Oddbean new post about | logout
 Your original argument was proof of humanity, not proof of work.

Bad 'cells' have LOTS of energy. But they die off if they don't have a NET GAIN of energy! Just like scammers die off when they die out due to lack of gain.

Specific to Bitcoin (which is proof of work at it's core) the network that is OUR collective stored energy in time (indefinite I might add -ONLY accessible by you spending it on VALUE added to humanity!) will grow MUCH faster than the scammers because true efficiency gains will drive the size bigger (study Power Laws).

If we see a break in the Power Laws - organic growth - then you will be right. The bad would start to win and the network would start die - JUST like all the SHITCOINS do. Altcooins are just scammers. Digital fiat UNLESS it's directly/electronically/mathematically connected to #Bitcoin/Proof of work!

Thanks for the conversation. Reader can decide on their own!