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Also, Bitcoin is so true, that it needs no shield. A truth doesn't need a shield.
The purpose of all the energy burned for mining is to create a shield, in Saylor's terms, a wall of energy.
Yes, and that's the shield we already have, why do we require another one? That too of pretenders?
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To protect us from attacks coming at a different angle, of course. No amount of energy burned would save us from vulnerabilities in the code. Your room likely has 4 walls instead of 1 for similar reasons.
That too of pretenders?
You can call security research with a bad word but that doesn't change our need for security.
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I agree we need security but not with the 'Red team'. We must avoid the pretenders.