> The energy was already generated. Imagine you're a power company. You gotta sell your energy. You do realize that power stations can increase and decrease pr

> The energy was already generated. Imagine you're a power company. You gotta sell your energy. You do realize that power stations can increase and decrease production to scale with demand? > Who do you sell it to? Locally? To that price-fixed monopoly who have exclusive control simply because they happen to be physically located near your very heavy and hard-to-move power station? Or do you mine Bitcoin? If you re-route 50% of your power output to a server farm and jack up prices for everyone else because free market, the costs of all the goods and services that you require to maintain your power plant and your server and the salary that your staff requires to feed, bathe and house themselves will all go up. Crypto bros are 21st century gold hoarders. The idea that the value of crypto/gold is 100% intrinsic to the commodity itself and not related to the social and economic context in which it exists myopic and a fundamental misunderstanding of the concept of value itself.