Part 8/11:
Livingston addresses the common criticism that Bitcoin wastes energy — a narrative often pushed by environmental advocates and media. He counters with stark comparisons, revealing that gold mining inflicts environmental destruction: cyanide spills, land devastation, and mercury poisoning. Bitcoin mining, largely powered by renewable energy sources like hydro in Iceland, actually incentivizes the growth of sustainable energy infrastructure and turns wasted power into digital gold.
He suggests that Bitcoin’s environmental footprint isn’t just negligible but potentially beneficial by exposing inefficiencies and encouraging renewable development.