[CryptoNoNo]

There is real criticism about crypto.

The massive CO2 production is real. There is a company in NYC who restarted a gas power plant for crypto...

[neglesaks]

The same criticisms can be leveraged at the major fiat currencies; the US dollar hegemony is basically built around an assumed easy access to hydrocarbon energy (ref the long-term US partnership with Saudi Arabia), and has apparently dictated the US foreign policy on multiple occasions, fx. Operation Desert Shield-Desert Storm to protect Saudi Arabia in 1990 and later liberate Kuwait after Saddam torched the Kuwaiti oil fields.

Putting the worlds biggest military into operation a quarter of a globe away isn't exactly energy or GHG-cheap.

[CryptoNoNo]

It's not.

Our current fiat system is a highly tuned PoS system with a ton of mechanism in place like you said.

Us military, printing technology, money laundering, international agreements etc.

Bitcoin and crypto is not solving any of those things in real life for real people.

Bitcoin already fails hard at simple but critical tasks like getting your money back when you loose your key.

And as soon as you want to exchange anything in the real world you need the real world PoS system anyway like contracts or a law system.