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This seems to be the latest meme for why bitcoin can't work. The reality is that bitcoin uses as much power as it does because it is sought after at the curren
by Frogolocalypse 9y ago
This seems to be the latest meme for why bitcoin can't work. The reality is that bitcoin uses as much power as it does because it is sought after at the current energy cost. If it is important to you, increase the energy cost. Bitcoin already has a fee market, and incentivized miners. If it is no longer economically feasible to mine at the current price because of energy prices, miners will cease mining until it is economically feasible again.
Bitcoin isn't to blame for cheap energy. If it is too cheap, take it up with the people selling it at that price.