Dumb way I have been describing the harm of crypto:
Because when say, you use your computer to calculate 1+1, it just straight up calculates 1+1. It doesn't need to grow more complex.
Everytime say bitcoin or whatever calculates 1+1, it needs to leave a record of that 1+1 that is unique to that calculation. In doing this, it requires bitcoin to become more and more complex, even for simple computations. Every time 1+1 is done in bitcoin, it is more complex than the last time it was calculated, requiring more processing power. Everyday computing doesn't have this problem, power consumption doesn't have a need to grow more and more complex. Every time you put 1+1 in your PC, it requires the same amount of processing power.
By nature bitcoin is designed to grow more and more power hungry, individual PC's do not.
Unfortunately this isn't true at all. This would actually make more sense than what it actually is
It's literally just this
Colegreen_c12 posted...
the reason its expensive electronically is because its artifically made more expensive the more competition there are to mines coins.
It's the reason a bitcoin could cost like a penny to mine 10 years ago and 10's of thousands today. It's artifically harder.