Proof-of-work, the algorithm backing Bitcoin, is a fundamentally wasteful process by design. Even back in the days of Satoshi, people realized that, if Bitcoin were to become successful, the hashpower directed towards securing the network would be massive. Satoshi anticipated this debate and responded to critics, writing, “ironic if we end up having to choose between economic liberty and conservation.”
5 Things Satoshi Nakamoto Correctly Predicted About Bitcoin
