In a new episode of the Unchained podcast, Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, and JamesMcGinniss, CEO and co-founder of David Energy, said that the US petrodollar is more dangerous for the environment than Bitcoin mining.
The guests discussed Bitcoin, the dollar and how the first cryptocurrency (BTC) uses energy compared to the leading fiat currency (USD).
Petrodollar – this is US dollar paidoil exporter for the resource. Supported by US military power, it threatens the environment much more seriously than Bitcoin. In 2017 alone, the US military used up to 1 million barrels of oil every day, leaving a huge carbon footprint.
Gladstein believes that Bitcoin is a real competitor to the petrodollar, and its energy intensity – it is "a feature, not a bug" that "creates security".
In addition, Bitcoin has a social value that allows 1.2 billion people to survive hyperinflation and authoritarianism.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
Read this:
Opinion: Bitcoin is at the start of a bull run
Opinion: Governments will outlaw bitcoin
Opinion: Bitcoin will hold out in the next fall in the stock market
Блог компании CEX. IO | Results (January 1 – 10): Ethereum has grown by more than 70% since the beginning of the year, bitcoin has added 31%
Opinion: the yield of American miners will increase due to the collapse of oil
Copy-paste | Opinion: by 2030, Bitcoin will reach $ 397,000