FF NFT ideas:
(click to enlarge)
Untitled
Intro
- Explain what Bitcoin is ¹ ² ³
- How it works and why it uses so much energy (proof of work)
Problems
- Astronomical energy usage
- Fossil fuel plants have been turned back on to power bitcoin transactions⁴
- Undoing green energy progress
- Between 33-110 TwH ⁶ per year estimated energy consumption
- Large disparity in numbers
- Not all renewable - 39-73% ⁷ (mainly due to hydro)
- Bitcoin itself, compared to other cryptocurrencies
- Slow and inefficient compared to other cryptocurrencies and standard bank transactions like Visa ⁸
- "Wasting" GPUs and computer equipment
Solutions
- Renewable energy
- If it's easy and cheaper, miners will choose it as electricity is their biggest fixed cost
- Building own solar panels ⁹
- Safe investment - can sell to grid if needed
- PoS (Ethereum)
- Explain PoS
- Far less energy intensive
- Difficult to transition - 95% ¹⁰ of miners need to agree
- Will Ethereum overtake Bitcoin - is the first the best or does it not matter?
- Is Bitcoin actually worth its energy usage?
- Huge valuation ¹¹
- Value for energy usage compared to other forms of value generation? Not really...
Links
https://youtu.be/wHr-TAU78wA
Sources
- Guardian: Bitcoin Explained
https://www.youtube.com/watch?v=s4g1XFU8Gto