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.
Costliness of money (annually):
— Dan Hedl (@danheld) April 14, 2019
Gold Mining: $105B
Paper Currency and Minting: $28B
Banking System: $1,870B
Governments: $27,600B
Bitcoin Mining: $4.5B