Can you please not take HN threads further into flamewar like this? It's bad for curious conversation. Generic discussions that have been repeated many times already never lead anyplace new; especially not indignant generic discussions.

https://news.ycombinator.com/newsguidelines.html

It's an "extreme statement" but to be honest, I'm inclined to agree. As a currency, it's an absolute failure. Far too volatile, illiquid, and unregulated to be even remotely usable/reliable. As for everything else? It's still looking for a "solution" that isn't just something hype driven.

> no benefit whatsoever

Clearly, the benefits for any energy consumption should be seen from the point of view of the consumer. They wouldn't do it if it were of no benefit.

It would be more fair for you to describe the distributed ledger clearing as of no value to you. Because it definitely has a value to some folks.

That said: some other cryptocoins do indeed provide a ledger like bitcoin, still decentralized and trustless, but without mining (and without block rewards).

Vote away, hurt bitcoiners.

EDIT: sorry for the silly remark, ironically, the original comment stands at +10 at the moment after starting deep in the negative.