I've received numerous questions across multiple platforms.
Elon is wrong but he probably is very aware he is intentionally wrong on bitcoin's energy consumption/carbon footprint since he just applied to the EPA so has to take a 'green' position. Lyd Alden was recently quoted as saying, "When the Bitcoin network's electricity consumption gets to a point where it is using enough methane to more than offset its estimated CO2 contributions, and thus ends up being net-negative for greenhouse gas effects, that is going to be pretty awkward for the ESG critics."
My answer is mostly contained in a piece I wrote in October 2020:
https://www.virtueofselfishinvesting.com/reports/view/crypto-report-10-10-19-bitcoins-energy-consumption-vs-fossil-fuels-vs-nuclear-power
and
https://www.virtueofselfishinvesting.com/faqs/answer/issues-with-decentralized-technologies-1-will-it-overtake-centralized-systems-2-bitcoins-energy-consumption
and
https://www.virtueofselfishinvesting.com/reports/view/market-lab-report-bitcoin-s-carbon-footprint-vs-elon
Also:
https://twitter.com/SBF_Alameda/status/1392724490933575683?s=20
Market Lab Report - FAQs re: Bitcoin Energy Consumption/Elon
| Published: | 13 May 2021 15:34 ET |
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