The laws of thermodynamics do apply, which is why this sentence:
> This physically results in the mine being able to transmit energy wirelessly across vast distances.
...is complete bunk. No energy is transmitted when you mine and then transact in Bitcoin: you've used the energy to produce a proof of work, one that others arbitrarily value and exchange for different energy.
Restructured: it should be clear that no trust scheme can magically transfer energy; it can only transfer tokens than can be exchanged for energy. In other words, any trust scheme that has extraordinary power requirements is strictly worse than one that only consumes energy once (i.e., when ultimately purchased).
> This physically results in the mine being able to transmit energy wirelessly across vast distances.
...is complete bunk. No energy is transmitted when you mine and then transact in Bitcoin: you've used the energy to produce a proof of work, one that others arbitrarily value and exchange for different energy.
Restructured: it should be clear that no trust scheme can magically transfer energy; it can only transfer tokens than can be exchanged for energy. In other words, any trust scheme that has extraordinary power requirements is strictly worse than one that only consumes energy once (i.e., when ultimately purchased).