Comment Infrastructure (Score 1) 312
If you want a sound currency you will have to pay of its infrastructure and security. Will you trust banks and central banks to do that?
Corrupt institutions can print the money they want, tax us indirectly via inflation, devaluation, currency debasement. And we've seen fraud after fraud ripping the value of fiat money.
The question is: do you want decentralized and totally secure money or not? If yes, then you will sure understand the purpose of spending energy on bitcoin.
Oh and for the ones who say it's a speculation tool, i don't even bother to present examples of all the speculation present and past that fiat money has enabled and the ruin that it brought to millions of speculators.
If i own a bitcoin i know for sure that nobody can dupllicate, triplicate, etc... the value of it. Nobody can print a duplicate of a bitcoin. Outside the blockchain, nobody can issue bitcoin out of nothing, namely through fractional reserve and debt.
For all of this i will gladly pay a fair value for the energy it takes to mantain bitcoin.