> The old process (proof of work) was environmentally a disaster (it still is for the Bitcoin ecosystem)
There's no problem with spending the energy if it actually buys us something. It's a disaster because it failed to actually decentralize the network.
Instead of everyone with a computer being able to participate, we have very few people buying up all the hardware for their massive centralized mining operations. If that's how it's going to be, then we might as well move on to proof of stake.
Monero seems to have a better designed proof of work system. It's ASIC and GPU resistant, normal people manage to use their computers to mine XMR. One CPU one vote, that was the whole point since the beginning.
There's no problem with spending the energy if it actually buys us something. It's a disaster because it failed to actually decentralize the network.
Instead of everyone with a computer being able to participate, we have very few people buying up all the hardware for their massive centralized mining operations. If that's how it's going to be, then we might as well move on to proof of stake.
Monero seems to have a better designed proof of work system. It's ASIC and GPU resistant, normal people manage to use their computers to mine XMR. One CPU one vote, that was the whole point since the beginning.