So - I wonder - could one go back in time and convince say late 1800s industrialists of a scheme like Bit coin?
“Just run these steam motors 24/7, and you will generate some intangible money called bit coin.”
“Is it a metal? Or resource we can sell? Where can I spend this Bitcoin? If I double the steam engines, will I double my out put?”
Etc - I mean, I just don’t think one could convince someone back then to invest real “work” into something so intangible. It feels like this stupid phone game I play.I know 10 years from now, all the time and energy I put into playing this thing will mean NOTHING - but still, I am getting some entertainment out of it.
Also, the Czechs are the number one beer consumers in the world - possible causation to the correlation of its Bitcoin Energy consumption?