yunvme

To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US military to ensure the US government stays in power and the US currency retains its value? Surely orders of magnitude more energy than what is used for Bitcoin.

The number of transactions that are completed on the base layer is not the relevant metric. As the technology matures and as Bitcoin is more fully monetized, transactions will happen on higher layers. The "high" energy cost is necessary to secure the decentralized system.

This is a dumb comparison. Bitcoin's energy consumption is necessary to secure a decentralized digital store of value. There is no alternative. It is electricity well spent.

Accordingly, you're using the wrong framework. Bitcoin's energy consumption prevents double spending, which is necessary for securing such a system. It isn't energy used to compute a transaction.

And you need to bootstrap your PoS system by enriching a bunch of insiders so that they can validate your transactions. PoS systems are unfit for being the decentralized digital store of value. Bitcoin has the most fair launch any cryptocurrency can ever have. There is no alternative for Bitcoin's use case.

This isn't true. You don't understand Bitcoin. Proof of work is the only way to secure a decentralized system like Bitcoin's. Proof of stake requires trust in a group of validators. An oligopoly of sorts. A proof of stake system is unfit for a decentralized store of value. Alternatives to Bitcoin enriched a central group of people. Bitcoin's distribution was "fair". There is no replicating it.

Picture bitcoin in its final state, where central banks trade in and out of Bitcoin to weaken or strengthen their respective currencies. Bitcoin is the only solution, and other cryptocurrency is fit for the task.

You don't understand Bitcoin. It is a system to remove human greed from the equation. However, currently we are in the monetization stage. People will get rich. Greed will prevail and it jump starts the system.

The beauty of Bitcoin is that no human can increase supply to address short-term interests, like central banks can. The energy is not wasted. To the contrary, it is used to ensure that the supply is distributed in the prescribed manner and that it is capped. There is no other way of creating a decentralized system that has this feature.