I mean, we know, proof of work works very reliable and we are afraid of testing out something different that might endanger the network. But in the end, we use an enormous amount of energy, which no one ever thought was possible.
We have so many brilliant minds in our community. I think we must invent something better that works as reliable as proof of work and is fair (not like proof of stake, where the rich get richer).
Maybe, we can use some hybrid models in the transition phase to not totally loose control when one system fails.
What are the current plans for the future of Bitcoin in terms of energy consumption?
Unfortunately, this is nowadays a very strong counter argument against Bitcoin, which sadly blanks out all the other important properties in nearly every Bitcoin discussion.
Let’s work on a solution together.