Crypto is part of the transition outside of FedRes control. It is not "the answer", it is "part of the answer". It will be understood better after energy prices come down and individuals can mine their own Bitcoin and convert it to US $ to spend and pay bills directly or indirectly.
It is energy conversion into "store of value", and then ultimately into spendable currency. 3 step process right now and nearly fully decentralized process with low cost or "free energy" powering personal Bitcoin mining nodes.
Key metric is net cost: (value of Bitcoin mined) - (cost of energy to mine). Metric is still negative (except at scale with RIOT, MARA, CLSK) due to manipulated HIGH energy and manipulated LOW Bitcoin price.
Crypto is part of the transition outside of FedRes control. It is not "the answer", it is "part of the answer". It will be understood better after energy prices come down and individuals can mine their own Bitcoin and convert it to US $ to spend and pay bills directly or indirectly.
It is energy conversion into "store of value", and then ultimately into spendable currency. 3 step process right now and nearly fully decentralized process with low cost or "free energy" powering personal Bitcoin mining nodes.