Bitcoin is for the People
Sylvain Saurel writes well-researched & insightful posts on topics ranging from bitcoin to personal development to life in general. You can find him on SubStack. This particular article (link below), published yesterday, caught my interest.
The typical negative article about bitcoin of late either focuses on ESG issues or organised crime.
1/ The ESG angle — all proof of work crypto is being addressed by market forces — renewable energy is now cheaper than traditional forms of electricity generation and so, increasingly, supplies mining activities. Indeed, innovative companies like Soluna & Blockchain & Climate Institute are, respectively, spearheading new innovative solutions for pockets of “excess” renewables & applying blockchain technology to more and more sectors. Both are #GameChangers.
2/ As for the oft-stated view that crypto is the “chosen instrument of organised crime”, I’d simply refer to the fact that cash is still king — untraceable (unlike blockchain transactions). And perhaps our leading financial institutions aren’t acting in the best interests of society. $332billion of fines over the last 20 years for financial malfeasance…?
For me, this article just reaffirms my belief that bitcoin is democratising, empowering, liberating & truly independent.
