Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Why exactly is Bitcoin clinging to PoW?
by
NotATether
on 18/05/2021, 11:58:09 UTC
⭐ Merited by 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?

You have a very important point. Since large-scale profitable mining can only be done in certain regions, banning miners from them could kill their business and cause a (another) short-term dip.

Unfortunately most of us have a very tiny voice compared to all the pollution naysayers, the few people that do have the power to influence opinion (microstrategy CEO for example) are being outnumbered in debates.