Bitcoin and PoW crypto is priced to the global lowest cost of energy. For instance, it would not be economical mine bitcoin in Los Angeles in the middle of the day in August. Most of the mining happens in remote areas in China where there is abundant cheap energy at off-peak times.
So it's not fair to look at pure energy used by the Bitcoin network as though its some fungible limited supply that we can just move away from Bitcoin production and move to Texas during the winter storm.
Regarding carbon emission, that's a political problem. If you want to create a tax on carbon, you can do that, although I'd prefer carbon capture tech. But in no way should some governing body try to allocate the validity of carbon emissions based on purpose. That would be no different than central planning where some central authority determines how many X should be produced, when and where. It's been tried and failed.
But look at the point of PoW and the purpose of crypto. Its sound money and has value, and an expense to maintain. Whats the alternative? Create a currency with a trusted central bank, and build an army to defend your organization when someone uses your currency to "fund terrorism"? I imagine there's CO2 emissions w/ maintaining an army as well
So it's not fair to look at pure energy used by the Bitcoin network as though its some fungible limited supply that we can just move away from Bitcoin production and move to Texas during the winter storm.
Regarding carbon emission, that's a political problem. If you want to create a tax on carbon, you can do that, although I'd prefer carbon capture tech. But in no way should some governing body try to allocate the validity of carbon emissions based on purpose. That would be no different than central planning where some central authority determines how many X should be produced, when and where. It's been tried and failed.
But look at the point of PoW and the purpose of crypto. Its sound money and has value, and an expense to maintain. Whats the alternative? Create a currency with a trusted central bank, and build an army to defend your organization when someone uses your currency to "fund terrorism"? I imagine there's CO2 emissions w/ maintaining an army as well