2026-03-26 01:06 UTC
Bitcoin was made inevitable by the Great Financial Crisis, not by hardware advancement. Its proof-of-work is based on hashcash from the 1990s. The computing power spent is arbitrary, a consequence of its creator underestimating how quickly Bitcoin would catch on.
Replies (1)
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@maplesaga@lemmy.world 2026-03-26 14:02
Well I think it was the hardware crypto implementation that allowed it, as you could check cryptographic keys far faster, which is what creates the gate.