Bitcoin proved revolutionary because it ignores the need for modern money’s institutions to verify payments, but the price to pay for the innovation is a high carbon footprint.
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Bitcoin’s High Energy Consumption Is a Concern – but it May Be a Price Worth Paying
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Of course, few talk about the energy consumption of the banking system. Or of Visa and Mastercard. Or the fact that many miners are in China, one of the leading solar countries in the world.
BTC might use a ton of energy, but it is not alone. How much energy does Wall Street and the associated offices throughout the world use.