"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as Sweden would generate. Hence the stinging critique of how this cryptocurrency wastes the planet’s precious resources." — Ian Birrell
Is it true that Bitcoin only wastes energy and is the sole purview of financial gambling and speculation in the western world, or are there boots on the ground showing the real results of the "pioneer species" thesis we've recently covered? What if Bitcoin is bringing both financial independence, and electricity, those those with no other viable options? This incredible article is not to be missed.
Check out the original article at The African village mining Bitcoin - UnHerd (Link: https://unherd.com/2024/01/the-african-village-mining-bitcoin/)
References
Madness of Crowds (Link:https://a.co/d/dCme4WS)
Check your Financial Privilege (Link:https://a.co/d/bcPHV1Y)
Bitcoin is a Pioneer Species (Link:https://fountain.fm/episode/LYZMMtMFMnP0UaEmeCve)
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“Technological change is not additive; it is ecological. A new technology does not merely add something; it changes everything.”
― Neil Postman
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