Thats not exactly how it works. The proof of work algorithm makes sense and works by using electricity as an input and Bitcoin as the output.
You can say energy generation companies are "getting rich" off Bitcoin but that ignores the fact that a lot of Bitcoin hashing is done using surplus or very low cost electricity.
You could try a straw man and say "early investors" are making bank but most of us have sold and traded along the way, only the already wealthy could hold from the early 2000s until today.
I can't really makes heads or tails of your comment, how do you think Bitcoin works?
kylebenzle|1 year ago
You can say energy generation companies are "getting rich" off Bitcoin but that ignores the fact that a lot of Bitcoin hashing is done using surplus or very low cost electricity.
You could try a straw man and say "early investors" are making bank but most of us have sold and traded along the way, only the already wealthy could hold from the early 2000s until today.
I can't really makes heads or tails of your comment, how do you think Bitcoin works?