Great article... But you need to clarify what the actual problem is with this because I don't seem to get it..
If we are talking about environmental issues, I totally get your point...Then creating Bitcoin is absolute madness!!
From an economic point of view, I don't see the problem.. First of all, all the producing is divided amongst thousands of computers, and production costs are still lower, than the expenses..
Question for you.... How much does it cost to produce 5000 dollar, if you count in everything..producing, delivering, safekeeping, administration, transport and so on... Bet you that this hurts the environment just as much!!
Just my thoughts!
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