Re:Report on Stablecoins [pdf]
by arcticbull on Tuesday November 02, 2021 @02:28AM
(#29077765)
It merely requires massive amounts of electricity and e-waste vastly disproportional to its benefit and proportional to its price. Don't mince words.
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Proof of stake is just a fork that'll happen whenever there's enough force applied by the power providers.
This excess low cost energy that can't be moved easily to other areas is often the only kind of energy bitcoin can use to win the economics of btc mining. It in fact subsidizes a lot of green energy and makes it more viable in the longer term.