Should nations try to ban bitcoin because of its environmental impact?

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Skull of Satoshi, a sculpture by Benjamin Von Wong highlighting the environmental impact of bitcoin

VonWong/Skull Of Satoshi/Greenpeace

The amount of electricity used to mine and trade bitcoin climbed to 121 terawatt-hours in 2023, 27 per cent more than the previous year. While other cryptocurrencies in the same position have made bold changes to cut their impact, bitcoin’s decentralised community of developers, miners and investors are showing little interest in changing course. If bitcoin cannot clean up its own house, should governments step in to shut it down?

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