>>Scenario 2) I work a paper route to earn ETH to validate. The world is the same as in Scenario 1, but the strained silicon, fab time, expertise, electricity,

>>Scenario 2) I work a paper route to earn ETH to validate. The world is the same as in Scenario 1, but the strained silicon, fab time, expertise, electricity, etc. all went to work on other projects instead of mining equipment, leaving the world slightly richer. I provided a counterargument to this: >>It diverts economic activity to non-economically productive activity in cycling capital into and out of deposits, which results in less liquidity.