> does not provide genuinely valuable economic activity Not yet, but don't presume current economical status quo is working flawlessly. The current monetary sy

> does not provide genuinely valuable economic activity Not yet, but don't presume current economical status quo is working flawlessly. The current monetary system is kind of a joke, it no longer is backed by gold, in fact it's not backed by anything. So if you think about it for more than a minute why should it be that currency in the US should have any value? Creating an alternate store of value that is not just printed or made up and can be proven to exist at the very least provides something not too dissimilar to a database backup in case of a complete meltdown of fiat currency. It, however, does need to be allowed to get sufficiently big for a future restore to work. That is worth a bit of electricity. Yes, a bit, as a percentage of the GDP.