Increasing attention and headlines about energy consumption required to support the explosive uptake of trading cryptocurrencies represents a significant threat to the future of cryptocurrencies.
Governments and regulators uncomfortable with the idea of [unchecked energy consumption](https://cbeci.org/cbeci/comparisons) may see this as an avenue to introduce regulation, and make a political show of ensuring energy consumption is under control, in order to meet international obligations related to climate change (i.e. Paris agreement). As an industry and community, we need to have an honest conversation about what energy consumption means for the future of crypto: if the technology needs to iterate in order to reduce environmental impact, if the scaling of the space should be artificially slowed to reduce impact, or if other mitigation opportunities exist to make crypto more “green”.
I’d love to hear about people‘s ideas for where this space is moving, and have a real dialogue about what we as a community and market should be expecting from innovators going forward.
Edit: One issue to point out is that most conversations around environmental impact are geared towards [individual impact](https://www.vox.com/the-goods/2018/10/12/17967738/climate-change-consumer-choices-green-renewable-energy), framing climate change as a problem we should address individually. This does nothing towards recognising that [industries and individual companies](https://www.fastcompany.com/90290795/focusing-on-how-individuals-can-stop-climate-change-is-very-convenient-for-corporations) are responsible either directly or indirectly for the vast majority of climate change. The crypto industry has the potential to reverse this trend if the right demand exists from consumers and the community.