2 years ago

312

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In this video, I discuss how Bitcoin mining is being used to fund conservation efforts in Virunga National Park in the Democratic Republic of the Congo. This project goes against the widespread perception of Bitcoin mining as being bad for the environment.

Is it actually wasteful to use stranded energy sources to mine Bitcoin, especially if the proceeds can be used to fund conservation as well as to support the local population?

What happens if the local population's energy needs grow? It's easy to shut off the Bitcoin miners, and divert the electricity to the local economy.

Bitcoin mining creates jobs.
Bitcoin mining incentivizes energy infrastructure build-out.
Bitcoin mining monetizes stranded energy.

Just as we're discovering how amazing Bitcoin mining is for:

Monetizing stranded and unused energy sources
Providing funding for poor rural populations
Preventing unnecessary natural gas venting
Monetizing landfill methane

So what does Vitalik do?

"Hold my beer, we're moving to proof of stake"

You can see how fake and financialized the Ethereum economy is. Stake your 32 ETH and earn interest on your unregistered securities until the SEC shuts you down.

That 32 ETH is money that could be used instead to build solar farms, wind farms, or nuclear power plants. Capital is fungible and mobile.

Ethereum's proof of stake is locking up perfectly good capital in a worthless scheme. And now that scheme has made ETH an OFAC-captured coin.

Not investment advice! Consult a financial advisor.

Why Bitcoin Mining Is Good For The Environment:
https://www.youtube.com/watch?v=-j4cXA09Dz0&ab_channel=TraderUniversity

Virunga National Park:
https://virunga.org/

Gorillas, militias, and Bitcoin:
https://www.technologyreview.com/2023/01/13/1066820/cryptocurrency-bitcoin-mining-congo-virunga-national-park/

Gridless Bitcoin mining in rural Africa:
https://gridlesscompute.com/
https://www.coindesk.com/business/2022/12/06/east-african-bitcoin-miner-gridless-raises-2m-seed-round/
https://twitter.com/hash_bender/status/1577354828551962624

Ethereum is a captured coin:
https://www.mevwatch.info/

Vitalik Buterin mining:
https://www.youtube.com/watch?v=DajWjHwnbrQ&ab_channel=SheGuevara

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#bitcoinmining
#ethereum

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