Quote from: jaysabi on August 22, 2021, 04:10:42 AM

Quote from: RainbowKun on August 07, 2021, 08:21:28 AM

Bitcoin mining follows the law of conservation of energy, converting the wind, water, and solar energy into electricity, and then into hashing power by mining machine and finally Bitcoin will be dug out. That is a process of storing the energy of nature in the form of Bitcoin. The stored Bitcoin is value. Bitcoin built a value network where value is exchanged and transferred in the form of Bitcoin.

The law of conservation of energy has no applicability to bitcoin. Under this extremely confused analogy, it could only be applicable if energy could be converted into bitcoin and then converted back into energy, which is not the case. Bitcoin only consumes energy, and what energy is consumed creating bitcoin is never conserved or reclaimable. In fact, it only requires ever more energy to continue transferring bitcoin through the blockchain once it is created. This is the antithesis of what you're trying to convey. Bitcoin is an energy sink and in its current form will never not be.

In fact, the conservation of energy I am talking about here is more of a value conversion. It is not the conservation of energy in physics in the complete sense. Humans provide a steady stream of energy for Bitcoin mining machines to support the normal operation of the Bitcoin network, and the Bitcoin network can record human economic data and become the ultimate account book of the human economy. In this process, the Bitcoin network rewards miners with Bitcoins as a fee for the miners to maintain the network. From this process, natural energy is stored in Bitcoin, which is a product of value storage.