“THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?"
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“THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?"
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.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The rise of a decarbonization-as-a-service sector may make it easier to commodify and exchange carbon. But what if it doesn’t actually help address climate change? There is always the risk that the platforms could be algorithmically flawed—that their software isn’t accurately quantifying emissions, whether positive or negative. But there are also d... See more
Holly Jean Buck • Decarbonization as a Service
The narrative today is, overwhelmingly: crypto mining (specifically: Proof-of-Work mining for Bitcoin and Ethereum) is a dangerously large consumer of energy. Where I expect the narrative to move to over time is: crypto mining is driving the energy transition from fossil fuels to renewables.
Nick Grossman • Bitcoin as Battery – The Slow Hunch by Nick Grossman
That doesn't mean NFTs are a scam or a fad. Far from it. Only that many projects last year were cash grabs, and we should now expect more from our non-fungible tokens.