How can we use bitcoin to save the world?
bitcoin is considered to be polluting
- Miners used standard grid
- Urban ereas like NL
- Quick obsoletion of equipment due to efficiency
- The total amount of energy is mind blowing
- framing with comparisons like 'Ireland'
insiders see the benefits in bitcoins use of energy, outsiders see the framing
Benefits:
- Bitcoin replaces people & systems which use more energy
- Bitcoin can travel at low cost (energy at high cost)
- Miners having costs in the tacit world increases security
miners
Miners are rational economics. Let's assume they don't have ethics. What do they do?
THE GLOBAL AVERAGE POWER GRID
CONSISTS OF 18.6% OF RENEWABLE/CLEAN
ENERGY SOURCES (incl. NUCLEAR)
renewable
The grid moves towards 100% renewable. Mining seems to boost renewable energy. Why?
because...economics!
Van der Chijs: "All new facilities are using 100% renewable energy! Why? Because $$$!"
bitcoins can be mined here, and used in urban areas
FPGA mining gets better and more efficient. Equipment becomes multifunctional, has longer life cycles.
Bitcoin is the most secure network that exists. We can and should use this security for millions of applications that use urban energy now. We've already started!
- time stamping anything
- lightning network
- delayed proof of work
- merged mining
+ miners boost renewable energy;
+ equipement evolves;
+ energy travels from desolate to urban;
+ application & security of bitcoin replaces energy consuming industries. 2nd layers makes this endless in scale & possibilities;
thank you
