Not only that. Considering the technology behind it, no one can really erase the informations necessary. It also gave people jobs namely mining. Blockchain is not blockchain if no one is mining. though the cost to operate nowadays outweigh the profit. But think about why did he create this? Might be another useful scam for people to fall into or could really be a saving grace for the people of the world. Nobody knows.
I don't agree with you when you claim that mining is no longer profitable. For the large-scale miners, it is still very much profitable. And talking about the small scale mining firms, they are being pushed out of the competition by the large players, and that is why a section of the Bitcoin users forked out Bitcoin Gold as a separate crypto-currency. As far as I know, most of the mining cabals are operating at a profit right now, especially after the recent price rise (this is applicable for all the major cryptos, including BTC, BCH, BSV, BTG and even BCD).
