Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Re: Why exactly is Bitcoin clinging to PoW?
by
TangentC
on 18/05/2021, 03:48:44 UTC
⭐ Merited by NotATether (1) ,ETFbitcoin (1)
Here is a question,

what is the PoW supporters plan to stop cities and countries from banning bitcoin PoW mining,
due to their concerns over bitcoin energy usage and carbon footprint?

Because I hear bitcoiners don't won't to switch, OK don't ,
but how are you going to solve the above issues if you don't.
Ignoring it or blaming other industries will make little difference to the Politicians that are banning mining.

https://www.cnbc.com/2021/03/02/china-bitcoin-mining-hub-to-shut-down-cryptocurrency-projects.html
https://cointelegraph.com/news/new-york-bill-proposes-to-ban-crypto-mining-for-3-years-over-carbon-concerns
https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html