[Barrin92]

>Luckily there is a mechanism for resource allocation and it is called price

I mean we don't really have that in the case of bitcoin, which is predominantly mined in China these days probably precisely because state subsidised energy projects have created a ton of useless energy surplus, on which bitcoin lives.

Which is ironic in and of itself, the libertarian currency de jure runs on the misallocated resources of a state planned economy lol.

Just imagine if the transactions actually costed as much as their energy consumption suggests and environmental damage priced in.

[_lqaf]

I'm not sure that's ironic. A lot of libertarian types don't seem to mind authoritarians as business partners, they just don't want to live that way.