Matt Levine just keeps getting funnier and funnier over the years:
> Twenty years ago, if you had told people that one day they could get paid for not mining Bitcoin, they would have said “what?” But now it is possible. Modern finance created the problem (Bitcoin mining) and the solution (paying people not to mine Bitcoin); the overall result is that nothing happens and yet people get paid. Just a miracle of financial engineering.
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[ 3.4 ms ] story [ 10.4 ms ] thread> Twenty years ago, if you had told people that one day they could get paid for not mining Bitcoin, they would have said “what?” But now it is possible. Modern finance created the problem (Bitcoin mining) and the solution (paying people not to mine Bitcoin); the overall result is that nothing happens and yet people get paid. Just a miracle of financial engineering.