A faster, more efficient cryptocurrency
I&#x27;m shocked and disheartened by how infrequently environmental concerns are brought up when discussing crypto. Proof of Work vs Proof of Stake, security, storage size - these are problems for the network and those that want to see it become a real part of our economy. (I am one of those)<p>But the amount of energy being used to mine bitcoin is a <i>real problem</i> - it&#x27;s not just a technical challenge (like the problems above). This is something that literally affects every human being.<p>Of the 203 comments (at the time I am posting this), there are only two uses of the word &quot;environment&quot;. One of these is about the &quot;regulatory environment&quot;.<p>Let&#x27;s say Bitcoin, Ethereum, or another coin achieves an economic value &amp; level of efficiency that makes mining an accessible investment for low-income people. Instead of server farms in Iceland, mining would be done by millions of people around the world. Some of the energy used for this would be renewable - but plenty of this is going to be coming from coal. In that sense, the coin would create an economic incentive to pollute (there are plenty of these already), and there&#x27;s no way to regulate that kind of decentralized network. (That&#x27;s the whole point)<p>My favorite summary of crypto is something along the lines of: leaving your car running while it solves sudoku puzzles in exchange for drugs. The drugs part isn&#x27;t as relevant anymore, but the rest is.<p>I&#x27;m not here with an answer. There are many problems that I think crypto can solve and I&#x27;m glad it is something on the horizon.<p>But we <i>need</i> to talk about the environment.