You crucially missed the "halving" out of that model.
The block reward halving every 4 years means that in 3 halvings (8-12 years), miners will spend roughly the same on electricity at $1M/BTC as they do now at $125k/BTC.
Further, at historical rates of dollar devaluation, in a decade $1M will only be worth ~$500k today, and so really only roughly two halvings are required to even the electricity use between $125k/BTC and $1M/BTC
Too difficult to audit the total supply, and tail emission.
Bitcoin is anonymous enough while remaining fully auditable (nobody secretly printing it out of thin air) and perfectly scarce.
If you think it's one of the least interesting technologies, then I suggest you don't understand the power of ideal scarcity in a liquid, digital asset
He's a guy who understands the fundamental attributes of money and economic value, and enough technical know-how to have confidence in Bitcoin's design
Financial experts (of whom many don't get bitcoin) understand finance.
The block reward halving every 4 years means that in 3 halvings (8-12 years), miners will spend roughly the same on electricity at $1M/BTC as they do now at $125k/BTC.
Further, at historical rates of dollar devaluation, in a decade $1M will only be worth ~$500k today, and so really only roughly two halvings are required to even the electricity use between $125k/BTC and $1M/BTC
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