As a Bitcoin proponent who is also concerned about it's long term sustainability, this post is an embarrassing read.
The author clearly has a very poor understanding of what value Bitcoin currently has in our current macro-economic situation, and why investors (and corporations) are choosing to allocate larger parts of their portfolios in cryptocurrencies.
Calling out the BTC network on its energetic inefficiency completely misses the point that the work put into the network is exactly the scarce digital asset, and hence the store of value.
The author clearly has a very poor understanding of what value Bitcoin currently has in our current macro-economic situation, and why investors (and corporations) are choosing to allocate larger parts of their portfolios in cryptocurrencies.
Calling out the BTC network on its energetic inefficiency completely misses the point that the work put into the network is exactly the scarce digital asset, and hence the store of value.