Conversation

1) Some thoughts on astralcodexten.substack.com/p/peer-review-: (Data not yet verified! DYOR.)

168

Aug 19, 2021

2) Obviously I looked at the BTC piece here. It's 'efficiency' is 79--meaning 1 BTC is worth about 79x how much it would cost to offset the carbon from being mined. All BTC existing have ~363. (Roughly in line with our calcs.) How does this compare to other activities?

SBF

@SBF_FTX

Aug 19, 2021

3) It's sort of middle of the road. The climate impact relative to value is smaller than: --Netflix, showers, AC, cheeseburgers, planes, ... On other hand, it's *worse* than: --Buses, Amazon, skyscrapers, Google, fighter jets, ...

SBF

@SBF_FTX

4) BTC uses energy! That causes global warming! But not more so than most things do, relative to its value/impact/price/etc. Which I think lines up.

9:24 PM · Aug 19, 2021Twitter Web App

Replying to

5) It's important for the crypto industry to work towards going green! FTX has taken a first step: ftx-climate.com But it's not particularly more relevant for crypto than for the average industry.