it is likely inherent for any commodity money that it must have a production cost. think about gold and what made it a good money for 6000 years, before the fiat experiment: you could NOT print it without expending effort to mine it. ie doing work. gold IS physical proof of work.
@adam3us Gold has a mining cost but the problem is that an increase in work increases the supply growth rate. So gold may be good money, but the lack of a difficulty adjustment prevents it from being great money.
@adam3us Bitcoin mining is like burying coins in the earth and letting anyone have them if they put in the work to unearth it. But the coins go deeper in the earth as the system realizes more people are trying to obtain it. It's just minting coins but with extra steps. No value added.
@adam3us 100%! @adam3us when interview with @relai_ch CEO @julian_liniger from Zurich? The Swiss people want to hear what you have to say. 👀👀👀