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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.
It should be called botting or grinding, at least more than it should be called mining.
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"
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.