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>On the contrary, mining does create value, by creating a demand for computing power therefore financing the development of more advanced lithography This is l
by cvsh 9y ago
>On the contrary, mining does create value, by creating a demand for computing power therefore financing the development of more advanced lithography
This is like saying hurricanes create value because they create demand for construction
- rwallace 9y agoThis is an "apart from that, Mrs Lincoln" - there is no analogy, because you're leaving out the destruction caused by hurricanes, which is their overwhelmingly most important result.
- danblick 9y agoOr Frederic Bastiat's "Candlemaker's Petition", which was a satirical request that officials block out the sun in order "to encourage industry and stimulate employment". http://bastiat.org/en/petition.html http://bastiat.org/en/petition.html