Of participating and profiting off a pointless destruction of the environment via an endless competition to waste as much electricity as possible.
So like, all of everything we do in modern society.
No. There are no similarities between bitcoin and "everything else". We can have decentralized money without the need of a county's energy consumption.
No, everything else competes to be more efficient. PoW is one thing broken by design that can never be optimized.
Even if your civilisation had a Dyson Sphere, there would be a race to waste 51% of it on PoW.
Just like AMD, Nvidia and by extension TSMC and ASML?
...yes
This is about chips for Bitcoin mining, not video games.
Of unable to complete with ASIC chips designed by Chinese companies.