Current Bitcoin usage is literally a rounding error of global energy usage (0.1%) and if wildly successful would still be < 1% of energy usage. https://www.lynalden.com/bitcoin-energy/
If Bitcoin moved to PoS it would be fundamentally different. It might work for other coins since they aren't as decentralized.
> Instead, proof-of-stake mainly seems less suitable for a decentralized and censorship-resistant global monetary asset, especially when considered along with the issues that I’ll describe in the second half of this article about stablecoins. Proof-of-stake is inherently equity-like rather than money-like, compared to proof-of-work
If Bitcoin moved to PoS it would be fundamentally different. It might work for other coins since they aren't as decentralized.
> Instead, proof-of-stake mainly seems less suitable for a decentralized and censorship-resistant global monetary asset, especially when considered along with the issues that I’ll describe in the second half of this article about stablecoins. Proof-of-stake is inherently equity-like rather than money-like, compared to proof-of-work
https://www.lynalden.com/proof-of-stake/