Agree POW/POD/POI is the future. However, I personally think the whole "consuming so much energy" is a narrative used to deter cryptocurrency adoption. I'm not saying there isn't an increase in energy consumption, but how often does the govt/commentators take into account the income generated by miners and complementary services/products?
I think with the POW-energy narrative the governt can mobilize more people too be against crypto and make it easier to pass anti-crypto legislation masquerading as controlling energy prices.
I'm sure sometimes that's what's going on. Governments all over the world are really split on crypto right now. Some states are accepting crypto for taxes and fees. Others are trying to stamp it out. Some nations are issuing their own crypto. Others are making it illegal to do just about anything with it. I'm getting a sense that apart from being taxed sky high (tax on every trade?) our government mostly intends to profit from it. But any given municipality/state can in many ways make their own decisions on that.
I'd have to agree. In most cases, the worries about power usage are rather overblown, particularly given the potential of the technology in question.