Comment by sgnelson

I feel like I could make a pretty good analogy about an arsonist burning down houses and how that would be a great way to create a hyper-efficient market that would tell us the true cost of housing, insurance, construction supplies and labor, etc. ie, your opinion sounds a lot like the the broken window fallacy.

But I don't worship the market above all, and I'm of the opinion that any type of system (capitalism, socialism, whatever) exists to serve the needs of a society, not to be a system in it's own right to serve it's own "needs" (whatever those may be.) But I also think there's a strong argument to be made that mining bitcoin is not a net benefit for society.