• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Bitcoin

The Node: ‘Green’ Bitcoin Is the Price of Mass Adoption – Yahoo Finance

Admin by Admin
March 16, 2021
in Bitcoin
0
The Node: ‘Green’ Bitcoin Is the Price of Mass Adoption – Yahoo Finance
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Kevin O’Leary appeared on CoinDesk TV yesterday to deliver a bombshell: Before Wall Street goes all-in on bitcoin, he said, it needs to know how BTC is being mined.

The “Shark Tank” star and chairman of O’Shares ETFs said institutions want to invest in BTC but they have environmental issues. They’re leery, as it were, of operations driven by coal or other climate-unfriendly technology. And they want transparency around origin.

Related articles

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

July 1, 2022
Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

July 1, 2022

This article is excerpted from The Node (formerly known as Blockchain Bites), CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here. 

Related: Bitcoin Stalls at $57K Resistance, Lower Support Around $53K

O’Leary even compared some BTC to “blood diamonds,” suggesting that miners who want to be on the right side of history need to become more efficient. 

This raises a lot of big questions, including whether BTC can remain fungible, or whether we might see a split between provably “clean” coins and coins with uncertain provenance. 

The reactions on Twitter to O’Leary’s comments were furious. 

Commenters speculated O’Leary was trying to drive down the BTC price so Wall Street could buy more on the cheap. They accused him of hypocrisy. (Doesn’t Wall Street invest in gold and oil and other noxious stuff?) They scoffed, “Who cares about Wall Street?”

Related: Stellar Development Foundation Invests $750K in Nigeria Remittance Platform

Others shrugged and said they’d heard it all before. 

And it is true that this is a new version of an old narrative. As my colleague Marc Hochstein wrote, “For years, there has been talk of newly mined, ‘virgin’ bitcoins fetching a premium over units that have passed through multiple wallets.” That alleged coin discrimination had to do with legal and regulatory rather than environmental concerns.

Meanwhile, the “bitcoin energy debate” has been one of crypto’s fiercest (which is saying something). 

On one side are people who complain (somewhat erroneously) that bitcoin’s energy consumption is the size of a small country and who can’t understand why a climate-threatened world needs energy-intensive peer-to-peer money. 

On the other, people say that 1) bitcoin’s mining is getting cleaner, 2) that fiat uses plenty of energy too, and 3) that, why don’t we ever talk about the energy consumption of, say, America’s wars and Christmas lights? 

To me, O’Leary’s comments point to two reckonings. 

One, as much as Bitcoiners want to dismiss the energy/environment debate, it’s not going away. There are simply too many people frightened about climate change to allow BTC a free pass on these questions. The community needs to account for its footprint the same way every industry (more or less) has to these days. That’s just modern business. 

And two, well, the energy debate actually doesn’t matter. It’s not important if you think the critics are wrong or hypocritical. It only matters that the people who matter on Wall Street take this seriously. 

At bottom, this is a question less about the environment and more about institutionalization. Large companies are bound by sustainability and ESG committees. They have stakeholders and rules and processes to follow. And, these days, environmental impact is a material liability. They need to prove they’re clean.

Bitcoiners may not like it. But “greener” bitcoin may be the price of admission to mainstream markets. This isn’t 2015 anymore.

Related Stories

Share76Tweet47

Related Posts

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

by Admin
July 1, 2022
0

President of El Salvador Nayib Bukele must truly believe in Bitcoin—or love losing money.Undeterred by the massive losses incurred by...

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

by Admin
July 1, 2022
0

Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto...

Five reasons bitcoin had its worst quarter in more than a decade – CNBC

Five reasons bitcoin had its worst quarter in more than a decade – CNBC

by Admin
July 1, 2022
0

1. Macroeconomic pressureDuring the quarter, the U.S. Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation....

Bitcoin on track for its worst quarter in more than a decade – CNBC

Bitcoin on track for its worst quarter in more than a decade – CNBC

by Admin
June 30, 2022
0

Bitcoin is on track to post its worst quarterly loss in more than a decade.The world's largest cryptocurrency has lost...

Bitcoin posts its worst quarter in more than a decade – CNBC

Bitcoin posts its worst quarter in more than a decade – CNBC

by Admin
June 30, 2022
0

Bitcoin on Thursday posted its worst quarterly loss in more than a decade.The world's largest cryptocurrency has lost around 58%...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

Why Blockchain-Based IDs Are Better Than Traditional IDs? – The Coin Republic

July 1, 2022
After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

After Losing $60 Million in Bitcoin, El Salvador’s President Buys More – Decrypt

July 1, 2022
Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer – Cointelegraph

July 1, 2022
Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

Anonymous Bitcoin Whale Just Moved $77M Worth Of BTC Off Coinbase – Benzinga – Benzinga

July 1, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack