Electric Money
Perspectives on Bitcoin, energy, and the environment

Bitcoin is our chance at a more equitable and sustainable world.

common questions

why does bitcoin exist?

Short answer: The promise of Bitcoin is to provide us with a better, fairer money. Bitcoin was released amidst the Great Financial Crisis, when the chasm between the Top 1% and Bottom 99% grew rapidly and the fragility of our financial system was revealed yet again. Bitcoin promises to help stabilize our economy, reverse decades of neglect of the lower- and middle-economic classes, and provide everyone with a means to save their life’s work in a secure currency.

Longer answer…

why does bitcoin use so much energy?

Short answer: Bitcoin is forged from energy through a process called “Proof of Work.” This ensures bitcoin is and remains sound, fair, and honest, because it forces everyone to play by the same rules—energy cannot be printed by central banks or gamed by politicians. The expenditure of energy is the specific solution to the problem of corruptible money.

Longer answer…

what effect does bitcoin have on the environment?

Short answer: Bitcoin’s energy use is transparent and measurable; currently, almost half is from renewable sources. Importantly, Bitcoin is uniquely positioned to aid in our transition to renewable energy because it can help stabilize the power grid. By bringing Bitcoin to the source of power, we can more efficiently bring the power to us; this is a major technological leap in human history and could help bring energy access to every person in the world.

Longer answer…

References & Further Resources

A Progressive’s Case for BitcoinBook5hr 0mApr 2023Jason Maier
A Progressive View of BitcoinPodcast2h 17mMar 2022Margot Paez
Bitcoin Energy MarketsPodcast1h 57mApr 2022Shaun Connell
Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why.Paper1h 21mJan 2023Lyn Alden
Acting On Climate Change – Now!Podcast1h 12mAug 2022Daniel Batten
Bitcoin Net ZeroPaper1h 10mSep 2021Ross Stevens, Nic Carter
Comments on the White House Report
on the Climate Implications of Crypto Mining
Paper37mSep 2022Nic Carter
Bitcoin’s Role in the ESG ImperativePaper30mJul 2023KPMG
Impacts of Large, Flexible Data Center Operations
on the Future of ERCOT
Paper30mJun 2021Joshua Rhodes, PhD, et al.
Riot’s Response to NYT StatementsPaper18mApr 2023Riot Platforms (Bitcoin Miner)
Bitcoin Mining & The GridPaper18mApr 2022Blake King
Letter to the EPAPaper15mMay 2022Bitcoin Mining Council
Bitcoin Does Not Waste EnergyPaper14mAug 2019Parker Lewis
Why Bitcoin Uses EnergyPaper13mMar 2022Pete Rizzo
Bitcoin’s Energy Consumption DebunkedPaper9mAug 2021Emily Faria
Everything You Need to Know About Bitcoin and
the Environment
Article9mJul 2023Jonathan Buck (Forbes.com)
The Absurdity of NYT’s Latest Bitcoin Hit PiecePaper7mApr 2023Margot Paez (Bitcoin Policy Inst.)
Can Bitcoin Become Carbon Negative?Tweets7mSep 2022Daniel Batten
Responding to Bitcoin Energy FUDTweets6mJun 2022Darin Feinstein

who uses bitcoin?

Human Rights Foundation. Elon Musk. Michael Saylor. Ted Cruz. Ritchie Torres. Bhutan. El Salvador.

Bitcoin is free, open-source software.

Download it and see the blockchain in action.