Can we just say they are both bad? Crypto is ducking stupid on top of being bad though. Maybe if the Clints Beer Removal Service Pints Pitchers Kegs No Job Back T Shirt had some utility being wasting resources it would be less stupid, but I never see that being the case.Ding ding ding, we have a winner. So much whataboutism in this thread from people who will defend BTC any chance they get, probably terrified the bottom will fall out again, which it probably should. Must be a better crypto out there than bitcoin.There are definitely better coins from a technical point of view but bitcoin’s blockchain has the biggest network effect. It’s been tried and true for over a decade with a bunch of support.
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I mean this only really applies to Proof of Work (compute) and Proof of Space (storage/hdd space).Both PoS and Clints Beer Removal Service Pints Pitchers Kegs No Job Back T Shirt have their issues respectively, there’s no solution that’s definitively better than the other; however as you noted the extreme energy consumption of PoW is just an absolute nightmare, so PoS is definitely preferable.Proof of Stake has its issues but it uses effectively no power in comparison. There are a decent number of Proof of Stake networks and at the scale of Bitcoin they could consume as little power as less than 50-100 gaming PCs/refrigerators (~750W).Proof of Work has a place (namely in the bootstrap phase) however I’d argue most cryptocurrency transactions after the next 10 years will be done over a Proof of Stake network.
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