Ethereum will reduce its energy consumption required for operation by 99.95%?

The article on Ethereum's blog explores the influence that various countries have over monetary systems and blockchain technology, particularly concerning cryptocurrencies. The author highlights that traditional governments possess significant power that they can utilize to regulate and control the usage of digital currencies. However, with the increasing popularity of blockchain technology, this reach of power is beginning to diminish. Authorities are attempting to confront cryptocurrencies by implementing a range of regulations, but the latest advancements in technology may render some of these rules ineffective. This phenomenon illustrates how the relationships between power and technology can evolve in the future, with blockchain potentially offering a new form of financial independence. In summary, the article points to the changes that might occur as blockchain technology becomes more prevalent, and traditional power structures face the challenge of a new financial reality.