Bitcoin is like a tree fungus, that's the best comparison I can find for it. It might kill the tree, which in this case is global economy, if left untreated.

Today we seem to have a discussion whether that fungus is at least eatable, maybe even medicinal, maybe it's a treatment for all possible ailing of economy. It will fix markets, it will restore hierarchies of values. But the fact is that it's draining energy literally for PoW requirement and indirectly through cheating people out of their money. It's more like a magic mushroom for criminal underground to avoid scrutiny.

The best example that it's a toxic fungus is how the investors react when it goes up, like that famous bitcoin millionaires cruise, that seem to be a good example of restored hierarchies of values. Finally rich people spend their hard earn money productively, thank you bitcoin.

--

--