> Obviously energy is used for something other than transactions. Not at all. The efficiency of the network is intentionally degraded such that the rate of Bi

> Obviously energy is used for something other than transactions. Not at all. The efficiency of the network is intentionally degraded such that the rate of Bitcoin transactions remains constant despite the increased energy use. You are assuming that the energy is being spent for some tangible benefit, and drawing conclusions from that assumption. I would say that the energy is being wasted, with the sole result being a receipt showing how much electricity has been thrown away.