Why not also destroy the entire architecture of high frequency trading, too?

This is so wrong, but i don’t know where to begin.

On second thought, the links from @[email protected] are a very good start. I didn’t even know about most of those examples.

Some anti-FUD for you:

https://reason.com/video/2021/02/05/bitcoin-is-protecting-human-rights-around-the-world/

https://www.upstreamdata.ca/post/natural-gas-venting-how-bitcoin-solved-a-160-year-old-problem (https://twitter.com/Beetcoin/status/1120277815058944001)

https://finance.yahoo.com/news/study-over-74-bitcoin-mining-180300738.html

Please read the Bitcoin Standard to get a better understanding on the topic. As long the global finance system works as it does now, there is no way Bitcoin will disappear.

What you call “financial speculation” is just people discovering a new tool to protect their lifetime effort and you think you have a suoerio moral and are capable to take better desicioms for those people. You are just an angry human that doesnt like something and want to use force to change it, the rest is just a bunch of your cognitive byases making sense out of it. Go study some austrian economics before talking about speculation like a bad thing