Quote from: Celebrity on December 16, 2017, 11:16:51 PM

Quote from: ShortCoins on December 11, 2017, 09:56:11 PM

It appears that mining costs and the creation of crypto currencies consumes a lot of resources Cry

We have very little resources remaining in the world for each other and future generations. Does it make sense to waste resources like this? Could we do this in a cheaper and more economically friendly manner? And does the value of bitcoin directly correlate to the amount of resources and man hours that are destroyed in order to create it?

Okay, let's start with the electricity we used for mining and noding activites to keep our blockchain alive. We consume crazy amount of electricity and we produce this electricity from oil, coal and other petroleum sources mainly. This means we're wasting resources as it's a must.

Got to shut down all those electric signs in Times Square and Las Vegas too.