Bitcoin is not the only project using POW so far, but the only thing the government is targeting is bitcoin, it shows that they know they can't control it, and they don't want to see it grow to threaten their power, not because POW is a waste of energy and a major cause of global warming.
Indeed, we cannot know the future of bitcoin if the government really wants to get rid of POW completely to secure their power, but let's hope it can last and will not be changed.
Indeed, we cannot know the future of bitcoin if the government really wants to get rid of POW completely to secure their power, but let's hope it can last and will not be changed.
Of course. But I believe Bitcoin will eventually become the only PoW cryptocurrency, as altcoins face heavy pressure from mainstream governments. The vast majority of them switched to PoS, so I wouldn't be surprised if PoW chains like Litecoin and Dogecoin do the same sometime in the future.
The goal of the government is not to make crypto "carbon-neutral", but rather centralize it for their own benefit. Switching to PoS will give the power back to the government. I'm sure BTC devs won't let that happen, for the sake of the network's decentralization and censorship-resistance. The future is widely unpredictable, so we can only hope for the best. Just my opinion
