[midmagico]

You are inflating the amounts considerably (and unverifiably with bald assertions) and then generalizing the rest of the industry based on anecdotal individual reports.

The amount of bad participation is negligible compared to the whole; the benefits are well-catalogued in places where it works under a legal regime. Your commentary about the attempt to destabilize the world economy has no legs and no justification aside from bald assertions, and in any event is directly contradictory to literally every academic estimation of the size of Bitcoin's black market going back to literally its first participant, being Silk Road v1, which even at the very beginning of Bitcoin represented only a tiny, tiny fraction of the otherwise legitimate economy.

Your assertion about the nature of miner profitability even internal to the assertion itself is a completely contradictory lie, since it can only be true if both miners are somehow ultra-profitable due to theft, but also not profitable at all and is thus a lie.

The mining conglomerates and larger operators and their profit in your assertions are clownish strawmen that have nothing to do with reality, and you are ignoring high-quality analyses of majority hashrate, their location, their energy use and source of energy, and ignoring the fact that literally hundreds of millions of people worldwide find positive value in Bitcoin's existence, and smacks of an oppressive first-world privileged hypocrisy and failure in value judgement.