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Magic Beans
Patrick Boyle
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Comments by "Magic Beans" (@Magic_beans_) on "The Bitcoin Green Revolution - Is Cathie Wood Right About The Environmental Impact of Bitcoin?" video.
I see it the other way around: mining provides a profit motive to build renewables, which of course is how anything gets done anymore. But also that profit motive depends on us caring enough about crypto to keep the price propped up for however many years.
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@sblijheid Short answer, yes, it’s a distribution problem more than a production problem. There are some asterisks to that though, like how much pollution and deforestation we’re willing to tolerate, whether we can get people eating in a more vegetarian direction (not entirely veggie, just more so), or how much effort we can put into reducing food waste. Tying this back to the video, there are also reports suggesting we can feed the world entirely using organic farming methods, but those depend on very ambitious and sometimes contradictory assumptions. For example reducing animal farming for food to near zero but also maintaining access to animal-made fertilizers.
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