[beaconstudios]

I'm aware that there is utility in crypto in being ungovernable (though ideologically I only partially agree with that utility - I think tax evasion is immoral under the current system, for instance) but I'm saying the cost/benefit weighs massively in the cost side: not only the positive feedback loop of energy consumption, but the fraud, the wasting of skilled engineers' time building ever more elaborate scams, the empowerment of ancap types like Buterin, the enabling of actual immoral crime like ransome ward, just so so many negative utilities. Proponents don't even invest what I consider the actual upsides like remittance or harm reduction in buying drugs - they invest in get rich quick schemes. That should tell you where their priorities lie.