Mises on gold 70 years ago, equally applicable to bitcoin today:
"If one looks at the catastrophic consequences of the great paper money inflations, one must admit that the expensiveness of gold production is the minor evil."
mises.org/library/human-…
"If one looks at the catastrophic consequences of the great paper money inflations, one must admit that the expensiveness of gold production is the minor evil."
mises.org/library/human-…
Read the whole paragraph... Part 1 
Part 2:
To anyone who thinks Bitcoin is a wasteful use of energy: Can you find a less expensive technology for creating sound money--i.e. a hard money that government can't control?
If you do, bitcoiners would be the first to join you. If you don't, quit concern trolling.
If you do, bitcoiners would be the first to join you. If you don't, quit concern trolling.
Bitcoin, if it works, robs governments of seniorage. It redirects resources from your government and its monopolies to entrepreneurs producing the cheapest energy in the entire planet, increasing their capital, infrastructure and capacity.
