Regarding the environment issue, yeah I totally agree, there are more energy efficient ways of validating blocks and transations, but they have their own issues from what I've read, I have not researched that aspect much though...
You have the US and the EU (and China?) ban Bitcoin and other proof of work/proof of resources waste shit, on the ground that there are incompatible with our current and major Energy-Climate crisis.
Then one of two things will happen.
If there are energy efficient Blockchains around there, that will boost them into relevance real fast. Engineering skills and investment money will flow towards them.
If there are none, well then the whole Blockchain sector is crap and deserves to be banned.
Yup, I'm with you!
Regarding the environment issue, yeah I totally agree, there are more energy efficient ways of validating blocks and transations, but they have their own issues from what I've read, I have not researched that aspect much though...
Simple solution is regulation.
You have the US and the EU (and China?) ban Bitcoin and other proof of work/proof of resources waste shit, on the ground that there are incompatible with our current and major Energy-Climate crisis.
Then one of two things will happen.
If there are energy efficient Blockchains around there, that will boost them into relevance real fast. Engineering skills and investment money will flow towards them.
If there are none, well then the whole Blockchain sector is crap and deserves to be banned.
Harsh but true ;)