by Charlene Brown
What is Bitcoin?
By increasing the hashing difficulty ad infinitum Bitcoin ensures energy used to sustain its blockchain network remains high, regardless of how FAST super computers become.
Bitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy.
This high physical proof of work energy consumption cost for generating new Bitcoin blocks and verifying its ledger is a core feature of the bitcoin protocol.
This is basically the intrinsic validation and value of bitcoin. Hence Bitcoin is energy and the the store of energy. Bitcoin doesn’t consume energy it captures the power and stores the value of the energy, creating a physically expensive decentralized network of verifiable read-write ledger. That is the primary mechanism of Bitcoin's decentralization.