It is pretty clear that Bitcoin as a blockchain is a colossal waste of energy. As BTC custody continues centralizing to a few ETFs, CEXs, institutions, in the long term >50% of BTC will be held by a handful of organisations

Might as well just cancel PoW and move to PoA at that point. It would actually be *more decentralized* as PoW will inevitably centralize over to a handful of industrial players and pools due to crippling economies of scale. Plus, it'll solve the security budget problem. As before, the full nodes will be there as the last line of defence irrespective

The only thing matters for BTC is it remains a speculative store-of-value, doesn't matter the mechanism to achieve that

It is pretty clear that Bitcoin as a blockchain is a colossal waste of energy. As BTC custody continues centralizing to a few ETFs, CEXs, institutions, in the long term >50% of BTC will be held by a handful of organisations

Might as well just cancel PoW and move to PoA at that point. It would actually be *more decentralized* as PoW will inevitably centralize over to a handful of industrial players and pools due to crippling economies of scale. Plus, it'll solve the security budget problem. As before, the full nodes will be there as the last line of defence irrespective

The only thing matters for BTC is it remains a speculative store-of-value, doesn't matter the mechanism to achieve that

https://x.com/i/trending/1885868663116296256

$btc will end up in a similar position to fiat with two major differences.

The inflation rate of $btc is fixed.
$btc is globally mined, ateast until wars start being fought over important actors, cheap natural energy sources and actual mining equipment.