Aroop Roelofs @finlaydag33k@social.linux.pizza

@parker @finlaydag33k

Similarly, adding some kind of useful economic activity to PoW doesn't make it more efficient.

I think it would make people a lot less anxious about the "wasted energy" involved. For instance I think if Foldingcoin was #1 people would have a lot less rage against PoW.

That said I do think the mindset "People shouldn't be allowed to use energy" and it's logical conclusions "We have a right to limit people's energy use for the greater good" is a one-way road to 99% of people starving/freezing to death.

I will go a step further. Bitcoin and the entire cryptocurrency space exist because there is a massive market to replace the banking system because it's entirely run by criminals.
If we prosecuted them and properly regulated the industry the entire idea would be redundant.

I firmly believe that cryptocurrency is the wrong solution to a serious problem. Instead I advocate people temporarily barter (cryptocurrency can be an instrument for this) as a mechanism to keep government and finance in check.