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  • Writer's picturegre405

Fear of a Bitcoin Planet

"Bitcoin is boiling the oceans! Bitcoin uses as much energy as Sweden! Bitcoin's energy consumption is wasteful!"

The above statements are common arguments against the utility of Bitcoin meant to instill FUD (Fear, Uncertainty, and Doubt) in potential users of the Bitcoin network. Coindesk columnist Nic Carter presents the definitive rebuttal to these attacks, and explains how Bitcoin mining creates a frontier of opportunity for more efficient energy use and transport.

Other companies proving Bitcoin's positive environmental impact include Russia's BitCluster and Canada's Validus Power. Remember these names; these are who ExxonMobil, Royal Dutch Shell and other will be chasing once we reach hyberbitconization, if they aren't already.

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