Re:
https://www.cnbc.com/2022/04/26/fort-wo ... tcoin.html
"Fort Worth, Texas, is now the first city government in the United States to mine bitcoin — and in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall.
Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall. The city says the miners will be hosted on a private network to minimize the security risk. Bitcoin operates on a proof-of-work mining model, meaning that miners around the world run high-powered computers to simultaneously create new bitcoin
and to validate transactions."

Fascinating! - even mesmerizing - this asset that exists only as a unique electronic number; a number that must be created with lotsa electricity, lotsa electronic machines, and lotsa networks ... and effectively ceases to exist without electricity! Somehow, "de-mining" comes to mind (using up the world's real resources to create that which does not exist as a real thing).

With real currency slowly being eliminated (a real thing that does not have to be validated* by a bitcoin network for
every transaction with
every transaction becoming a permanent electronic record in a HUGE database), the world's "almost poetic devotion to the initiative" is itself poetic understatement
* other than a cashier visually examining a large bill
Rod

(still perplexed by this financial WOKEit science,
suspecting relationship to our new millennial WOKEism!)
