Value is a subjective concept. One could argue that its value is that arbitrary quantities of it cannot be created by dictat.
> - to be able to allow exchanging value, it fundamentally requires ever increasing waste, as the waste is what gives its mathematical guarantees.
One could argue that it takes a lot worse to maintain any currency such as USD as a currency. Full force of government law enforcement will be unleashed on you if you decide to have your own currency. There is a lot of "wastage" that goes to safeguard currency creation and storage and to prevent counterfeiting.
I do not hold BTC. Nor do I trade it. But to discuss as if other currencies have no cost is not rational.
Value is a subjective concept. One could argue that its value is that arbitrary quantities of it cannot be created by dictat.
> - to be able to allow exchanging value, it fundamentally requires ever increasing waste, as the waste is what gives its mathematical guarantees.
One could argue that it takes a lot worse to maintain any currency such as USD as a currency. Full force of government law enforcement will be unleashed on you if you decide to have your own currency. There is a lot of "wastage" that goes to safeguard currency creation and storage and to prevent counterfeiting.
I do not hold BTC. Nor do I trade it. But to discuss as if other currencies have no cost is not rational.