Exactly three years ago today I wrote this CityAM piece on why money must have a direct and transparent link to energy.
Bitcoin’s Proof of Work restores that principle.
Key excerpts:
“A currency with no production cost will always warp society and have environmental consequences.”
“Bitcoin’s uniqueness lies in its proof of work… creating a direct link between energy and currency.”
“In 1971, we divorced our money from energy… Luckily, in 2009, Bitcoin’s PoW reconnected money to energy.”
Full article, 3 July 2023:
https://www.cityam.com/why-money-should-have-a-direct-and-transparent-link-to-energy/
Still incredibly grateful to my editor Darren Parkin, who was the first in mainstream media to give Bitcoin and energy a serious platform when most outlets were just recycling FUD.
Bitcoin’s Proof of Work restores that principle.
Key excerpts:
“A currency with no production cost will always warp society and have environmental consequences.”
“Bitcoin’s uniqueness lies in its proof of work… creating a direct link between energy and currency.”
“In 1971, we divorced our money from energy… Luckily, in 2009, Bitcoin’s PoW reconnected money to energy.”
Full article, 3 July 2023:
https://www.cityam.com/why-money-should-have-a-direct-and-transparent-link-to-energy/
Still incredibly grateful to my editor Darren Parkin, who was the first in mainstream media to give Bitcoin and energy a serious platform when most outlets were just recycling FUD.
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