>Cryptomining is a waste of energy and compute resources. I have my objections to crypto currencies, but this is not one of them. Most everything we do as huma

>Cryptomining is a waste of energy and compute resources. I have my objections to crypto currencies, but this is not one of them. Most everything we do as humans is a 'waste' if you want to get philosophical. Blockchain is an interesting technology. It may or may not go anywhere, but there is value in thousands of people 'playing' with it to see what's possible. That is, there is value in exploring the solution space of the Blockchain because there is possibility in finding some local or global efficiency minima. Think of it as a R&D investment that may or may not pay off. Still too early to tell. Besides, the energy cost of the Blockchains is not and will not be the determining factor in fight against climate change or any other environmental concern. So the last thing you want is government bureaucracies cracking down on it from that angle. Let people explore and play and see where it goes. Having said that, if crypto mining does start to impact other infrastructure, regulators may have to look at it. And there's precedent for that kind of action. For example, regulators will typically work against silver speculation because silver is also an industrial product and if the price inflates to much, it will have deleterious effects on other industries and the wider economy. >It's hard for me to comprehend, that others don't see the pyramid scheme behind it. There is that aspect of it and most recognize it. When crypto intersects money and acts as an investment, it should be regulated because there are a lot of nefarious individuals who are using crypto currencies to swindle money from people. For example, my next door neighbor tried to enlist me to buy into some crypto scheme recently. It took me 5 mins of googling around to see how incredibly risky that 'sure-bet' is [1]. I'm pretty sure he sunk tens of thousands of his money into it and I'm pretty sure he doesn't quite understand what it is that these scammers are offering him (basically he's trading in crypto, that he had to buy, that is popular and therefore relatively liquid - i.e. something you can actually sell - for crypto that is not and has a good chance of collapsing in the near to mid future). Regulations will help in this area. [1]https://behindmlm.com/mlm-reviews/hypercapital-review-hypercash-resurrection-ponzi-scheme/ https://behindmlm.com/mlm-reviews/hypercapital-review-hyperc...