[calchris42]

Exactly this.

Bitcoin as it stands is the definition of inefficient. Consuming vast amounts of energy for no purpose. Yes, there are ever-changing explanatiins for Bitcoin's usefulness. But there is no fundamental reason why massive energy consumption is required to store digital value, or to make a transaction across borders.

As it stands, Bitcoin is actively bad for the world. We need more energy efficiency, not get rich schemes combined with electric heating for empty warehouses.

There are likely good uses that will come from crypto tech, but this doesn't seem to be it. (And I'm not knowledgeable enough to guess what they will be)