PoW is the optimal strategy for searching physics for the most effective means of transforming energy to electricity. There’s zero waste in this search — it di

PoW is the optimal strategy for searching physics for the most effective means of transforming energy to electricity. There’s zero waste in this search — it directly converts electricity into money driving pure demand for more electricity which motivates the search for more efficient generation. It’s more efficient than Aluminum production in this regard— the economy can only absorb a certain amount of Aluminum. A carbon tax would effectively and immediately steer this search away from using fossil fuels for generation. People who clutch their pearls over PoW are unwitting Malthusians lacking an appreciation for E=mc^2.