RE: Bitcoin's Unit of Account: The Watt-Hour

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Bitcoin's Unit of Account: The Watt-Hour

in bitcoin •  last year

Thanks @eroche. Yes agreed not all bitcoins are created equal, but the current bitcoin utility value drives the electricity consumption/cost of production and not the other way around.

So rather than use historical input costs for each bitcoin individually, people will use the current electricity consumption as a proxy to value all bitcoins at the same time.

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