See: Nvidia ship shortage, Bitcoin CO2 emissions, tons of ASICS destruction because miners are literally stealing electricity, ....
It's the same reason why psychoactive drugs are forbidden: no one forces you to use them, but everyone has to deal with the negative consequences of their usage. I don't think we should put drug users in prison, but I d'ont want to see a meth store at every street corner either.
I guess we need a government to regulate all these things, the same way they did with the victorious war on drugs.
At least you don't have a meth store at every street corner, right, what a win
Bitcoins co2 will get better, its also less than the energy used in trafitional finance (buildings, employee's, security, mining, etc). If anything crypro mining is encouraging green energy and able to locate itself to use otherwise wasted energy.
The war on drugs is one of the most useless and innefective policies EVER. It was created on racist terms to combat hippies and black activists, to protect monopolies (tabacco, big pharma) and it has led to the largest non violent prison state in history and made criminal cartels immensely wealthy. Not to mention the billions wasted and the millions dead. Look at Portugal, making drugs legal is the way forward.
Prohibition doesnt work. If you are afraid of cheats, gambling and pollution.. look no further than the big banks caught over and over laundering money for cartels and arms dealers the world over and to the largest polluter peotecting them, the military.
I would expect a court to find that PoS is close enough to PoW as Congress intends this legislation, without digressing into the various types of PoS. While poorly written, it is likely that pure network operations will be ok long term.
