Bitcoin's each feature is there for a reason, which is leading it to be freedom itself.
I will give a weird example (as always). Let's think that we are in a sailboat travelling from Europe to North America and we have our antennas to catch signals for connecting internet. Suddenly we learn that someone who we know is in need of urgent money, and it's matter of life. In that time we are close to America, and due to time difference bank applications aren't working. Then what will happen? We will not be able to transfer the needed money. Only if Bitcoin didn't existed :). Thanks to what Bitcoin provides us, we can easily make the transfer and save the situation.
Therefore Bitcoin is a well-thought innovation, game-changer, the definition of freedom and most importantly a hero!
I didn't know what ESG was before reading the artice, thanks for clarifying what it is and telling us your thoughts.
I don't agree that "Bitcoin is polluting too much while contributing nothing to the world." Bitcoin bring us a different point of view about money. Usher in a new age!
So, we can't say Bitcoin contributing nothing to the world, that would be selfish. Yes, it's not sustainable because of PoW, but I believe we will overcome this.
Rights offered by bitcoin are inestimable.
Nobody's perfect. If something's right, we should hold on to it.
The positive impact of Bitcoin on environmental factors cannot be ignored.
While there are many things that negatively affect the world from an environmental point of view, we need to integrate the convenience and advantages of this technological revolution into our lives.
I'm sure this will happen sooner or later, because it is a system that can produce fast solutions and is very suitable for endless development of technology.
It is good news that renewable energy has reached 56% of the energy consumed by Bitcoin.
Restrictions on banks may be lifted in the future and people may use their cryptocurrencies directly independently without intermediary banks.
With the research I have done, I have seen that it is estimated that the banking sector consumes 263.72 TWh of energy and the gold sector consumes 240.61 TWh of energy annually.
Bitcoin consumes 113.89 TWH of energy.
Since the use of renewable energy is increasing, perhaps a very good solution can be created and blockchain can be used for many things.
In fact, renewable energy consumption can be increased by recording energy consumption data on a blockchain.
Unfortunately, it is true that most technologies are bad for the environment, but if you look carefully, you can see that bitcoin is less harmful to the environment.
You can't forget the fact that bitcoin is useful because of the little things. Nothing is perfect, but that doesn't make it all bad.
We're all afraid of the environment, but I find it ridiculous to oppose bitcoin with so many positive aspects.
They really try anything to discredit Bitcoin.
Even the privacy provisions show how reliable Bitcoin is, they must be making an effort not to see it.
As I said Bitcoin will definitely evolve, nothing is perfect. If you wait a bit and be next to bitcoin, you will see its development a little more every day.
I believe this is only the way to satisfy your heart by telling that Bitcoin is not good for this and that cause you might have lost something from it or might have missed nay opportunities and wanna statisfy your ego that you did right by not investing or selling ( Just a opinion hope noone will judge me one this words)
We come talking about Environment so can you give me the usage of Old Banking System cause it consumes more power than any Crypro in this world but noone talks about that and if anyone talks he is suppressed by any authority or group of people's
In my view we should go balance and BTC , ETH they all are focusing on to reduce their consumption and Bitcoin did it and will reduce more in future
My suggestion is just don't listen them and if they continue just ask them to read this article or many views in comment :)
The demand to reduce the negative impact of a coin on the environment will become a pressure factor on miners, by people who trust Bitcoin and learn that the future lies in Bitcoin.
yes bitcoin should be more environmentally friendly, we all need to accept that.
but we can't be fair to bitcoin.
Think about gold mining, how the environment, nature and water are destroyed to extract that mineral that is not really necessary for humanity.
Bitcoin production/mining depends on very high electricity consumption PoW technology; It is estimated that 40% of the total energy used in complex calculations of cryptocurrencies comes from renewable sources. 76% of all miners also stated that some of the energy sources they use are renewable sources, among which hydropower is the most widely used.
