> Energy isn't fungible and it isn't wasted if it's securing hundreds of billions of value for hundreds of millions of people.

Sadly, this echoes the kind of defective reasoning I have observed with a majority of “crypto” proponents.

Also, without a proper source for a claim, I can just as well state that research has shown that less than 1% of cryptocurrency proponents are aware enough to realize the hole they’ve dug themselves in.