And it doesn’t look like that. Bitcoin’s value soared to a record $ 44,000 last week following the announcement of the American billionaire and businessman Elon musk that’s a car company Tesla will invest a lot in bitcoins. I screamed for the criticism mill, because Elon Musk isn’t aiming for a green image with his electric Teslas and other projects?
“Bitcoins are anti-efficient,” he says David gerhard, bitcoin expert and author of “Attack of the 50ft Blockchain” to the BBC. Technically, there are solutions that consume less energy. “But more efficient hardware will not help, it will only compete with other efficient hardware. This means that the use of bitcoins, and therefore their CO2 production, will only increase.”
“Tesla received $ 1.5 billion in green subsidies, funded by the taxpayers. It is now investing $ 1.5 billion in bitcoin, which is powered by electricity derived primarily from coal.” Gerhard believes that this grant should be investigated.
Does Gerhard see a solution? A tax on digital currencies could somehow offset the negative impacts, he suggests.
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