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The production of Bitcoin right now is like creating billions of vaccines that have a 1 year expiration date, or getting 10 vaccines now when you’re only supposed to have one. You can develop software without doing it so inefficiently that we’re spending a ridiculous amount of energy in the interim. Having more mining now doesn’t make the protocol better for later. I don’t see how the resources going to it now are not ridiculously inefficiently used.
The production of Bitcoin right now is like creating billions of vaccines that have a 1 year expiration date, or getting 10 vaccines now when you’re only supposed to have one. You can develop software without doing it so inefficiently that we’re spending a ridiculous amount of energy in the interim. Having more mining now doesn’t make the protocol better for later. I don’t see how the resources going to it now are not ridiculously inefficiently used.