Sep 4, 2018 · 1 min read
“ Monero also runs on a proof of work verification standard similar to Bitcoin. PoW means there will always be a value behind XMR, even if only the cost of energy.”
No, just because something requires energy to produce doesn’t mean it has any value. That’s the marxist “labour theory of value”, which is false (at least when you interpret “value” as “price”)
https://www.forbes.com/sites/jeffreytucker/2018/09/03/no-marxism-does-not-explain-bitcoins-value/
