It's a false equivalence (energy consumption, therefore bad). What if Bitcoin is solving a true market need (that is, preserving wealth in a truly decentralized way)? Would that make it worth the energy consumption?
You only need to look at what the current monetary system is based on -- the petro-dollar. Backed by the might of the US military, consuming crazy amounts of energy. What if Bitcoin eliminates the need for this?
You only need to look at what the current monetary system is based on -- the petro-dollar. Backed by the might of the US military, consuming crazy amounts of energy. What if Bitcoin eliminates the need for this?