5 Reasons why Proof of Work Bitcoin Mining is WORTH the ENERGY

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Friends and associates.

Ethereum's shift to Proof of Stake (PoS) revealed numerous misunderstandings about Proof of Work (PoW), the energy industry and bitcoin mining.

I put together this talk for Crypto Mondays LA

to clear up a number of misunderstandings about bitcoin's energy consumption.

It is critical to push back against the increasing insidious attacks on PoW -

evidence for which was obvious in the recent White House report on crypto mining

. Ethereum and PoS have their place, but they also have their drawbacks. PoW provides greater decentralisation and censorship resistance than PoS, which are critical attributes for a digital decentralised non-state financial infrastructure. We need to guard these characteristics as we pursue our

purpose

,

to live in a world of sound money.

5 Reasons why Proof of Work Bitcoin Mining is worth the Energy

1. Energy consumption estimates are variable and often inaccurate

2. Bitcoin mining is potentially revolutionary for renewable energy and grid stability

3. Freedom from financial tyranny is energy well spent

4. PoS is not a direct substitute for PoW

5. Conservation requires natural constraints, which sound money provides

If you have any comments, queries or suggestions, send them through.

Have a great week!

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