Earlier quoted context omitted.
If I were a socialist who was politically opposed to the huge benefits of cryptocurrency gaining major adoption I would boil it down to "exploiting human greed" and pretend it's operating under the assumption that the energy expenditures are a "waste" and therefor detrimental to climate change. If you can't understand the compound harm to the environment (for starters) of nations states existing and controlling curre…
We seem to have a difference in base assumptions. I'd like to preserve and further the technological civilization. You seem to want to shut it down. > the compound harm to the environment (for starters) of nations states existing and controlling currency Do you believe that nation states exist solely, or primarily, to control currency? Currency is the blood of the nation, yes, but nation states form organically, to f…
You seem to be arguing that demand for renewable power will...make there be less renewable power available? Which is not really how economics works. Creating lots of power demand isn't going to make us like, run out of sunlight. It's going to raise the price of power. It's going to compensate people for building more capacity. It's going to do all the things that we want.
In fact, by providing a constant demand for excess power generation which is currently hard to store, crypto-currencies can substantially improve the economic profile of building out lots of capacity that otherwise wouldn't make economic sense.