"All this crypto currency mining and speculation is a perverse form of wasting resources" It is not a waste because we extract economic & social worth from cry

"All this crypto currency mining and speculation is a perverse form of wasting resources" It is not a waste because we extract economic & social worth from cryptocurrencies. Same thing with cars: they waste 97% of their fuel energy but we tolerate them because they provide obvious economic advantages. Also see: http://blog.zorinaq.com/bitcoin-mining-is-not-wasteful/ http://blog.zorinaq.com/bitcoin-mining-is-not-wasteful/