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July 2, 2016 No Comments

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@digiconomist@mastodon.nl Follow 16,048 14,144

Exposing the Unintended Consequences of Digital Trends. @digiconomist@mastodon.nl

DigiEconomist
DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
13h 1638117796776226817

If the Bitcoin price would just move to $1M already we can still make it happen before the 2030s 👌

Jacob Silverman @SilvermanJacob

I can't emphasize enough how much bitcoin fixes this. https://twitter.com/nytimes/status/1637801949432012801
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DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
18 Mar 1637067167307800579

Even at just the current price level Bitcoin is already responsible for around 1% of all electricity consumption in the US and that’s only accounting for the share of miners that is actually operating in the US.

Reply on Twitter 1637067167307800579 Retweet on Twitter 1637067167307800579 5 Like on Twitter 1637067167307800579 25 Twitter 1637067167307800579
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DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
18 Mar 1637065564198776836

Folks seem to be forgetting that if Bitcoin heads to $1M the power demand of the network will also start to rival that of the entire US. It would be raining Bitcoin bans in no time, hence the BTC price is soft capped well below the $1M price point. https://twitter.com/goingparabolic/status/1636918342266109952

Jason A. Williams @GoingParabolic

Balaji is locked in on a $2M bet that #Bitcoin will be north of $1M in 90 days. 🤯🤯🤯
Reply on Twitter 1637065564198776836 Retweet on Twitter 1637065564198776836 16 Like on Twitter 1637065564198776836 88 Twitter 1637065564198776836
DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
18 Mar 1637067167307800579

Even at just the current price level Bitcoin is already responsible for around 1% of all electricity consumption in the US and that’s only accounting for the share of miners that is actually operating in the US.

Reply on Twitter 1637067167307800579 Retweet on Twitter 1637067167307800579 5 Like on Twitter 1637067167307800579 25 Twitter 1637067167307800579
DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
18 Mar 1637065564198776836

Folks seem to be forgetting that if Bitcoin heads to $1M the power demand of the network will also start to rival that of the entire US. It would be raining Bitcoin bans in no time, hence the BTC price is soft capped well below the $1M price point.

Jason A. Williams @GoingParabolic

Balaji is locked in on a $2M bet that #Bitcoin will be north of $1M in 90 days. 🤯🤯🤯
Reply on Twitter 1637065564198776836 Retweet on Twitter 1637065564198776836 16 Like on Twitter 1637065564198776836 88 Twitter 1637065564198776836
DigiEconomist avatar; @digiconomist@mastodon.nl @DigiEconomist ·
16 Mar 1636387804191268870

It’s only typical that a Bitcoiner policy advisor has neither heard of, or understood, a key metric relevant to policy-makers 🤷‍♂️

It’s only typical that a Bitcoiner policy advisor has neither heard of, or understood, a key metric relevant to policy-makers 🤷‍♂️
@digiconomist@mastodon.nl @DigiEconomist

I also put a note on this in my research article “revisiting Bitcoin’s carbon footprint” published in Joule one year ago. https://www.cell.com/joule/pdf/S2542-4351%2822%2900086-1.pdf

If you’d properly account for the real impact on a grid, Bitcoin’s carbon footprint is likely much larger than we think it is.

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