Critique in minting/mining and production cost do warrant heavy scrutiny for any trading medium without concrete value to back it up.<p>Bitcoin is created by running a piece of software.<p>Satoshi wrote the rules so that the majority of the supply of BTC was minted to the himself and a few other users for the least amount of energy/value input to the network. In summary, the largest percentage of the supply was produced for the least amount of effort to the smallest group of users from the start.<p>And now miners are wasting an absurd amount of electricity in what amounts to a lottery for a paltry sum of credits in a database. All of which can be produced for much less.<p>It would be nice to see a minting algorithm that wasn't so easily co-opted by greedy early adopters simply hording the supply, along with resisting such a wasteful minting/production method.