the argument isn't so much as "where" the energy comes from, its that fact that it uses a great deal for computations.
Considering this is still an evolving market and seems that POW has the advantage of being more secure, what happens when exchanges start offering insured accounts up to x amount just like a bank. I believe Coinbase already has some type of account guaranty against unauthorized use. Its interesting of the 10 plus accounts I had the last five years with 50 plus different crypto's I never had an unauthorized transaction. However my Visa card has been compromised no less than five times
Just thinking of the future and how things evolve, I was told BTC could never go to POS which I thought was the way.
Considering this is still an evolving market and seems that POW has the advantage of being more secure, what happens when exchanges start offering insured accounts up to x amount just like a bank. I believe Coinbase already has some type of account guaranty against unauthorized use. Its interesting of the 10 plus accounts I had the last five years with 50 plus different crypto's I never had an unauthorized transaction. However my Visa card has been compromised no less than five times
Just thinking of the future and how things evolve, I was told BTC could never go to POS which I thought was the way.
I don't get what the big deal is. Banks and other institutions use far more energy than Bitcoin itself. It's all an attempt to spread FUD in order to lure people away from Bitcoin. As long as the Blockchain remains decentralized, nothing else matters. At least, the energy consumed helps secure the Bitcoin network against external attacks.
PoS consumes less energy, but it's not as secure and reliable as PoW is. I guess that's why Bitcoin hasn't switched its consensus algorithm yet. It's a good thing because this keeps away centralized exchanges from getting control over the entire network. If you remember what happened with the Steem/Justin Sun dilemma, you'll see what I'm talking about. I see a future where most altcoins switch to PoS while Bitcoin remains with PoW for security, reliability, and censorship-resistance. Just my thoughts
