Cryptocurrency: Beyond Bitcoin Teach-Out

In this video, Diego Zuluaga, Principal at Fingleton, provides insight into the ecological impacts of cryptocurrencies. All payment systems require resources: can we say that this is wasteful when compared to the personnel of centralizing banking systems? Is the ecological impact even across the world? 

He also posits ways to mitigate the impact through move Bitcoin mining activity to countries that use low-carbon or carbon-free energy and reducing the energy expenditure by moving from proof of work to another consensus mechanism, proof of stake.