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.
I explained the evidence very clearly in my last answer. You're clearly not acting in good faith. You try and help people on here and this is what you get every time. GFY.
Fiat currencies are collapsing in value. It's a fact.
Price fiat in any hard asset like gold, real estate, bitcoin etc and it's obvious to see. The devaluation can be seen to be almost directly linked to the increase in the supply which approximately doubles each decade (no coincidence that real estate prices do the same).
There is something very special about gold. It has the best monetary qualities of any physical substance. It is only bettered by bitcoin which essentially dematerialises gold - stripping away it's physical attributes that hinder it (portability, scarcity, verifiability, divisibility etc).
How are you measuring the value of gold? How are you sure it's not the value of the quote asset that fluctuating wildly. If everything was priced in gold do you really think that the prices of everything would fluctuate wildly? For what reason? The only reason for any sudden changes in value of gold are due to demand, which is caused as people move their wealth out of fiat currencies which are collapsing in value.
Evidence that just because you learnt about bitcoin early, it doesn't mean you understand how it fits into the world. It seems some people simply aren't cut out to understand it. Bitcoin appears to them as some weird Ponzi scheme that just strangely never stops.
Not at all. It naturally stabilises the closer it gets to its ultimate market cap. The more it stabilises the more it will be used as a medium of exchange.
Fiat currency: Why would I hold a currency that another nation sucks the value out of by printing it? Even the dollar has half its value stolen every decade.
Gold stock above ground doubles every 40ish years, halving it's value each time. Think how difficult it is to safely move and assay billions of dollars worth.
The reason nations aren't publicly using bitcoin as a reserve is that it's still only the year 2025