> the inventors did think about that and realized that mining can be done pretty much anywhere, using renewable resources
So where exactly did you read that in the Bitcoin whitepaper? Because everything else is just guessing.
So where exactly did you read that in the Bitcoin whitepaper? Because everything else is just guessing.
"Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange.
I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste."
I think we're long past this point and we have better alternatives to PoW now.