The only alternative to expending resources on money issuance is a centralized trust. The consequences of trusting governments to manage the supply have been disastrous - ranging from bureaucratic waste to horrible wars. Crypto mining compared to that is a beneficial tradeoff.
Instead of building expensive, unreliable and slow blockchain solutions with no added value as long as those blockchains are permissioned, loyalty programs would be better off using much more simple centralized solutions and using existing, well-known cryptocurrencies for gamification and settlement. But that would mean a bunch of expensive consultants would not get paid as much.
Progressive politicians think legislation is a magic wand, which makes laws of economics and the nature of humans disappear. Instead, they introduce a whole lot of unintended consequences and suffering for those well below their supposedly omniscient radar.
Stablecoins, equity tokens and smart contracts on Bitcoin and Bitcoin Cash will enable well-funded distributed organizations building censorship resistant and permissionless marketplaces.
This article was originally published at e27
In both movable and real estate assets, blockchain can potentially help with providing trustless, immutable ledger. However, the real challenge is elsewhere. With movable assets, it is in recording changes of the assets' states within complex operations of large organizations and groups. In real estate, it is in enforcing the ownership and a necessity for the governments to cease monopoly over law enforcement.