Fossil fuels are one of the most important, if not the only, causes of greenhouse gas accumulating in the atmosphere, and these gases cause global warming, climate change, and also harm living beings, nature and the environment; Therefore, it is desired to use renewable energies with less carbon footprint. Cambridge University Bitcoin Energy Consumption Index measures energy consumption of bitcoin generation/system, carbon footprint etc. One of the references for calculating the effects. However, since Bitcoin and blockchain technology are not well known, the accuracy of energy consumption calculations and estimates is doubtful. The fact that the production of coins will decrease gradually, the technical contrast of comparing bitcoin transactions with credit card payment systems, etc. Many factors are not taken into account.
We have a wonderful world and we have the ability to get what we want in several different ways, we can install renewable energy the way we want, and the trend of using renewable energy in mining is increasing.
It should be known that the energy consumption problem of Bitcoin mining is due to the fact that energy is already a problematic issue in the world. There are problems such as crooked markets, inefficient electricity grids, barriers to renewable resources, misguided subsidies, illegal access and, as Cemil Şinasi Türun mentioned in his article, the main problem is not in production but in centralized distribution.
In time, thanks to new technologies such as PoS, the energy consumption problem of cryptocurrencies will be solved and production will be possible without spending electricity.
Many technologies do some harm to nature. This coefficient is considerably higher. However, the bitcoin system, which is still at the beginning of its development, comes across with less energy than other central financial systems.
ESG score is high now, but it is still a technology that can put more on it.
The following sentence in the article impressed me 'Then you really become your own bank and no one can stop you from using your money as you wish.'
this saying is a clue on how to break away from finance led by a central power.
They don't think when they bad talk about Bitcoin. They're trying everything to insult Bitcoin. Unfortunately, people do, because they don't investigate.
Even just the secrecy is great. A technology not beyond today, but beyond most people. It takes time to understand, to get used to, to understand. The clock is ticking now. The beauty of it is that bitcoin is also moving forward. A lot of good things will happen when it intersects.
Anything that comes up has a problem. This is quite natural. Nothing is born perfect. What matters is how much he can improve. For example, there is a gap between the first version of the phone and the current version.Dec. Because it's useful, and people have developed it. Blockchain and bitcoin are also new. Of course, there are weaknesses and shortcomings. These are things that can be improved. People can do that.
There is one thing I know for sure. If blockchain does not disappear ( better needs to be done to disappear), it will develop so much in 20 years that what we now call great technology will be considered primitive. Like the first computer and the current computer.
So every time blockchain or bitcoin or even the entire crypto world gets damaged, I get a little happy. Because these damaged area deficiencies are fixed, and something much stronger than before occurs. Every blow that doesn't kill him makes it even stronger.
The use of solar and wind energy is increasing. In the production of Bitcoin, the energy surplus that occurs at night or clean energy produced from renewable sources has also started to be used.
In every new technology and development, there is confusion until the system is established. When the regulations are completed, the risks in this area are also reduced.
The social advantages of Bitcoin cannot even be compared to other restrictive structures, needless to say, it is well explained in the article.
Managing Bitcoin is like managing your emotions, it is a very sensitive structure and how you direct it will return you in that direction. Before you act with your emotions, you should evolve your emotions according to Bitcoin.
Bitcoin's each feature is there for a reason, which is leading it to be freedom itself.
I will give a weird example (as always). Let's think that we are in a sailboat travelling from Europe to North America and we have our antennas to catch signals for connecting internet. Suddenly we learn that someone who we know is in need of urgent money, and it's matter of life. In that time we are close to America, and due to time difference bank applications aren't working. Then what will happen? We will not be able to transfer the needed money. Only if Bitcoin didn't existed :). Thanks to what Bitcoin provides us, we can easily make the transfer and save the situation.
Therefore Bitcoin is a well-thought innovation, game-changer, the definition of freedom and most importantly a hero!
