> Bitcoin is completely dependent on the availability of lots of power (for proof-of-work calculations)
No, it's not. If miners' hash power reduces, Bitcoin dynamically adjusts. At worst, there will be a slowdown in block production if mining power precipitously drops until the adjustment takes place.
No, it's not. If miners' hash power reduces, Bitcoin dynamically adjusts. At worst, there will be a slowdown in block production if mining power precipitously drops until the adjustment takes place.