a very constructive article to read. Your understanding of the blockchain technology is pretty amazing. Matagal ko na ring naiisip yan, the power consumption necessary to mine those cryptos. Hopefully, the technology itself will evolve over time to at least lessen the environmental effects of digital mining.
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Thank you for your comments Ate. The is this one doctor who wrote about the scalability of human and taking bitcoin as an example. I forgot his full name but his first name is Dr. Nick something. He argues that the expensive way how bitcoin establishes consensus was deliberate in design but still a lot less than what it seeks to replace. The expensive and inefficient legacy systems of banks and other traditional financial institutions.