Re: What a load of bollocks this bitcoin is!
What is the actual benefit over, say, the current banking system, which flawed though it may be, at least isn't quite that energy-hungry.
Well.. there's the mining PC themselves... someone's making money on them. The power companies make money. Hmm.. other benefits....? Have to get back to you on this one.
It used to be that only governments could "create" or issue money. With Bitcoin, et al, that has left the hands of government. So maybe that's a use?
Biting the hand that feeds IT
