Bitcoin

Bitcoin; A Bull Argument for the Environment

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DISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. I am obviously not rich, so obviously I haven't made it with my own thinking, so definitely don't put faith in me. But maybe read and learn some things about a cryptocurrency's possible path forward.

Further disclaimer, I am not pro- or anti-Bitcoin, I remain neutral. I think Bitcoin was a genius thesis, but there are several crippling issues that are being resolved as other cryptocurrencies, and the crypto-network is further developed. This is an argument pro-Bitcoin in a method to establish narratives for mining companies as the bitcoin-energy demand.

Thesis
The basic argument follows as this: Bitcoin mining companies that are publicly traded can be invested, and controlled, by their energy platform. As cryptocurrency continues to expand, and the publicly traded mining companies fall more into a focused field with consolidation creating a healthier environment, expansion on the major crypto-miners that would correlate well to the old-world mining companies, or perhaps more comparable to exchanges where investors would invest in an exchange (thus helping it grow) that has rules and protocols that they support; capital allotment via publicly listed companies share offerings for funding business growth and platform development is the solution to the energy critique of bitcoin and all crypto-mining.

Current Bitcoin bulls (looking at ARK et al) suggest that mining bitcoin requires a stable energy production platform that is supported by modern energy production methods that are more green and sustainable than coal burning. This is erroneous and nonsensical. Especially looking at China where the greatest amount of mining companies are, combined with their disastrous environmental policies and dirty coal burning, it is clear this argument is theoretical and not practical. However, tying energy-use to the mining companies intrinsic worth (and market capitalization) is a natural method for developing clean energy for cryptocurrency mining.

Should company A offer shares of their publicly traded stock for the express purpose of building solar, wind, water or net-zero energy production (Hello Gevo), such that the energy used to mine the underlying asset is sustainable, then that company is rewarded via a high market cap. Furthermore, as the Centralized Finance aspect of cryptocurrency is refined, allowing for sourced-bitcoin purchases, the ability to control the energy used to mine bitcoin becomes feasible. Bitcoin, and cryptocurrency, is in a unique and intelligent place of having an underlying barcode for each bitcoin such that it can be tracked from birth. Tying these barcodes to the mining-source is a great way to promote green-crypto.

Actuality
A common argument circling Tesla's/Elon's derivative against Bitcoin is allowing the solar roof and solar battery pack to be using excess energy for bitcoin mining tied right into the system. While I think this idea is awful as it gives Tesla too much power and control over any single Crypto-market (allowing early adopters and wealthy investors just another source of income), the fundamentals remain. Reward mining companies or prospective mining companies to turn to renewable sources. If I was rich, and a businessman, I would make these moves now, go to market or VC for some influx of capital, partner with any one of the hundreds of renewable energy groups, make myself a crypto-farm, go IPO and build up a carbon neutral (or negative for even more results) crypto mining company. If you do this, it works, you get rich, donate money in my name to homeless shelters. If you do this and it fails, hope someone else did it, it worked, and donated a lot of money to homeless shelters, but don't contact me.

Disclaimer
This was a dumb little post with one specific argument made. I will not be making many idea posts like this, but feel free to comment with some further ideas. The greatest ability humanity has evolved, is communication. You never know when something might strike gold (or bitcoin). Chill, enjoy, live, love, laugh and get a COVID vaccine. Thanks.

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