Swan Bitcoin
5 HN recommenders · recommended in 4 months, 2021–2022
38:05 · 88K views · Sep 15, 2021
A documentary from Swan Bitcoin exploring Bitcoin's relationship with energy, featuring Lyn Alden and others, and arguing that mining is a net positive for the environment and not wasteful.
Bitcoin advocates on HN cite it to rebut energy-consumption and waste criticisms, though it is an advocacy piece from a Bitcoin company.
7 comments from Hacker News
Bitcoin is a "machine that greens". It will drive sustainable energy development in an emergent free market fashion and take us to a type 1 civilization. this video Fix the money, fix the world.
Once you find out you'll panic about not having enough. The benefits are apparent when analyzed from the perspective of money as a technology that enables strong property rights defended by cryptography. Robert Breedlove does a podcast on the nature of money which great. This video also does a great job of addressing the "waste" by elaborating on "unforgable costliness" : this video All of these "uses energy per transaction" people are being underserved by their news sources on the development of the lightning network, which is like going from a LAN with global broadcast to NATed and routed TCP/IP (Bitcoin is a global broadcast layer and lightning is a transaction bundling / routing layer/network). I mean an entire country has adopted it and we still have folks on hacker news missing the disruption for the trees!
Bitcoin's energy consumption is a feature, not a bug. The amount of energy consumed by the network will continue to increase, as it should, as it secures more wealth. A currency that's based on energy has been speculated about for decades, such as by Buckminster Fuller, which he called the Kilowatt Dollar: [LINK] Bitcoin is the first attempt at such a money that might actually work. [LINK] If you're curious about the connection between Bitcoin and the energy sector these are worth looking at. * [LINK] * [LINK] * this video * [LINK]
[LINK] - "Bitcoin & Renewable Energy Transition - Bitcoin Incentivizes Green Energy" [LINK] - "Can Bitcoin Mining Save the Environment? with Troy Cross" [LINK] - "This Machine Greens" this video
You should educate yourself. Energy consumption is an old myth and cryptocurrency pushes a lot of innovations in this field. There is a great documentary on this this video .