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On this Our Changing Climate local weather swap video essay, I glimpse at the most effective tag of cryptocurrency and Bitcoin. Particularly, I glimpse at how Bitcoin and different cryptocurrencies are built to fail, no longer necessarily within the monetary sense, nevertheless by formulation of the influence Bitcoin and Cryptocurrencies agree with on the atmosphere. Cryptocurrency and Bitcoin are no longer viable solutions to the most modern monetary system because cryptocurrency’s blockchain proof-of-work mannequin requires a huge amount of electricity consumption. In truth Bitcoin miners or different miners of cryptocurrencies expend in actuality perfect computer programs to resolve math considerations and the quit outcome is more Bitcoin or cryptocurrency. This job of Bitcoin and cryptocurrency mining, on the opposite hand, is environmentally unfavorable and unsustainable because it calls for a massive amount of energy. There are some skill solutions to Bitcoin and cryptocurrency’s energy and environmental tag. Switching to a proof-of-stake cryptocurrency mannequin may perhaps vastly slice cryptocurrency’s environmental harms. That being stated, switching objects aloof doesn’t take care of the rise of crypto-colonialism in locations like Puerto Rico.
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Timestamps:
Intro – 0:00
What is Cryptocurrency? – 0:44
The Pains With Cryptocurrency – 1:50
The Promise of Cryptocurrency? – 4:27
A Phrase On Crypto-Colonialism – 6:49
The Future of Crypto – 8:39
Toughen OCC on Patreon! – 10:22
I expend Epidemic Sound for a pair of of my song: http://epidemicsound.com/creator
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Extra Reading and Sources: https://ourchangingclimate.concept.save/Cryptocurrency-Sources-107fe84ebff3488b855118ae5a559c5e?pvs=4
#Bitcoin #Cryptocurrency #Crypto