Re: How to debunk the Bitcoin Energy Consumption drama
Bitcoin will consume as much energy as the block reward will allow it to, if it drops to 100$ the consumption will drop 100 times too
This is non-sense. Why would it drop 100 times if it was evaluated with $100?if doge goes to 1 million dogecoin will burn also more energy than this planet could produce.
Due to this phenomenon, I guess that governments will sooner or later find their way to illegalize the use of ASICs, if renewable sources of energy aren't that productive yet. Thus, this formula won't be valid forever. Mining is a greedy game and fortunately, it can be controlled in a way. Do you really believe that Bitcoin will destroy the planet? C'mon.As for this:
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How to debunk the Bitcoin Energy Consumption drama
I always carry this image when someone brings this topic:
