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I have far too shallow an understanding of cryptocurrencies, but the (apparent) extraordinary inefficiency of the process was the first thing that struck me - I assumed I was missing something, but... twitter.com/fabianacecin/s

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I feel like it's worth mentioning that virtually every system the economy relies on, incl. fiat, produces insane amounts of waste. I'm old enough to remember environmentalists complaining about cash, and I'm not particularly old.

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It's also a slightly disingenuous choice, IMO, to look just at the costs associated with production and such. Lefties generally seem to accept that the externalities of the fiscal system look like millions of deaths, crushing of wages etc.

10:13 AM · Jan 24, 2019Twitter Web App