zherbert

You think the current global financial system is energy efficient? How about the raw materials used by global militarizes financed by unending money printing? If you fast forward a couple decades, and Bitcoin becomes the global reserve currency, mining will be far more efficient than the amount of enormous military spending and middle-eastern oil production financed by fiat currencies and the petrodollar standard.

You people are advocating for shutting down one of the most important human advancements of all time – money that is directly linked to energy.

That's preposterous, Bitcoin incentivizes production of whatever energy is cheapest. That does not necessarily mean fossil fuels, though it is often that those are cheaper.

Hydro is a perfect example. A sizeable percentage of all Bitcoin mining is done with cheap hydro.

Bitcoin will do the same for nuclear, making it cheap and plentiful.

Bitcoin mining incentivizes the plentiful production of cheap electricity. This will make it so that there are no such thing as power shortages in the future and push us towards a Type I civilization on the Kardashev scale.

Bitcoin mining reduces the risk for energy generation projects, because they no longer need to worry about who will purchase the extra capacity.

Bitcoin mining can act as a load-balancer for the grid – spin down some machines if there is high demand, spin up machines if there is low demand.

There are so many benefits. It is unfortunate that there is a serious lack of understanding on this website.