Post
Topic
Board Altcoin Discussion
Re: My rebuttal to the fairness of proof-of-work launch (Monero's holier than thou)
by
iamnotback
on 28/06/2016, 03:35:57 UTC
...

If 11.7 cents of electricity only nets 1 cent of income, it is pointless.

If 11.7 cents of electricity nets 11.7 cents worth of heat plus 1 for cent of income for 12.7 cents total it is not pointless.

It is pointless because it is a pita. Why bother. As I pointed out, all your global neighbors will compete with you for that 1 cents, so it declines asymptotically towards 0.

You don't seem to understand economics at all. Please learn about the essential Economics 101 term "opportunity cost".

I don't think I should be required to give remedial course in Economics 101. Perhaps it has been decades since you took that course and need a refresher.