Specifically, more security for the next block, only. Once that block is mined, the process starts all over again for the next block.
The energy usage reset button is pressed as soon as each block is mined. No energy is "stored".
Sounds like a catch phrase from an "alternative" news site or a thing a member of a religious cult would say.
But, for those without power due to a blackout, you can’t simply spend money and instantly turn the lights back on. You can either have already spent money to have backup power, or you have a problem. It’s like breathing, if your drowning spending money to be able to breath in 2 hours is useless you need air now.
Which is why electric grid operators need infrastructure not money to avoid causing blackouts.
and is the tree I am cutting a battery too?
wouldn't it be easier (and more sustainable) then to plant trees than mine bitcoins?
Because I can buy fiat currency with BTC, BTC is a fiat currency!
In that sense, Bill Gatess "Reinvented Toilet" does kinda the same. People pee and poop, sewage is processed and is converted to clean water and can produce energy [0]. Thus PaaB(!?)
[0]: https://www.elitereaders.com/waterless-toilet-system-generat...
I find it strange that even people at a prominent firm like Union Square Ventures are perpetuating such misconceptions.
Remember, their goal is to make money. As we’ve seen over and over again, there’s a strong financial interest in doing whatever is needed to make their holdings profitable and most will say anything short of legally actionable misrepresentations.