To be frank, the consumption of computing resources (which is, any way you try to slice it, insane) is perhaps one of the least problematic aspects of the whole crypto-currency bandwagon. There are so many reasons why Bitcoin et al are nothing more than classic speculative bubbles, and there are no reasons why it’s a viable medium of exchange.

Anyone who enjoys my articles here on Medium may be interested in my books Why Democracy Failed and The Praying Ape, both available from Amazon.

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