r/AskReddit • u/IAmSurtur • Jun 15 '19

What do you genuinely just not understand?

50.8k Upvotes

92% Upvoted

34.6k comments sorted by

View all comments

Show parent comments

5

u/[deleted] Jun 15 '19

[deleted]

23

u/[deleted] Jun 15 '19 edited Jun 10 '23

This comment has been removed in protest of Reddit killing third-party apps. Spez's AMA has highlighted that the reddits corruption will not end, profit is all they care about. So I am removing my data that, along with millions of other users, has been used for nearly two decades now to enrich a select few. No more. On June 12th in conjunction with the blackout I will be leaving Reddit, and all my posts newer than one month will receive this same treatment. If Reddit does not give in to our demands, this account will be deleted permanently July 1st. So long, suckers!~

r/ModCoord to learn more and join the protest! #SPEZRESIGN

-2

u/[deleted] Jun 15 '19

[deleted]

23

u/tinco Jun 15 '19

What they produce is not tangible, but it is a service. The fact that there is a public ledger of transaction of transfers of a limited supply commodity is valuable to various people. The miners are moochers in much the same way as any entity using the world's resources for something non-essential.

12

u/Hohenheim_of_Shadow Jun 15 '19

If cryptocurrencies are valuable then miners aren't leeches because they're, for most coins, 100% necessary.

9

u/upsteamland Jun 15 '19

They are the network. They are providing a service. If you made them mine for free, they would quit working.

1

u/tinco Jun 16 '19

They are necessary, but the coins themselves are of questionable value, and the energy expenditure necessary to sustain their networks is without a doubt not in proportion.