Earlier quoted context omitted.
Bitcoin doesn't scale. https://digiconomist.net/bitcoin-energy-consumption Just watch this video: https://www.youtube.com/watch?v=UDKntG4F0hg So in about 5 years pretend everyone in the United States melts a wrench like that... Then a month later they do that twice, a month later they do it three times. Hey, at least it will be fun.
Why does every discussion about Bitcoin's environmental impact reduce to "it uses a lot of electricity therefore it should be stopped". We're not going to shut down entire sectors of the economy because of their environmental impact. People are going to innovate and invest in alternative sources of energy because it is becoming profitable to do so. The solution is hardly ever "just stop doing it", it's "how can we do…
Traditional centralized ledgering systems do everything crypto does better and with a fraction of the energy use. It also gives governments tools to combat inflation/deflation and manage counterparty risks within the system.
Crypto is a neat idea, but in the end it doesn't really solve anything, and instead only introduces a lot of unnecessary problems.