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Re:Wind energy used to mine cryptocurrency to fund climate r... by pjc50 on Sunday September 17, 2017 @08:29AM (#15269291)
> Sure, if you spent a million dollars buying CPUs and destroying them, that would create value.

Can you read what you've just written and see how mad it's become?

The converse of what you've said is that making CPUs destroys value, and by implication Moore's law and the whole process of technological improvement is destroying value.

This is even worse than the Bastiat "broken window fallacy": http://bastiat.org/en/twisatwins.html

Re:Wind energy used to mine cryptocurrency to fund climate r... by rwallace on Sunday September 17, 2017 @09:36AM (#15269517)
You're not reading what I've written.

But I was waiting for someone to bring up the broken window fallacy. The answer is that the unspoken assumption on which it is a fallacy is that resources in the economy are otherwise optimally employed. Back when it was coined, that might have been close enough to the truth to be a useful approximation. Today, it's very much not.

I don't think this argument has become particularly constructive, so I'll let you have the last word, but I suggest instead of just pattern-matching what you think I said to something you've heard somewhere else, try stepping back and just looking at the facts as they are.