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by loceng 1895 days ago
And I still have yet to understand why should the rest of society who hasn't bought into Bitcoin shoulder higher energy costs because Bitcoin are driving up demand?
1 comments

This could be said about any commodity. Like because of gold hoarding banks/individuals driving up the demand rest of the society has to pay high price of gold for jewelry.
You're right, that's a moot point: it all boils down to unnecessarily, unreasonably transferring wealth from later adopters to earlier supporters (left holding the bag) in what amounts to very unsophisticated "investing" - whereby buying a stock of a company or say gold is buying for something very specific, contextualized, with annual reports and laws in place to attempt to lead to integrity within those organizations; not an apple to apple comparison that people consistently try to make.