Thank you, Mr. Généreux.
Now that we know how fond you are of ChatGPT, we'll have to check from now on to determine whether your questions were prepared by the system.
It's my turn to speak now, because my colleague Mr. Gaheer kindly gave me his speaking time.
I'll begin by openly admitting that I have some digital assets, as do a good many millennials like me, who understand the interest and value of the underlying technology of things like bitcoin and various other digital assets.
It's a topic that I take a keen interest in, and I think this discussion with thoughtful witnesses like the ones we have today is really important in dispelling some of the myths and some of the intellectually lazy ways in which this technology has been portrayed in the media, so I appreciate your efforts to educate us and the Canadian public on blockchain.
Considering that we have the Digital Asset Mining Coalition with us, the way I understand it, mining bitcoin, for instance, which is the digital asset that requires the most energy because of its its proof of work mechanism, allows, for instance, provinces or Hydro-Québec to never waste electricity, given that you can turn it on and off as you wish, which is very different from other industries. The way I see it, you monetize the energy that would otherwise be lost.
Can you expand on that? We keep hearing that it consumes a lot of energy and that it's bad for the environment, so I'd like to hear your take on that.