[Thinkbiz]

Nice article. It is unfortunately woefully light, if not completely absent of alternatives. Yes, it is a massive waste of energy, but the ability to both prove and simultaneously detract counterfeits is brilliant as far as the creation of a store of value is considered. In the long run, I believe, that the optimization of ASICS + slowly decreasing power in the hands of a much larger set of miners will be the long-term winning factor defining legitimacy for POW algorithms. Until then the one who can burn energy faster and cheaper (a baseline commodity to begin with) will win.

[QAPereo]

Do we have that much of a long run, especially at current projected levels of waste, never mind use?