> we can decide collectively as a society that a thing is valuable or not-valuable and intentionally set a particular price for it yeah, that's exactly what's

> we can decide collectively as a society that a thing is valuable or not-valuable and intentionally set a particular price for it yeah, that's exactly what's happening to bitcoin for last 10 years. > turning electricity into heat in the form of bitcoin mining is a gigantic and unacceptable waste of a resource that we'd like to use for other things first of all, heat is a sign of inefficiency, the better bitcoin mining gets the less heat it will produce. second - it's a gigantic and unacceptable waste of resources in your opinion, personally i very much disagree and think the opposite: decentralized financial security expressed directly in terms of energy required to subvert it is the largest discovery in financial theory since the concept of money itself, it is extremely valuable.