The Financial Circle is Getting Slapped in the Face by Bitcoin, While We're Getting Slapped by Dogecoin

I saw a Weibo post these past two days that made me quite thoughtful. The content was basically from a big V in the scientific research circle, angrily criticizing Bitcoin on Weibo, saying they couldn't understand what value Bitcoin mining actually has - it neither creates jobs nor creates tangible value, and it's incredibly wasteful of electricity... Then because of mining, graphics cards are now out of stock everywhere, hard drives are also out of stock, making it impossible for them to build machines. It's the same logic as real estate speculators driving up housing prices so that everyone can't afford homes. Then they just went on a tirade against the crypto and mining circles.