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Can you elaborate on what you mean by Societal Costs of crypto? > I have said it a few times on HN: I see more potential into a "Crypto Dollar" than in crypto

• josalhor 6y ago
  > Can you elaborate on what you mean by Societal Costs of crypto? Here are some of the associated costs of crypto: - Environmental effects for the energy consumption that is not clean and the corresponding breakeven for clean energy. - Subsidized costs of energy are a direct cost into governments budget. - By increasing electricity consumption miners are increasing the demand and therefore the cost. This drives up inequality. I haven't found a better term than "Societal Costs" that summarizes all these costs. > This, and the potential of smart contracts that use the "Crypto Dollar" are where I see the most potential. Absolutely!