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bufbupa | 4 years ago

Sorry that I don't know how to present this more constructively, but you sound pretty tin-foil-hat-y. You argument seems to be just "I don't understand this thing, so doesn't that mean someone could have introduced it out of malice". As the replies from your previous comment stated, try reading about the block chain protocol. It's definitely easier to understand than the whole of our fiat currency system.

In my opinion, crypto is largely a ponzi scheme, so rest assured I'm not saying this out of love for bitcoin. But I also don't believe there's some master-mind illuminati behind the scenes orchestrating this intentionally. This is a 100% open and transparent protocol that people are supporting out of fear of existing societal power structure. If you have a good reason to suspect someone of manipulating crypto for some greater purpose, present your evidence and let us evaluate it. But vague paranoia about some puppet master's scheme sounds a bit like crying wolf to me.

We as a society just haven't gotten good at pricing in externalities (eg: carbon emissions) to consumer goods yet. If crypto miners were providing enough societal value to afford the excessive consumption of energy, then I think everyone would be praising crypto as the next industrial revolution -- improving quality of life for everyone! But instead, I think most people recognize it as siphoning value from many for the benefit of a fortunate few.

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