this post was submitted on 21 Jul 2023
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Bitcoin
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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, corrupt bankers and politicians. With Bitcoin, you can be your own bank.
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Bitcoin uses a ridiculously small amount of energy compared to almost any other industry and many activities, yet it provides far more value to humanity than many of them. If you think that energy is wasted on bitcoin it really only shows how lucky and privileged you are that sound money isn't something you need to think about.