Disclaimer: I'm fairly uneducated on cryptocurrency and failed miserably at economics, so these are just musings. Do you think any of those negative effects ar

Disclaimer: I'm fairly uneducated on cryptocurrency and failed miserably at economics, so these are just musings. Do you think any of those negative effects are counteracted by crypto creating a new ecosystem for the exchange of value? I'm not certain myself, but I'm curious what your thoughts are. It is slightly different than gold, in the sense that normal people (that can afford expensive graphics cards) can "earn" value—at the expense of energy consumption and thus proxying all of the destructive nature of that industry. On one hand, it doesn't really appear that it will increase the velocity of money, given that you're now just introducing a bunch of arbitrage opportunities in the exchange markets... That might even contribute to your point, that the larger "crypto" as a whole scales, the more it will serve to suck actual value out of the global economy. It's an interesting thing to consider.