[eloff]

I think we've given this proof-of-work experiment plenty of room to run, and it's time to end it as a failure through governments making it illegal.

The algorithm sort of worked, but the costs are too high. In the end those high costs led to efficiencies of scale leading to a few large miners controlling the whole blockchain. So it never lived up to the decentralized dream anyway.

Now it mostly serves to fuel rampant speculation and crime. It enabled a whole new category of crime through cyberlocker attacks (well not new, but made it so, so much more successful.)

The harm well outweighs the good. If it continues unabated proof-of-work crypto could double the energy requirements of the planet in just a few decades. It's not worth that. Kill it now before the consequences get worse.