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A lot of people in the Bitcoin space make the case that it's good for the environment because high energy consumption incentivizes improvements in energy efficiency.

Are cigarettes good for public health because they incentivize improvements in cancer treatments?

@LeoSammallahti Improvements in efficiency will just make mining cheaper, enabling people to mine more, and the whole thing is a wash.

@ckohtala

It seems to be the main talking point when someone brings up the insane energy consumption.

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