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They make money in the sense that they transfer money from the gullible to the unscrupulous, while heating the environment in the process.

It isn't evident that any lasting value is actually being created or that it isn't a zero-sum game.



Luna is a proof of stake system. The energy usage is negligible.

While the rest of your comment may have some truth in it the different types of stake mechanism should really be understood on HN.


HN seems to have unanimously thrown all nuance to the wind whenever crypto comes up


This is unfortunately true of far more of the economy than a lot of people will admit.


> transfer money from the gullible to the unscrupulous

this, has some value in the same way natural selection has value in nature.


A very Machiavellian observation. Maybe next we can just start exterminating people we deem unfit? I think a few have tried that before.

/s


Monero appears to have succeeded at creating private and anonymous cryptocurrency. That's extremely valuable, it should be the default for all transactions everywhere.




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