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    "pointless busywork" — Avery Pennarun, 2011. Bitcoin prediction poster (BTC $4 at the time).
    “pointless busywork” — Avery Pennarun, 2011. Poster by Buttcoiners.

    “Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”

    $4·
    Avery Pennarun

    Avery Pennarun

    CEO of Tailscale

    Bitcoin since the quote

    Then

    $4

    Now

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    The context

    On , Avery Pennarun (CEO of Tailscale) made this statement while Bitcoin traded at $4.

    pointless
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    "pointless busywork" — Avery Pennarun, 2011. Bitcoin prediction poster (BTC $4 at the time).
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    Avery Pennarun (2011). "pointless busywork" — Avery Pennarun on Bitcoin. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/quote/pointless-busywork-avery-pennarun-bitcoin

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