A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
  • explodicleEnglish
    33·
    2 months ago

    Outside of money, PoW blockchains are useful for secure time stamps.

      • prole@lemmy.blahaj.zone
        2·
        2 months ago

        Because then people would have to admit that bitcoin isn’t crypto, and PoS consumes something like 99.9% less power than PoW.

      • explodicleEnglish
        1·
        2 months ago

        Because we’re talking about value by itself, outside of money. So HashCash for emails is useful even if there’s no money involved, but locking up a dozen Stanley Nickels doesn’t cost anything.