Crypto is not bitcoin, and we aren't going to have a good substantive conversation about how to move to better, carbon neutral, layer one consensus protocols if influential voices keep lumping them together. Sigh.
Hey @Bill, do you plan on releasing a midterm election guide? Speaking for myself as a young person with aspirations to vote effectively for the climate, a concise guide to candidate choices and ballot measures would be super helpful! If this isn't something on your radar yet I'd love to offer any help in formulating one of these!
Climate change is an existential threat, but that doesn't mean that everything written against it is coherent. This 79 is a meaningless ratio; it's like dividing a family's bread consumption by bread mentioned in newspaper articles. Cryptocurrencies consume energy (pointlessly), but banks merely facilitate it. Facilitating is bad enough, but the production is done by energy industries, the consumption is done by other industries, and the ultimate benefit is spread around. Ascribing carbon production to the financing banks is either lopsided or leads to double counting. In any case it's bad accounting. The 79 is not a real number but a rhetorical flourish.
It's a shame you have no optimism for the usefulness of efficient blockchains for advancing the market for carbon credits. Blockchains present a new way for humans to coordinate on larger scales than ever before. If that doesn't sounds useful in the fight against global warming, what does? Being anti-industry doesn't help anything.
I agree that both crypto and big bank support of fossil fuel are problems, but I think comparing the two is not helpful. You are going after banks because they enable oil and coal companies, not because banking itself is bad. Unless crypto comes up with a way to generate their currency with minimal computing power, crypto is itself bad.
Crypto is not bitcoin, and we aren't going to have a good substantive conversation about how to move to better, carbon neutral, layer one consensus protocols if influential voices keep lumping them together. Sigh.
Hey @Bill, do you plan on releasing a midterm election guide? Speaking for myself as a young person with aspirations to vote effectively for the climate, a concise guide to candidate choices and ballot measures would be super helpful! If this isn't something on your radar yet I'd love to offer any help in formulating one of these!
Hello Mr. McKibben,
I asked you about the "academic response" when you were presenting via Skype at Cape Breton University.
I invite you to start to follow the works of the P2P Foundation - Michel Bauwens would love to chat I'm sure.
Regards.
Climate change is an existential threat, but that doesn't mean that everything written against it is coherent. This 79 is a meaningless ratio; it's like dividing a family's bread consumption by bread mentioned in newspaper articles. Cryptocurrencies consume energy (pointlessly), but banks merely facilitate it. Facilitating is bad enough, but the production is done by energy industries, the consumption is done by other industries, and the ultimate benefit is spread around. Ascribing carbon production to the financing banks is either lopsided or leads to double counting. In any case it's bad accounting. The 79 is not a real number but a rhetorical flourish.
Thank you. Yes. Seriously.
It's a shame you have no optimism for the usefulness of efficient blockchains for advancing the market for carbon credits. Blockchains present a new way for humans to coordinate on larger scales than ever before. If that doesn't sounds useful in the fight against global warming, what does? Being anti-industry doesn't help anything.
https://carboncredits.com/carbon-crypto-guide-klimadao-carbon-nfts-and-carbon-tokens/
I agree that both crypto and big bank support of fossil fuel are problems, but I think comparing the two is not helpful. You are going after banks because they enable oil and coal companies, not because banking itself is bad. Unless crypto comes up with a way to generate their currency with minimal computing power, crypto is itself bad.
@Bill, when are we going to do the coordinated switch to low-carbon banks? I have held off because you asked us to back in the spring / early summer.