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This is quite a silly view. Bitcoin mining doesn’t convert energy into currency, it’s using computation as a consensus mechanism for a distributed ledger. This

This is quite a silly view. Bitcoin mining doesn’t convert energy into currency, it’s using computation as a consensus mechanism for a distributed ledger. This consensus can be achieved many other ways, as seen by the myriad of other coins popping up with their own mechanisms. Proof of work is the most wasteful way of doing so. It creates an infinite race of seeing who has more compute, as it actively rewards those who consume more energy. You’re seeing things that aren’t there in both sides of the argument. I have no idea what the last few sentences are supposed to mean, but bitcoin dying is not the end of the human species, that’s just silly.

motohagiography 4y ago
I'm not sure this response is from a mind equipped to apprehend the adequate or necessary level of abstraction to address the issue, but it bears addressing because it is representative of the quality of argument made in favour of bitcoin bans and regulations. The crux of bitcoin is sound money tied to compute costs - which directly are energy costs. It rewards people who find and apply sources of energy they can convert into compute wherever they may be. I've found some people say they don't understand things when doing so would create a conflict with their ability to sustain dissonance. My comment wasn't for them, it was for people with the need and ability to understand the macro dynamics of the policies that impact us all, and that there is a view that is upsteam of all this anti-crypto hysteria.