At first, the headline elicited a "what?"
Then I read this:
"Swedish regulators believe cryptocurrency mining will prevent the country and the EU from complying with the Paris agreement on climate change
And again "come on"
But then it turned out that officials called for a ban in the European Union for mining cryptocurrencies using the Proof-of-Work algorithm.
In general, okay, Ethereum developers are already planning to abandon PoW in favour of the Proof-of-Stake algorithm, what will happen with other coins, will they also switch to a new algorithm or will they blow off these news?
Before getting to the PoW coins, did the Swedish government also check the amount of energy the bank system uses daily? The amount of paper accumulate every year? And what about gold extraction? As usual they're looking to someone or something to blame, and cryptocurrencies are always on the top of the list Then I read this:
"Swedish regulators believe cryptocurrency mining will prevent the country and the EU from complying with the Paris agreement on climate change
And again "come on"
But then it turned out that officials called for a ban in the European Union for mining cryptocurrencies using the Proof-of-Work algorithm.
In general, okay, Ethereum developers are already planning to abandon PoW in favour of the Proof-of-Stake algorithm, what will happen with other coins, will they also switch to a new algorithm or will they blow off these news?
