Better late than never, I suppose.
This singles out a single industry. Why not data centers in general or also add in AI?
I wouldn’t consider cryptocurrency an industry. At best, it’s unregulated stocks whose value is backed by speculation. At worst, it’s a waste of resources and a low-risk way for malware authors to profit off of victims.
Don’t get me wrong, though. AI is also deserving of the same treatment.
Note that the second-largest cryptocurrency, Ethereum, no longer uses proof-of-work to validate its chain. So any regulations or data on electricity usage will be basically irrelevant to it.
Would you consider finance to be an industry? Because crypto is the same thing without the legalized grift.
For years crypto investors were warned that it was the wild west, and after everything that’s now happened do people still actually believe this?
We all know the answer - too damn much.
