In the first halve of 2018 the critique on Bitcoin as being an immense waste of energy grew and journalists all over the world only told one side of the story: The story of useless waste.
For me this wasn’t just a bit wrong, these journalists seem to have a complete opposite view on the matter as I did (and do). That’s why I felt the need to write an article on how Bitcoin (or blockchain/crypto for that sake) can save the planet as it is our path towards energy efficiency.
Michael Saylor agrees. Bitcoin is the most energy efficient monetary system we have
Costliness of money (annually):— Dan Hedl (@danheld) April 14, 2019
Gold Mining: $105B
Paper Currency and Minting: $28B
Banking System: $1,870B
Bitcoin Mining: $4.5B
– Bitcoin uses 56% sustainable energy— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) July 2, 2021
– Global average is only 12%
Bitcoin mining cleaner than countries
Based on the Bitcoin Mining Council survey of the network, mining electricity mix increased to 56% sustainable in Q2 2021, making #Bitcoin one of the cleanest industries in the world.https://t.co/wWWgjebdtN— Michael Saylor (@michael_saylor) July 1, 2021
Bitcoin is environmentally friendly.— Dan Held (@danheld) July 9, 2021
Inflationary currencies promote consumption.
Bitcoin promotes reducing consumption and saving.