17min chapter

Intelligence Squared cover image

Debate: Crypto vs The Environment

Intelligence Squared

CHAPTER

Cryptocurrency Mining: Balancing Innovation and Environment

This chapter explores the intricacies of cryptocurrency mining, focusing on the contrast between proof of work and proof of stake, and the geopolitical effects of Bitcoin mining's decentralization. It also examines the environmental impact of Bitcoin amidst the climate crisis, discussing both the energy consumption of cryptocurrency versus traditional finance and the potential of renewable energy in cryptocurrency adoption, particularly in developing countries. The chapter presents a case study on El Salvador's Bitcoin use, emphasizing its social and governance benefits while addressing the environmental concerns associated with mining practices.

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