Bitcoin will cause not one but two revolutions

Stabilizing the world's financial architecture
Stabilizing the world's energy architecture

The first one most people don't know there is, or make out that there isn't, a problem, so are therefore not ready for Bitcoin yet.

The second one, everyone agrees there is a problem, so are therefore ready for Bitcoin now.

The world needs Bitcoin

We've just been leading with the conversation they are not ready to have while ignoring the one they are ready to have.

Bitcoin is energy money
But it is also a monetizer of energy

Both those are innovations the world has never had before

And the second quality if the one the world is ready for right now

The world's attitude to Bitcoin mining is changing rapidly

For example, I just spent the weekend visiting 3 landfills where that country's government's environmental ministry identified that Bitcoin mining is the best solution to remove their hazardous methane emissions

Few will understand why this post is significant, but I'll say it anyway because it will be more obvious in a year's time.

Landfill methane capture has been technically possible for decades. The obstacle was always economic.

2 problems:

No buyer for the power. Most landfills in the Global South can't sell electricity to the grid: no transmission lines, too expensive to upgrade the grid to handle the power, or govt regulations actively prevent it

Credits priced too low. On voluntary carbon markets, methane mitigation earns ~$5 per credit. That finances nothing.

Bitcoin mining solved the first problem: the miner buys every megawatt on site, no grid connection required.

Now it is starting to solve the second.

Under Article 6 of the Paris Agreement, a country that signs a cooperative agreement can sell its carbon credits on international compliance markets at ~$20 per credit instead of ~$5. That difference is what turns a marginal project into one investors will fund.

For years, several Latin American governments saw no reason to join. With no viable projects, why build the regulatory framework?

Bitcoin mining made the projects viable. Now the agreements are being signed.

The full sequence: a mining rig gives landfill gas its first buyer, the buyer makes the project viable, the viable project gives a government its reason to enter compliance carbon markets, and the compliance price funds the next ten projects.

Methane that has warmed the planet for decades is becoming the revenue that pays for its own destruction.

And the unlikely catalyst is Bitcoin mining: the industry everyone was once told was the climate's enemy.

For people in Energy:

2021: evaluating Bitcoin mining is a career risk
2026: evaluating Bitcoin mining is no longer a career risk
2031: failure to evaluate Bitcoin mining is a career risk

Methane from landfills shorten the lives and quality-of-life of children.
Bitcoin mining removes that methane profitably.

Probably nothing.

When you invest in Bitcoin mining companies with dual revenue streams, you are accelerating Bitcoin acceptance (and therefore adoption), because you're growing the companies that advance the "Bitcoin solves an energy solution" conversation the world is ready to have

A waste management consortium recently took over an country's landfills because they were emitting methane, causing harm to residents and deterring tourism

They concluded Bitcoin mining was the only viable solution

We just booked by tickets to visit them

Probably nothing

Of the peer reviewed papers on Bitcoin, >90% of them are on Bitcoin and energy

Of Cambridge's report on Bitcoin, >75% of the report is on Bitcoin mining

Of countries forming National Bitcoin Reserves through vehicles other than confiscation > 90% have done so using Bitcoin mining (only El Salvador purchased Bitcoin)

Of people routinely talking to political leaders about Bitcoin (including Prince Filip, Adam Back, myself) almost all of the leaders want to talk about Bitcoin and energy (versus a much more muted response to "Bitcoin and money")

Bitcoin is a fire waiting to burn. The Bitcoin-as-money conversation is the big log in the fire. It's the ultimate place we want to end up. But it's not the starting point. We've been trying to start a fire by holding a match to a big log.

Bitcoin mining is the kindling, it's the fire starter, because it solves so many energy problems that people have, and political leaders are struggling to find solutions to, right now!

Once Bitcoin mining creates acceptance of Bitcoin, from there it will be so much easier for the big log of Bitcoin-as-money to catch alight.