I didn't know what ESG was before reading the artice, thanks for clarifying what it is and telling us your thoughts.
I don't agree that "Bitcoin is polluting too much while contributing nothing to the world." Bitcoin bring us a different point of view about money. Usher in a new age!
So, we can't say Bitcoin contributing nothing to the world, that would be selfish. Yes, it's not sustainable because of PoW, but I believe we will overcome this.
Rights offered by bitcoin are inestimable.
Nobody's perfect. If something's right, we should hold on to it.
Thank you for the article, Sylvain!
We definitely needed this article.
The positive impact of Bitcoin on environmental factors cannot be ignored.
While there are many things that negatively affect the world from an environmental point of view, we need to integrate the convenience and advantages of this technological revolution into our lives.
I'm sure this will happen sooner or later, because it is a system that can produce fast solutions and is very suitable for endless development of technology.
It is good news that renewable energy has reached 56% of the energy consumed by Bitcoin.
Restrictions on banks may be lifted in the future and people may use their cryptocurrencies directly independently without intermediary banks.
This may sound like a crazy idea to you.
I think it's good to even think about.
Blockchain for financial freedom.
Thanks for Article :)
With the research I have done, I have seen that it is estimated that the banking sector consumes 263.72 TWh of energy and the gold sector consumes 240.61 TWh of energy annually.
Bitcoin consumes 113.89 TWH of energy.
Since the use of renewable energy is increasing, perhaps a very good solution can be created and blockchain can be used for many things.
In fact, renewable energy consumption can be increased by recording energy consumption data on a blockchain.
Many technologies affect the environment badly, we cannot prevent it. but compared to other technologies, bitcoin is less harmful to the environment
Everything good has a downside, that's why bitcoin production cannot be stopped, we are in the age of technology.
We are not going to sit with our hands tied. people are officially waiting to criticize btc
so a step should be taken, Exchanges can donate some of the profits to environmental associations for example
A huge forest burned in America recently. We can plant trees in that forest again and name it bitcoin forest.
Thanks for reading.
Unfortunately, it is true that most technologies are bad for the environment, but if you look carefully, you can see that bitcoin is less harmful to the environment.
You can't forget the fact that bitcoin is useful because of the little things. Nothing is perfect, but that doesn't make it all bad.
We're all afraid of the environment, but I find it ridiculous to oppose bitcoin with so many positive aspects.
They really try anything to discredit Bitcoin.
Even the privacy provisions show how reliable Bitcoin is, they must be making an effort not to see it.
As I said Bitcoin will definitely evolve, nothing is perfect. If you wait a bit and be next to bitcoin, you will see its development a little more every day.
I trust Bitcoin.
Thanks for the article.
I believe this is only the way to satisfy your heart by telling that Bitcoin is not good for this and that cause you might have lost something from it or might have missed nay opportunities and wanna statisfy your ego that you did right by not investing or selling ( Just a opinion hope noone will judge me one this words)
We come talking about Environment so can you give me the usage of Old Banking System cause it consumes more power than any Crypro in this world but noone talks about that and if anyone talks he is suppressed by any authority or group of people's
In my view we should go balance and BTC , ETH they all are focusing on to reduce their consumption and Bitcoin did it and will reduce more in future
My suggestion is just don't listen them and if they continue just ask them to read this article or many views in comment :)
Thanks for an amazing Article Sylvain 🔥🔥
Bitcoin ❤️🔥
bitcoin ESG puna will get better day by day.
The demand to reduce the negative impact of a coin on the environment will become a pressure factor on miners, by people who trust Bitcoin and learn that the future lies in Bitcoin.
yes bitcoin should be more environmentally friendly, we all need to accept that.
but we can't be fair to bitcoin.
Think about gold mining, how the environment, nature and water are destroyed to extract that mineral that is not really necessary for humanity.
I understand your concerns about the environment.
