Proof of Work Energy Consumption
Consuming energy to power an ASIC to mine a block can not be forged. It's impossible to fake. This protects and secures the network fundamentally. This foundation is a first principle. Without it you do not have Bitcoin. Energy consumption enables every other aspect of Bitcoin, without energy consumption you have nothing. Thoughts? Agree? Disagree? Missing something?
IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency. Bitcoin "puts a question mark on the fractional banking model we know today."
Man entered the Federal Bank in Beirut with a shotgun and a canister of petrol and threatened to set himself on fire unless he was allowed to take out his money. A tragedy that can be avoided if he held his keys on Bitcoin standard.