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Crypto is just a digital asset that is very damaging to the environment and it is not like fiat currency because there is no exclusive market under it.

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> very damaging to the environment

That's not accurate: not all cryptocoins are secured by an ever-escalating proof-of-work.

proof-of-work is supported by value of cryptocurrency, and does not something of inherent value. Contrast this with stocks, for which trading value depends on technical analysis and is slightly random, but in the end it is supported by some concrete thing.

Proof of work provides the man hours equivalent of security for the cryptocurrency, much the way that a standing military provides the man hours equivalent of security for a centralized national currency.

No, value of stocks is independent of "technical analysis".

TA does not work, except in special circumstances, and then only until the "secret" is revealed.

Is it true by market value? Bitcoin itself is worth something like $200 billion. What's the biggest counter-example?

I guess Ripple (XRP) is the biggest non-PoW blockchain at $11B. Ripple is also mired in criticisms of every kind.

this "crypto is bad for the environment" meme is a zombie meme.

https://www.coindesk.com/the-last-word-on-bitcoins-energy-co...

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