You cannot justify #bitcoin. Just stop and invest that computing power on curing cancer or other pressing problems.
@jalcine #TheGuardian totally misses the point. Bitcoin "mining" is not about harvesting coins; that's just a side-effect. #Bitcoin mining is what makes it have its unique status of sound money and immutability of its ledger.
Whether you generate 12.5 BTC per block now or just get mining fees in about 100 years, the mining cost will stay and it is needed for the money not to lose this unique status.
It makes no sense to see the cost of Bitcoin mining as a per coin bases and compare it with gold
@chucker @jalcine Maybe if you tell your grandma that with a non-inflationary currency she could still be buying bread for 10 cents like 50 years ago, she'd be quite glad.
Ultimately, with #Bitcoin we're trying to get rid of the debt- and inflation-based financial system that is stealing poor people's savings. I don't think that's something you can be against.
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