I wish there was a way to tally all the electricity that is needed/used to support other currencies. Crypto doesn't need banks and vaults, tellers driving to work, cash registers, money counters, coin return machines, coin wrappers, bill wrappers, bureaus of people whose whole job in life is trying to prevent counterfeiting, companies who make counterfeit detecting devices, all the electricity used by people staying past close to count their money. The list is endless. I just started thinking of this today as a result of his video and while I think Bitcoin mining ends at some point in the next couple decades, the above uses of electricity it seems will stay the same (or probably grow).

And crypto does do something pretty important, so unless governments regulate it to death, it'll probably always have value. There's no central bank or government to declare it no longer a currency, so there's no reason to think it will ever be worthless like many paper currencies have become. If you think about it, even US cash will devalue itself to practically nothing given enough time of inflation, so you kind of have to invest in something. Everything is a risk though. I don't blame people for betting on something that's finally not controlled by 'the man'. The arguments against it sound just like all the people that have been telling me for two decades I should sell all my Magic cards because they weren't going to be worth anything soon, and every year I didn't listen while they consistently outperformed the stock market. Is that investment any worse than the housing market that people manipulate and destroy? The stock market, a lot of which is bets on non-physical things, or futures, or whatever other shady stuff like micro trading that's being used to siphon off value? I guess bonds might be safer, unless the next insurrection is successful and actually topples the government? Nobody knows. Invest in what you know and diversify, that's the best you can do.