Efficient or secure. Take your pick.

I"ll hire a few guys with guns, plus auditors. Their ability to maintain no sense of humor beats out your wonky crypto scheme in both regards. Your issue is you don't like the rules that come with the auditors. Those rules have a purpose, and that purpose is tied with sovereign diplomatic interrelation of civic bodies the world over.

Many of whom are expressing great concern over the very thing PoW hastens.

So no, it isn't either or. It's stop jeopardizing the planet in the long term so you can do whatever you're doing now. I don't care that you're doing it, and we can talk civily about the warts of the financial system so it can be tuned to meet your use case better and cone to a compromise; but PoW has the worst set of dysfunctional societal incentives I've seen in my life.

>I"ll hire a few guys with guns

A few guys with guns can be beaten by several other guys with guns.

>plus auditors

https://www.wsj.com/articles/wirecard-scandal-puts-spotlight...

How's that Tether transparency report looking :) ahh, here it is. [1]

[1] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen...