mining= energy proof of burn, a way to bootstrap value in a cryptocurrency, at least in bitcoin, see "commodity". "The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation" it's a feature.

This is regarding first 2 chapters where it compares it with fiat saying it could become 802.4% more costly, right comparison is with gold indeed like in https://www.bitcoin.fr/public/divers/docs/Estimation_de_la_d...

Expect a tldr of chapter 5, will check here back tomorrow if there is any.

Actually I'm happy they are working on an actual prototype.