It's factually a horrific waste of energy. People pointing that out are not looking back in "hindsight", but are actually concerned with the damages it is doing to our planet.
I already listed those reasons in my comment also in this thread. Maybe dont jump to conclusions. Just pointing out different people have different opinions but the frantic people seem to be shortsighted in my opinion and those of brightest on such issues. I think Jack Dorsey knows how it works as well but is not startled. Perhaps people yelling at the sky are missing a thing or 2.
Very true. Just about every North American city would do a LOT more upgrading their transit systems a la Japan or China. Probably for a lower amount than Tesla’s market cap too.
The world needs to move to lifestyles that use less energy, not more, even if that means giving up things some people consider important. I thought that was the purpose of Tesla. Sure, maybe waiting for an electric car to charge isn't as convenient as filling up at a gas station, but it's worth doing for the planet.
Personally, I have purposefully chosen to live in a tiny apartment, in one of the few parts of the US where I'm not required to own a car at all. My iPhone 6S is six years old and I have no plans to replace it, and just yesterday I wrote an email to my building imploring them to turn down our heat, because opening windows in the middle of winter to stay cool is a terrible waste of energy.
I'm not perfect. I'm not a vegetarian, I don't buy carbon offsets, and I make use of Amazon's inefficient two-day shipping. And I'm not asking anyone else to go sell their cars. But would giving up Bitcoin really decrease your quality of life so much?
"The world needs to move to lifestyles that use less energy, not more"
That is literally never going to happen through the nature of technological and human advancement. The solution is where you source your energy from, not reverting to the stone age or jogging in place as a society.
Being forced to save in a currency the central banks treat as toilette paper would indeed decrease my life quality specifically through the purchasing power decrease of my lifetime labor.