Mining Bitcoin is completely analogous to mining for gold. Was all of the effort and energy put into gold mining "wasted"? Perhaps, but the economic liquidity i

Mining Bitcoin is completely analogous to mining for gold. Was all of the effort and energy put into gold mining "wasted"? Perhaps, but the economic liquidity it provides has value in and of itself. I'd argue it's quite high, given that money supplies are only going to tighten in the future.