Too bad the proof-of-work underlying crypto currencies couldn’t have been actual useful work instead of just wasting energy and accelerating the destruction of our planet.

Yea yea you heat your bedroom with your Bitcoin miner so nothing was wasted? Well the majority (>70%) of mining is being done on cheap electricity from unfiltered coal power.

The Ponzi scheme will collapse, and the only winners will be the owners of the coal fired power utilities. Thanks techno libertarians.