This was a pretty good write up on the issues with crypto, it also encouraged me to research proof of stake vs space, as I had conflated the two. It didn’t occu

This was a pretty good write up on the issues with crypto, it also encouraged me to research proof of stake vs space, as I had conflated the two. It didn’t occur to me that someone had designed a “crypto” system that was essentially just an interest payout system and as such the only way to “earn” significant amounts is to already have significant amounts. Of course Chia has already demonstrated that all the pro-environmental claims of proof of space were also nonsense (of course at least it still isn’t as bad as bitcoin+with, but it’s still pretty terrible). The core problem with crypto as I see it, is that by design it cannot scale, and by design any increase in value requires an increase in energy cost - however unlike rare metals or what have you, the value/watt seems simply horrific.