OK, then in that context, can we agree that Chrismas lights are also a wasteful/useless use of energy that doesn’t benefit society? Where’s the “Ban the Christmas Lights Foundation”, or people calling to ban them because it’s harmful for the environment? We don’t see them anywhere.
Because
1. Christmas Lights moved to LEDs , which is way less power.
2. Christmas Lights are spread out across multiple power grids.
3. Christmas Lights don't run 24x7.
4. Christmas Lights usually only run for a few hours at night.
5. All of the world's Christmas lights are not in just a few warehouses overloading the electric grids.
So if you want the Bitcoin Bans to stop.
And still want to keep PoW.
1. Improve Asics power usage by a factor of 8.5X.
2. Regulate only 1 Asic per house hold.
3. Only run ASICS at Night , 1 Month Out of the Year.
Then you can compare it to Christmas Lights.
But to be honest , I am totally over the PoW verses PoS debates,
If the Bitcoin Cult refuses to evolve, then the bans will just keep increasing.
Solve the PoW energy waste problem or don't,
because at the end of the day if the devs fail to step up,
the governments will just outright ban it. (Like China Did.)
Energy Waste Problem solved.
Have a Great Day.
I find the criticism hypocritical. Because IF Bitcoin solves, what you say is a “problem”, and switches to POS, would you continue your criticism against other forms of wasteful uses of Elecricity? Or are you doing it because you hate Bitcoin?
Plus, who’s to say that POW is wasteful? It secures the network. The more energy spent, the more secure the network is. China cannot even do anything to attack Bitcoin through POW.
You say the network has no value. Who decides its value? You? I believe the market is saying that you are wrong, ser.