Climate and Crypto

I believe strongly that it would be a huge mistake to shut down a fundamental innovation that has the potential to decentralize power because we are temporarily concerned about its electricity consumption. Instead, we need to eliminate fossil fuel subsidies, pass a carbon tax, and decarbonize our grid aggressively (as an aside, I believe that will ... See more

I have been asked how I can reconcile my support for crypto/blockchain with my concerns about the climate crisis. So here is a blog post laying this out.

Crypto/blockchain is a fundamental innovation that addresses an important problems facing us in the world today: too much power concentrated in the hands of a few corporations and governments.