work means.
These are people getting out of college who think you earn money chopping down trees on minecraft, if you know what i mean.
That is far more effort than what it takes to create FRNs. I don't mean to imply that bitcoins are as good as gold but at least they have some value. If anything they represent the value of the infrastructure. FRNs have negative worth!
You have no knowledge of what you speak of. Have you built a mining computer? Have you spent days , weeks, months optimizing its performance. Have you read thousands of forum entries and through trial, error, learning, discovery built something that performs correctly?
I am 55 years old. I have dug ditches and swung a pic axe. I currently work in the field of radiation oncology, I was/am a Marine. Beleive me FRiend I know what work is and I can tell you that I have never worked so hard in my life as I have these last months learning this new technology. I am drilling down deeply to gain a full understanding of the technology that I know “ KNOW “ is going to change the lives of every human being on this planet.
My confidence in this technology comes from my understanding of history and my small but ever growing knowledge of computer science. The Bitcoin protocol is the most important breakthrough in the history of computer science. It is not a coin, it is a decentralized autonomous network that before its discovery was impossible to imagine.
Your objections to this technology comes from your ignorance of it.
Try to understand what you are talking about before you speak so authoritatively on a subject. You’ll forgive me but you come across as quite boorish.
Gold doesn't require work. It only requires you to have a gold mine.