Re: Will countries ban Bitcoin mining due to environmental concerns?
If the countries worldwide did not ban or cannot ban tree cutting to print fiat due the supposed climate change policy, I see no reason why bitcoin mining should be ban. Their argument about the effect of mining on the environment is just as the same as that of tree-cutting. However, I do believe that using solar and wind power would make bitcoin mining more environmentally beneficial. The issue is that many bitcoin miners are looking for locations with low electricity cost to mine the cryptocurrency, which is why the government is pushing to ban it.
It's all a matter of what's most convenient for the government. Bitcoin is decentralized, which means it's outside the scope of any government and/or central bank worldwide. You think governments will go easy on Bitcoin when it gives people true financial freedom? We should expect further scrutiny from such entities until they "destroy" Bitcoin for good. I know they won't succeed, but at least they will make an impact over its usage in the long run.
The mining ban is nothing compared to what's going to happen in the future the more popular Bitcoin becomes worldwide. I doubt Bitcoin will change to PoS, since that would mean sacrificing its decentralization and censorship-resistance. Who knows what will happen next? Just my thoughts
