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Square: Bitcoin is Key to an Abundant, Clean Energy Future

Square: Bitcoin is Key to an Abundant, Clean Energy Future

simplelifestyle

Yes, the evidence shows Bitcoin is actually GOOD for the environment. These are some of the most relevant links debunking the Bitcoin energy usage FUD: > **> [Lightning is 3.7 million times more efficient than Visa](https://lb256.medium.com/lightning-is-3-7-million-times-more-efficient-than-visa-87065d13eea9)** It's working perfectly in many countries like El Salvador and large social networks like Twitter. [2nd layer, Lightning Network confirms transaction in less than 2 seconds and cost $0.01. More secure than Visa. More private than Visa. More inclusive than Visa. More energy efficient than Visa. More transaction capacity than Visa.]( https://zenimal.xyz/use-case) Also, the current financial system uses exponentially many more times power than Bitcoin. Here's the info and research supporting the argument that Bitcoin is actually good for the environment and incentivizing the use of clean, renewable and stranded/wasted energy: **Bitcoin is actually good for the environment**: Watch [this new video explaining it](https://www.youtube.com/watch?v=Mvchzpbv2hE). > > > > https://www.cnbc.com/video/2021/05/13/elon-musk-bitcoin-reversal-climate-change.html > > > > https://www.youtube.com/watch?v=TeVvtSCfcQ4 > > > > https://www.youtube.com/watch?v=eTqKLJ_o9yQ > > > > https://www.youtube.com/watch?v=Z3wFYxNItKQ > > > > https://finance.yahoo.com/news/study-over-74-bitcoin-mining-180300738.html > > > > https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption > > > > Most recent info, studies and reports: > > > > https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume > > > > https://uk.sports.yahoo.com/news/bitcoin-mining-actually-uses-less-210837605.html > > > > https://medium.datadriveninvestor.com/lightning-is-3-7-million-times-more-efficient-than-visa-87065d13eea9 > > https://old.reddit.com/r/Bitcoin/comments/qwo92n/bitcoin_mining_fud_debunked_by_nic_carter/ > > > > > > https://cryptopotato.com/banks-pollute-way-more-than-bitcoin-study-finds/ > > > > https://www.dailystockmarketnews.in/2021/05/study-shows-banks-cause-more-pollution.html?m=1 > > > > https://old.reddit.com/r/Bitcoin/comments/nl0gky/bitcoin_miners_are_escaping_china_and_it_might_be/ > > > > https://endthefud.org/ > > > > https://www.youtube.com/watch?v=cvfb-rBBsSg > > > > https://fee.org/articles/bitcoin-uses-half-the-energy-of-the-banking-system-new-paper/ > > > > https://www.youtube.com/watch?v=6NbBknQJgNI > > > > https://bitcoinmagazine.com/culture/bitcoin-vs-world-military-emissions > > > > https://www.inbitcoinwetrust.net/bitcoin-and-the-renewable-energy-debate-in-mining-the-great-hypocrisy-5b07cf6f7ba3 > > > > https://www.youtube.com/watch?v=Mvchzpbv2hE > > > > https://www.theguardian.com/environment/2021/mar/24/big-banks-trillion-dollar-finance-for-fossil-fuels-shocking-says-report > > https://old.reddit.com/r/Bitcoin/comments/pzogwd/carbon_emissions_from_electricity_consumed_in/ > > https://www.nasdaq.com/articles/how-large-scale-bitcoin-mining-is-driving-clean-energy-innovation-2021-11-20?amp > > [Bitcoin is Key to an Abundant, Clean Energy Future (WHITE PAPER)](https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf)


No-Effort-7730

People keep saying BTC is dirty when fiat has been used to pump oil and other pollutants for decades.


TaThaTaWay1

And fiat printers are printing propaganda against the inevitable new monetary system. Thankful that it won't matter math won't lie .


Any_Plastic7341

Blockchain based distributed ledger systems are very valuable tools. However, Bitcoin is not key to abundant clean energy or solving the Duck Curve, sustainable transportation is... Bitcoin generates demand for power. Satisfying power demand requires generating and utilizing resources. It is far better to satisfy our existing transportation's demand for power by shifting it to sustainable sources, such as moving an existing source of demand to clean/green, than it is to create a new source of demand for power that is not required for economically valuable activities (bitcoin). As blockchain technology is adopted into more existing systems, the demand for power will increase to 'mine' those distributed ledgers. That type of transition will inevitably happen, as it already has begun, but it's less exciting because you cannot trade it on Robinhood.