"Mining" instead of "generate coins"
Topic: Time to change the sub-title for this forum - page 2. (Read 2611 times)
It is good to also change this on the official client.
"Mining" instead of "generate coins"
"Mining" instead of "generate coins"
"Generating coins" perpetuates the mistaken belief that, well, miners generate coins. We need a community shift to the mental model that all coins were created mathematically right at the launch of the bitcoin protocol, and that we as bitcoin users award the coins to miners in return for the processing of transactions and for securing the blockchain. The use of "generating coins" terminology is a source of great confusion for newcomers and the most common reason for the belief that bitcoins are worthless or "imaginary". The true source of value in bitcoins is the fact that the community chooses to value them due to their unique properties, limited amount, and inherent security, and we need to start presenting this simply to newcomers.
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