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Comment by ravenstine

2 hours ago

That's like saying cars have negative value because of how much oil it takes to run them.

Cars have the benefit of transporting humans and goods around.

It's more like saying a hypothetical car which moves itself by using gasoline as a propellant rather than fuel for its combustion engine would have negative value.

Sure, using fuel (of all things) for propulsion would be one way to move a vehicle, but it would be inefficient by design.

Bitcoin, at least, was created during a time where there was no alternative to security-by-inefficency, but PoS and other consensus mechanisms are pretty battle-tested now