Market Lab Report - FAQs re: Bitcoin Energy Consumption/Elon

Published:

13 May 2021 15:34 ET

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.

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

Also:

https://twitter.com/SBF_Alameda/status/1392724490933575683?s=20

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