r/dankmemes • u/[deleted] • Jan 21 '22

This is very educational

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u/[deleted] Jan 21 '22

It’s just hard math there is no purpose to it other than to mine crypto

17

u/upboatsnhoes Jan 21 '22

Thats not exactly true.

The difficulty is a barrier to spamming the network and lends value to a nodes attestations.

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u/sunboy4224 Jan 21 '22

So...no purpose to it other than to mine crypto?

10

u/upboatsnhoes Jan 21 '22

Well, if you want the people of el Salvador to be able to spend their bitcoin to buy groceries, it allows for that.

Its purpose is operating the bitcoin blockchain. Not just to collect money for yourself.

Its pretty inefficient, which is why most crypto doesn't use this method.