It creates incentive to produce cheap energy, and some estimates peg Bitcoin as operating on more than 70% renewables.
It also takes power away from governments to continually apply hidden taxes that disproportionately affect the poor: inflation.
At the end of the day, yes, BTC is powered by decentralized energy production, but that feels a lot better than the credit/debit+fiat system, powered by centrally controllef violence.
The current system is a low bar to upgrade. Come up with a better proof of work than energy. Maybe Chia works. Until then BTC is the best thing we have for the problems it solves.
It also takes power away from governments to continually apply hidden taxes that disproportionately affect the poor: inflation.
At the end of the day, yes, BTC is powered by decentralized energy production, but that feels a lot better than the credit/debit+fiat system, powered by centrally controllef violence.
The current system is a low bar to upgrade. Come up with a better proof of work than energy. Maybe Chia works. Until then BTC is the best thing we have for the problems it solves.