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this post was submitted on 23 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I hate how it is called mining, like it is digging up some resource from the earth. While it is just an advanced calculator.
Imagine they found a hidden iron ore mine (That is what I recall being mined in Sweden, if anybody knows something more interesting, like some precious stones, please inform me (looking at this gold/silver could also work)) under a hospital. But nope, just a hidden datacenter.
Bootleg mining was a thing in coal-bearing areas of Poland and Ukraine during times of greatest economic shitshows (early interbellum and 90s)
I wanted to make a joke about artisanal mining, but then I saw it was a thing and how mostly horrible it was.
Satoshi is/was a goldbug so it’s an entirely intentional term.
I had a look and couldn't find how it started being called mining. Satoshi started out calling it "farming".
damn I misrembered the whitepaper, probably because it gave such goldbug vibes otherwise
oh totally, which is presumably why someone coined "mining"
It should be called botting or grinding, at least more than it should be called mining.
Eh, it’s destroying a common good to extract resources (landscape / minerals, electricity / numberwang). I say the shoe fits.
That is a good comparison. Thanks.