Yeah but forget about the price, I do not really care if an altcoin is low in value, as it was BTC when it was born, if a tool fixes a problem it will get its evaluation correctly eventually. The main problem is that even if we use green energy every 6months/1 year a new ASIC miner comes out, way more efficient. What about the life cycle assessment of the old ones? It's not just about electricity. The amount of trash that gets produced is unimaginable
The gaming industry requires way more GPUs than Bitcoin technology. Companies with big infrastructures require frequent upgrades and updates in their machinery. I have never seen people talking about the trash being produced for all those things, but people start questioning Bitcoin and its technology as soon as they come to know it is mined using GPUs. The world was producing too much trash even before Bitcoin was created. So let's not consider that being a huge issue for human existence.
and at the current state the main usage of BTC for normal people is to buy and hold or to speculate, not the "electronic cash" meant in the white paper.
That doesn't matter. If you know its use cases and how it can benefit you, you can use it that way. Let people use it the way they want.
Is there a way to trace wallets with a huge amount of BTC that can pose a threat to the system? Have those information ever been evaluated?
Here:
Top 100 richest Bitcoin addresses