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by s73v3r_ 2881 days ago
"What does the word 'waste' mean to you? Why would you use this word to describe what is done by the proof of work?"

Because it's a waste. It's not worth what it costs to do, and it's making our world worse by eating up more resources.

2 comments

> It's not worth what it costs to do

If you concede that it has utility at all, then all you're saying is "I wouldn't be willing to pay that much". But clearly the market will bear a higher price than you're willing to pay.

Other things that are proof of waste: 1k USD iPhones, Cartoons on TV, all-you-care-to-eat restaurants, dabbing, hoverboards.

I'm seeing a whole lot of "whataboutism", but I'm not seeing anything relevant to the current conversation.
Not worth it to you. Just like your trip to Thailand is a waste of finite resources as far as I'm concerned. Who gets to decide, these things are subjective. That's why we use markets to allocate resources.
Except you don't exist in a vacuum.
Hmm, but also [inserts mindless platitude]