LoL, no with stock splitting you get the same value only with more stocks that can go up in value eventually. This is worse cause the same amount of work(arguably more considering how many server farms are out there mining the same coin now as opposed to back when it started) for half the value. So, in a very real sense it does actually halve the value. And that’s not even looking at the fact that crypto currency has no inherited value. It’s not backed by anything but the investment of interest by crypto bros and shady groups looking to hide transactions and assets.
Comment on What's Happened Since Time Dropped Its Paywall 1 Year Ago
XeroxCool@lemmy.world 3 days agoDo you know what halving means? It’s not a stock split and it’s not a value halving.
buddascrayon@lemmy.world 2 days ago
stonerboner@lemmynsfw.com 3 days ago
Ah, so the people creating essentially get paid half for the same amount of work. That’s WAY better lol. Yeah, I’m not super into knowing so much about faux currency. I tend to deal with the real kind. So please pardon my mistake 🙏
technocrit@lemmy.dbzer0.com 2 days ago
Here’s some more 101 info: Computers do the work, not people.
stonerboner@lemmynsfw.com 2 days ago
Oh, are you talking about the insanely high non-renewable energy used to mine coin and distribute, which is way beyond even AI?
Because I think it’s pretty evident that the coin halving heavily impacts our environment as it now takes twice as much energy to create the same value.
Actually giving a shit about the Earth 101 for ya.
postmateDumbass@lemmy.world 2 days ago
Better crypto use the power than AI.
null@slrpnk.net 2 days ago
They said, having zero knowledge of the subject and nothing at all to back it up.