Here are some of the associated costs of crypto:
- Environmental effects for the energy consumption that is not clean and the corresponding breakeven for clean energy.
- Subsidized costs of energy are a direct cost into governments budget.
- By increasing electricity consumption miners are increasing the demand and therefore the cost. This drives up inequality.
I haven't found a better term than "Societal Costs" that summarizes all these costs.
> This, and the potential of smart contracts that use the "Crypto Dollar" are where I see the most potential.
Absolutely!
Here are some of the associated costs of crypto:
- Environmental effects for the energy consumption that is not clean and the corresponding breakeven for clean energy.
- Subsidized costs of energy are a direct cost into governments budget.
- By increasing electricity consumption miners are increasing the demand and therefore the cost. This drives up inequality.
I haven't found a better term than "Societal Costs" that summarizes all these costs.
> This, and the potential of smart contracts that use the "Crypto Dollar" are where I see the most potential.
Absolutely!