[guappa]

It's literally doing busywork just to assign a value to the mining. It's beautiful if you're a business major who has no regard to real world.

[npoc]

What do think happens if you let people create money without doing the equivalent work?

[guappa]

Why do we let people create money where the work is "waste energy" instead of create money where the work is "build something we need"?

[npoc]

Because then you are monetizing the work in other ways and so you still end up creating the money for free.

[smoldesu]

You waste less energy? Ethereum seemed to figure this out despite being entirely dysfunctional.

[guappa]

For him, wasting energy is the entire point that assigns value to the tokens… Does it make sense? No, of course not.