Does the BTC network consume too much energy? It is irrelevant.
I know this topic gets discussed a lot around here by people who try to justify the energy consumption by either:
1 - The many positives from BTC: independent decentralized money, true property of assets, 24/7 uptime, low fees, no middlemen... I'm sure I need not linger on this, as it would be praising water to fish.
2 - The flaws behind the calculations/comparisons: anti-btc folks don't take into account the number of transactions per block; energy is actually used where it's cheaper and the market has the incentives for such; btc doesn't even need all the energy, as difficulty adjusts; gold mining and TradFi are a lot more damaging and don't see nearly the same amount of attacks... I know you can do better than me and bring even more points.
The one argument I'd like to point out as an oversight to a community of people who prize individual liberty is exactly that: individual liberty. Arguing over the energy consumption of the network is already capitulating into letting someone else decide what the individual can or cannot trade (in this case, energy) in the name of the common good.
The two justifications (values and flaws) are not false, but they start from a point that it is morally acceptable to let a committee/government/group of people/mafia/dictatorship of the majority (democracy)/etc ban or limit the purchasing of energy solely for defined activities (by them) and/or for defined people (also by them).
Liberty is not negotiable.
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