It burns the energy as a proof, its not just doing it because its badly designed.
The reason most money goes into bitcoin is probably, that people consider it safer than proof of stake.
The reason most money goes into bitcoin is probably, that people consider it safer than proof of stake.
How proof of stakes is fire proof is harder to understand, and the information I found did not 100% convince me (not an expert in cryptography so doesnt mean much)
I never put money into crypto btw. Its just gambling right now imo.