The financial system has put a lot of effort into automation obliviously because it means they make more money. So to the extent that they could be automated, they are automated and will continue to increase the level of automation.
It’s also not a reasonable comparison because banks do something useful (even if I think they could be much better regulated and are too profitable and shouldn’t be running the payment system).
Crypto does nothing useful, it’s like an online casino, or an online game.
Do you know any online games that consume anywhere near as much hardware and electricity?
> So to the extent that they could be automated, they are automated
It still isn't enough and is a huge waste of energy and resources.
> Crypto does nothing useful, it’s like an online casino, or an online game.
For me, it is extremely useful on a daily basis.
> Do you know any online games that consume anywhere near as much hardware and electricity?
All of them. ETH has switched to PoS and no longer consumes so much energy. It also had the side effect of destroying profitability for the majority of the other GPU mined coins, and thus the hashrate on those networks have dropped off considerably (or been replaced with ASICs).
It’s also not a reasonable comparison because banks do something useful (even if I think they could be much better regulated and are too profitable and shouldn’t be running the payment system).
Crypto does nothing useful, it’s like an online casino, or an online game.
Do you know any online games that consume anywhere near as much hardware and electricity?