I'm worried too.
but if you have decided to oppose something.
Start by going against gold mining.
Thanks for your great article.
In BTC we trust!
Bitcoin production/mining depends on very high electricity consumption PoW technology; It is estimated that 40% of the total energy used in complex calculations of cryptocurrencies comes from renewable sources. 76% of all miners also stated that some of the energy sources they use are renewable sources, among which hydropower is the most widely used.
Fossil fuels are one of the most important, if not the only, causes of greenhouse gas accumulating in the atmosphere, and these gases cause global warming, climate change, and also harm living beings, nature and the environment; Therefore, it is desired to use renewable energies with less carbon footprint. Cambridge University Bitcoin Energy Consumption Index measures energy consumption of bitcoin generation/system, carbon footprint etc. One of the references for calculating the effects. However, since Bitcoin and blockchain technology are not well known, the accuracy of energy consumption calculations and estimates is doubtful. The fact that the production of coins will decrease gradually, the technical contrast of comparing bitcoin transactions with credit card payment systems, etc. Many factors are not taken into account.
We have a wonderful world and we have the ability to get what we want in several different ways, we can install renewable energy the way we want, and the trend of using renewable energy in mining is increasing.
It should be known that the energy consumption problem of Bitcoin mining is due to the fact that energy is already a problematic issue in the world. There are problems such as crooked markets, inefficient electricity grids, barriers to renewable resources, misguided subsidies, illegal access and, as Cemil Şinasi Türun mentioned in his article, the main problem is not in production but in centralized distribution.
In time, thanks to new technologies such as PoS, the energy consumption problem of cryptocurrencies will be solved and production will be possible without spending electricity.
Thank you for your great article.
I learned something new today, thanks.
Many technologies do some harm to nature. This coefficient is considerably higher. However, the bitcoin system, which is still at the beginning of its development, comes across with less energy than other central financial systems.
ESG score is high now, but it is still a technology that can put more on it.
The following sentence in the article impressed me 'Then you really become your own bank and no one can stop you from using your money as you wish.'
this saying is a clue on how to break away from finance led by a central power.
Thanks for your article and comments.
They don't think when they bad talk about Bitcoin. They're trying everything to insult Bitcoin. Unfortunately, people do, because they don't investigate.
Even just the secrecy is great. A technology not beyond today, but beyond most people. It takes time to understand, to get used to, to understand. The clock is ticking now. The beauty of it is that bitcoin is also moving forward. A lot of good things will happen when it intersects.
Thanks for the article.
In Bitcoin We Trust.
Have a nice day.
Problems and solutions.
Anything that comes up has a problem. This is quite natural. Nothing is born perfect. What matters is how much he can improve. For example, there is a gap between the first version of the phone and the current version.Dec. Because it's useful, and people have developed it. Blockchain and bitcoin are also new. Of course, there are weaknesses and shortcomings. These are things that can be improved. People can do that.
There is one thing I know for sure. If blockchain does not disappear ( better needs to be done to disappear), it will develop so much in 20 years that what we now call great technology will be considered primitive. Like the first computer and the current computer.
So every time blockchain or bitcoin or even the entire crypto world gets damaged, I get a little happy. Because these damaged area deficiencies are fixed, and something much stronger than before occurs. Every blow that doesn't kill him makes it even stronger.
Thanks for the nice post. I enjoyed reading.
The use of solar and wind energy is increasing. In the production of Bitcoin, the energy surplus that occurs at night or clean energy produced from renewable sources has also started to be used.
In every new technology and development, there is confusion until the system is established. When the regulations are completed, the risks in this area are also reduced.
The social advantages of Bitcoin cannot even be compared to other restrictive structures, needless to say, it is well explained in the article.
Managing Bitcoin is like managing your emotions, it is a very sensitive structure and how you direct it will return you in that direction. Before you act with your emotions, you should evolve your emotions according to Bitcoin.
Thanks for the article.