3 ms·
> no t-shirts are being made; no apps being sold The T-shirt being made is that the transactions are traceable, verifiable, and the system is hard for one (sta
by pazimzadeh 3y ago
> no t-shirts are being made; no apps being sold
The T-shirt being made is that the transactions are traceable, verifiable, and the system is hard for one (state) actor to shut down or control. Again, I'm not arguing that crypto is the only way to get these benefits, but the idea that there is zero utility seems ludicrous.
> money is being burned to run the mining
But money is also wasted you call it with the traditional system: https://www.yahoo.com/video/pentagon-35-trillion-accounting-black-231154593.html https://www.yahoo.com/video/pentagon-35-trillion-accounting-...
I tried to find an estimate of how many dollars have gone into crypto mining so far, but was unable to find it. However, I would bet that it's less than 35 trillion dollars