[aacid]

When reports like this come up the counterargument is always FIAT bad tha is why we need bitcoin.

But why compare bitcoin to fiat and not to other cryptocurrencies? There are many that don't need such enormous amounts of energy to work. Why not use them in stead of bitcoin?

[sMarsIntruder]

Because the other cryptocurrencies are actually shitcoins and scams.

I know that this statement is bold and makes people angry especially in the first world, but using the financial system as reference there are many reports out there of funds explaining why Bitcoin is the only “crypto” that will outlive, and that Proof Of Stake is basically and oligarchy scam system. So using a slang, this is not anymore a “trust me bro” argumentation.

[injeolmi_love]

Bitcoin is more centralized than some proof of stake chains. Just 3-5 pools control almost all of the hashrate. Many popular proof of stake chains have 20-50 validators, and some have thousands. Proof of stake is proven to be more decentralized than Bitcoin - except in cases like Ethereum which are similarly centralized.