I see lots of spam videos, pictures and texts that flood insta, Youtube etc. to monetize on ad revenue or simply scam people.
I think cryptocurrency aren’t any better if you compare legit uses vs criminal ones.
> Should we not consume energy at all?
No need for a strawman. Prevention of wasteful use doesn’t mean no use at all.
You are advocating for more fucking cryptocurrency.
You don't get to ignore any response as "a tired old debate devoid of facts".
It's fine to point out the energy waste of more traditional PoW chains (particularly Bitcoin, which accounts for the bulk of PoW), but to frame that as a problem with blockchains in general is misguided.
Bitcoin is still the biggest player in the cryptocurrency world, so still a lot of wasted energy.
If Bitcoin fails then it seems to me the bottom will fall out of all of crypto So all of it still depends on PoW propping up BTC.
Or do you mean in the sense that (some argue) the most fair way to do an initial token distribution is PoW with no premine?