What a colossally stupid waste of resources. Right now its costing somewhere between ~3500 and ~9000 USD to mine a single bitcoin (on average). To me, we've essentially engineered a mechanism to capture and trade something that represents the value of squandered electricity.
1) we're generating a ton of co2, further destabilizing the planet ecosystem
2) if we ever _do_ sort out cold fusion energy, crytoholes are going to abuse the shit out of it.
I feel like cryptocurrency and perhaps nuclear weapons are a built in 'kill switch' by nature to make sure only useful species ever get off the planet.
1) we're generating a ton of co2, further destabilizing the planet ecosystem 2) if we ever _do_ sort out cold fusion energy, crytoholes are going to abuse the shit out of it.
I feel like cryptocurrency and perhaps nuclear weapons are a built in 'kill switch' by nature to make sure only useful species ever get off the planet.