added by sari · updated 2y ago
Bitcoin as Battery – The Slow Hunch by Nick Grossman
Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
by Neel Mehta
- Katie: Sometimes the middleman can be important. Let's address the environmental disaster: there re blockchains that are carbon negative. Many have adapted proof of stake. The problem of electricity usage is in proof of work consensus mechanisms. Right now 76% of Bitcoin miners are incorporating renewables into their mix. I have confidence in the B... See more
from Opinion | A Crypto Optimist Meets a Crypto Skeptic (Published 2021) by Ezra Klein
sari added
In our view, everything discussed so far is a special case of a profound general shift that Bitcoin is slowly but surely bringing to global energy markets: It allows the physical infrastructure for transporting either generated electricity or energy dense fuels to be extended over the internet. It augments a physical network with a digital one.
from Bitcoin Is Venice: Essays on the Past and Future of Capitalism by Allen Farrington, Sacha Meyers,
In our view, everything discussed so far is a special case of a profound general shift that Bitcoin is slowly but surely bringing to global energy markets: It allows the physical infrastructure for transporting either generated electricity or energy dense fuels to be extended over the internet. It augments a physical network with a digital one.
from Bitcoin Is Venice: Essays on the Past and Future of Capitalism by Allen Farrington, Sacha Meyers,
- Ezra: Bitcoin is an energy disaster. If Bitcoin were a startup and you go to their board meeting, they would probably say we have to work on this energy problem. But given it's decentralized nature, nobody is giong to change it. It makes me wonder if there are downsides to smart contracts being hard to alter.
from Opinion | A Crypto Optimist Meets a Crypto Skeptic (Published 2021) by Ezra Klein
sari added
As bitcoin mining is unusually sensitive — reactive, even — to the cost of the energy it consumes, this means it is overwhelmingly likely that Bitcoin will be the cleanest consumer of energy in the world before too long, entirely as a side effect of its brilliant design and not at all because it is conscious of its environmental impact.
from Bitcoin Is Venice: Essays on the Past and Future of Capitalism by Allen Farrington, Sacha Meyers,
- we've yet to convince the public that crypto is more than just a "currency." In fact, most crypto isn't even a currency anyway — it's gas for a protocol, a utility for a specific ecosystem with no intent of ever being money.
from RabbitHoleDAO: Why Decentralization Matters by Zach Davidson
sari added
- More so than crypto mining helping the grid, there will be more and more industries with high-electricity operating costs looking to use the cheapest, cleanest energy available. Colocating these high power users with the clean power plants helps create more demand for clean energy, without making interconnection queues worse or requiring more trans... See more
from The transition to clean energy is accelerating by Tsung Xu
Jason Badeaux added