Case in point: we currently waste orders of magnitude more electricity every day in the U.S., than the entire Bitcoin network is using to secure and operate its network. Criticisms of bitcoin’s energy usage come off disingenuous when we have bigger fish to fry: phys.org/news/2011-04...
Give this a listen Doc, you’ll be glad you did. (Energy use) open.spotify.com/episode/4yi7...
That's called entropy. That's not "wasted energy." That's how energy works. Energy itself is fundamentally conserved. Only a portion of energy flux can be utilized. We are already exceptionally efficient with most forms of it. Saying, "Look how much more this os than bitcoin," is very ignorant.
Okay, I’m getting a better sense of your notion of ‘waste’ If the energy spent on the Bitcoin network performs a vital security function, it’s not waste, right? It’s just the specific energy cost. I think you expect that cost to trend to infinity as bitcoin scales; I think it self-regulates.
Part of scaling is 2nd-layer applications that reduce the need to transact frequently on the base layer, which reduces energy demand on the network. And ultimately the energy cost is worthwhile - Bitcoin’s energy appetite ends up incentivizing buildout of cheap energy sources (read:renewables).