Bitcoin cannot be secured by public-key cryptography

Bloomberg columnist Noah Smith wrote an article[1]Bloomberg paywall link. about Bitcoin’s energy consumption. “Blogger” Nic Carter wrote a rebuttal to it. Noah Smith wrote a rebuttal to this rebuttal. Noah’s counter-rebuttal calls for its own rebuttal. Eventually, we will see why the following tweet from Nic follows quite naturally. “Proof-of-stake is just a fancy name […]