“It’s the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for #Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.” Satoshi Nakamoto - Bitcoin: A Peer-to-Peer Electronic Cash System 🧡 https://video.nostr.build/efcec3ce5cc418956f7bebaf08b16d41510e40c71048f6651a2d158e97d40e0c.mp4