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In my view, the energy cost of crypto is on top of the cost of the mainstream system. The mainstream system is what supports great ventures such as widespread e
by analog31 5y ago
In my view, the energy cost of crypto is on top of the cost of the mainstream system. The mainstream system is what supports great ventures such as widespread energy distribution, manufacturing of computers, telecommunications, international shipping, and so forth. And it provides the goods and services that are worth spending bitcoins on.
Note I've had similar debates with my kids: "Why don't we just replace the entire economy and political system with X?"