In cryptocurrency, mining is not necessary for technical progress. You could have a world in which the top cryptocurrencies are 1/100th of their current specula

In cryptocurrency, mining is not necessary for technical progress. You could have a world in which the top cryptocurrencies are 1/100th of their current speculative value and thus 1/100th of the funding would go to miners and they could still demonstrate the technology and improve the state of the art. In many ways, the amount of money being put into cryptocurrency is antithetical to its development