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"Fundamentally, cryptocurrency AND cryptoart are valuable because they burn energy." I think a better way to put this would be to say that cryptocurrency and c
by PebblesRox 6y ago
"Fundamentally, cryptocurrency AND cryptoart are valuable because they burn energy."
I think a better way to put this would be to say that cryptocurrency and cryptoart cannot maintain value without maintaining scarcity, which they do by burning energy. The value doesn't come from the energy burning in itself, but in the current NFT system, that energy burn is a necessary component to preserve value.
An attempt to change this would require finding a different way to produce scarcity.