JPM - Should Nations Try To Ban Bitcoin? X's Community Notes Dispute Article's Claims On Energy Usage | Benzinga
Bitcoin (CRYPTO: BTC) is in a tug-of-war between its core principles and environmental concerns over its greenhouse gas emissions. A Newsscientist article portraying Bitcoin as an energy guzzler is drawing a hostile response from Bitcoin activists and a correction by X's "Community Note" feature.
What Happened: Matthew Sparkes, author of "Should nations try to ban bitcoin because of its environmental impact?" discusses whether countries should ban Bitcoin because of the network's unwillingness to "take action to curb the cryptocurrency’s energy and water use."
The piece, based on research from Alex de Vries, a prominent Bitcoin critic, was dubbed with the following added context by the X Community Notes feature: "The claim that Bitcoin strains water and energy ...