Will bitcoin scalability reduce the rate of energy consumption in the future to have an edge of parliament decisions in such a direction just like Bitcoin's anti-inflation mechanism
The headline is being milked by the media for views and clicks, and the idea of bitcoin contributing to climate change and the energy consumption being detrimental is something that has for a long time been blown out of proportion a lot and does not reflect the reality.
There is no extensive damage caused by bitcoins usage and consequently there is no issue that needs to be fixed.
Certainly, there are some people who are so consumed with their supposedly green agenda that they took a big ride with the popularity of Bitcoin just to stay relevant and so they can offer something - just like a cause - to their followers and minions. While we should admit that maybe in the past years, there had been some issues - though not as big as these people would like us to believe - that must be ironed out, things are getting to be different these days as a growing percentage of Bitcoin mining are now into renewable energy. The idea that just because an industry is consuming a big load of power must be detrimental to the environment does not hold a lot of water at all because so many other industries are having the same thing so why put the limelight on Bitcoin alone? There is a big problem not with Bitcoin but the mindset of the fake green agenda. I am hoping then that EU will not be that stupid to ban POW which is what Bitcoin is based on.
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