Card V-18: SATOSHI NAKAMOTO – Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. … Therefore, not having Bitcoin would be the net waste.

Series V · Card 18 of 21 · THE MINE

Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. … Therefore, not having Bitcoin would be the net waste.

SATOSHI NAKAMOTO · BITCOINTALK · 07.08.2010

Open in the web app

Turn it over, answer, sign – free, no account.

Source

BitcoinTalk, “Re: Bitcoin minting is thermodynamically perverse”, 7 August 2010 (abridged)

Open source · satoshi.nakamotoinstitute.org ↗

About the author

Pseudonymous creator of Bitcoin. Published the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 and launched the network in 2009. Their identity remains unknown.

About the source

Bitcointalk: the forum Satoshi opened in November 2009 to talk about Bitcoin.

The question on the back

Is Bitcoin’s energy use a waste to you?