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MSM keeps talking about 'energy use per transaction' in Bitcoin as if the purpose of PoW was to facilitate transactions only.

Bitcoin's PoW is the most secure digital *vault* on the planet.

Bitcoin's PoW is the most secure against inflation & counterfeiting on the planet.

Compare this to fiat server racks in a world that is increasingly digital and distrustful of each other - the energy expenditure in Bitcoin is a market *demand* to protect wealth against theft from *anyone*

@crypt_chameleon in fact PoW has nothing to do with transaction facilitation; they are completely orthogonal. If the difficulty and hashrate would magically drop to 2010 levels it wouldn't change tx throughput at all. And vice versa, empty blocks cost the same amount of PoW to produce.

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