3.45% of the global total in 2029 isn't the utter disaster I envisioned the power consumption of Bitcoin to be before looking at the numbers more closely. But it's pretty bad. I don't think, however, that Bitcoin will be anywhere near the first coins to adopt PoS. But you have an important point to make regarding PoS becoming more feasible when a large share of the total of the coins ever to be issued have already been issued.
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