I'm not going to debate climate change like I'm not going to debate flat earth. It's happening.
Bitcoin has the potential to rewire the human psyche
Or should I say restore the original incentives before fractional reserve. People want to save for rainy days / retirement etc but with inflation looking like 20%, and your bank giving you 1% interest, you are effectively loosing 19% a year. As a result money looks for investments - stocks & shares etc, this pushes stocks upwards - makes billionaires richer.
Printing money makes Billionaires richer! & Poor people poorer!
When trying to deal with climate change we come up against perverse incentives -
- can't stop subsidising coa because muh jobs
- can't curtail military because muh war
- can't have electric cars because muh its damaging to my fossil car industry
- we must bail out the car industry because muh jobs
- we must bail out the air lines..
- we must help with fossil fuel bills because my gas business is suffering
Money it self is the primal human driver
When government prints money, your savings & your wages are devalued. Working class have no assets so effectively their wages are halved. Money printing drives inequality and that's the way the rich like it.
Government departments receiving money will never feel incentivised to do them selves out of a job. Their incentive would be to create ever larger quangos for government, to ask for more freshly printed money. New quangos will find opportunity in -
Universal basic income for the rich.
2008 Bank Bailout: Its True Cost, and Who Paid It
When the final meltdown occurred in September 2008, Congress passed the Troubled Asset Relief Program (TARP), the (in)famous $700 billion bank bailout of the financial sector. The gains, it turned out, were privatized—the losses were socialized. Wall Street was pro-free market until they were in trouble.
People once owned the land with out money
Indigenous tribes are force of their ancestral lands by Governments, Industry & teems of highly payed lawyers with endless money. Of corse the tribes had/have no money and can not compete.
Mike will explain this much better than I can but where he sees gold as the answer many more are now seeing an incorruptible digital asset as the the only thing that fits into the modern digital age.
An excellent deep dive into Bitcoin and Climate.
Mining with renewable energy
Margot Paez one of the rising stars in this area & other panelist’s discuss mining with renewable energy.
An Unexpected Superhero
Daniel Batten explains how Bitcoin could incentivise the renewable renascence in An Unexpected Superhero.
Bitcoin is Deflationary
Jeff Booth the author of The Price Of Tomorrow" discuses Bitcoin as a deflationary force.