It's the scale of the wastefulness of bitcoin that matters. If a car burnt through a months worth of electricity for your home just so you could drive to the s

It's the scale of the wastefulness of bitcoin that matters. If a car burnt through a months worth of electricity for your home just so you could drive to the shops to get groceries and come back, then that would quickly be banned. Bitcoin and other currencies have a lot of money being pumped into the system by people who refuse to account for the wastefulness that is crypto and instead, want to drive up their investment. There's no replacement of traditional digital payments by cryptocurrencies. Going back to the article, I'm glad China priorities it's people (funny to say that given the Xinjiang situation) over the profits of big corporations.