Its useful to have a money system that isnt abused by central banks, destroying what you've worked for your whole life. The problem is accelerating and people seem to have found a solution. And energy "waste" is 1) an opinion of its utility and 2) more a function of grid structure. If the energy grid globally was all green then btc would be all green. It also less than 1% of global energy usage and does not scale with usage. It scales with price discovery which eventually maxes out long term.
You dont need to participate if you dont want to but sweeping it under the rug as all a scam is head in sand behavior.
“I'm not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don't care about bitcoin. I have no interest in it.”
Edit: sorry, I got the wrong bank (jpm vs jmp). Thanks for clarifying below.
There was also a crypto-downturn in their years of operation and these two protocols didn't need "bailouts" to survive.
The thing about it all is that it has use, but 98% of all who are pro-crypto are just trying to get in on the gold rush rather than actually make it useful. Diamond hands is good for your position but awful for making it an actual currency.
I'm sure I'll get some five paragraph long response to this pin pointing little bits here and there that might make it possible but the fact of the matter is that as it currently exists and is being propped up, it is just burning our planet for a potential goldrush.