2024

Bitcoin

<h4><strong>This marks a major shift from the WEF’s 2017 critique of bitcoin mining as ‘dirty’ and ‘wasteful,’ with warnings of excessive global energy consumption.</strong></h4> 
<p>The message shift reflects BlackRock’s evolving view on crypto’s impact and benefits, highlighted by CEO Larry Fink’s <a href="https://twitter.com/TheBTCTherapist/status/1763988652604924382" target="_blank" rel="noopener">role on the WEF Board</a>. Let’s discover more about this important news for Bitcoin mining.</p> 
<h5><strong>Reassessing Crypto’s Environmental Role</strong></h5> 
<p><a href="https://www.weforum.org/agenda/2017/12/bitcoin-consume-more-power-than-world-2020/" target="_blank" rel="noopener">Initial critiques</a> focused on Bitcoin mining’s heavy energy use for solving complex problems to earn bitcoin. The process was criticized for its large carbon footprint due to reliance on non-renewable energy sources. The 2017 predictions depicted it as an unsustainable practice worsening the energy crisis and climate change.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">WEF in 2017:</p> 
 <p>“Bitcoin mining is dirty, wasteful &amp; on track to consume all of the worlds energy by 2020. We must stop it.”</p> 
 <p>WEF in 2024:</p> 
 <p>“Bitcoin mining is clean, creates jobs, and is powering chocolate factories in the African rainforest.”<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f36b.png" alt="🍫" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <a href="https://t.co/Sthl728wLE">pic.twitter.com/Sthl728wLE</a></p> 
 <p>— Luke Mikic<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1fb.png" alt="🇸🇻" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1fa.png" alt="🇦🇺" class="wp-smiley" style="height: 1em; max-height: 1em;"> 9-5 Escape Artist (@LukeMikic21) <a href="https://twitter.com/LukeMikic21/status/1763992840227405989?ref_src=twsrc%5Etfw">March 2, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>However, recent developments in the Congo present an intriguing counter-narrative. Bitcoin mining is now strategically used in conservation, turning it from an environmental liability into a tool for ecological protection. These initiatives use blockchain’s transparency and security to enhance funding and efficiency in conservation projects.</p> 
<p><a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> mining’s shift from environmental foe to conservation ally reflects the evolving perception of cryptocurrency’s potential. It shows a growing awareness that thoughtful, innovative tech use can positively address societal and environmental challenges. The Congo forest initiative showcases blockchain’s potential in aiding crucial conservation efforts.</p> 
<p>As the world continues to grapple with the dual imperatives of technological innovation and environmental sustainability, the story unfolding in Congo’s national forests offers a compelling example of how these goals can be aligned.</p> 
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<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/wef-shifts-stance-bitcoin-mining-now-protecting-congos-wildlif/">WEF Shifts Stance: Bitcoin Mining Now Protecting Congo’s Wildlif</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

WEF Shifts Stance: Bitcoin Mining Now Protecting Congo’s Wildlif

Altcoin Buzz

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