Author: Anton Ragin 2021-05-17 13:53:24
Published on: 2021-05-17T13:53:24+00:00
The discussion is centered on the proposal of introducing green miner certifications in Bitcoin mining. The author argues that this is not centralization as different miners could use different standards and certifications for 'green' status. The certification would create a small incentive to move towards green energy, but miners who choose to run dirty energy will still be able to do so. The author also suggests an option to have some transactions encrypted in the mempool to allow users control over who mines their transaction. This functionality could have uses beyond 'green miners', such as preventing quantum computer enabled attacks or supporting small independent miners.The author acknowledges that climate change and Bitcoin energy consumption are controversial issues, but believes that it is important to discuss ideas that might make Bitcoin a better solution for users who care about certain things, without making it worse for somebody else. The author argues that voluntary carbon offset markets are growing fast and there is potential for economic advantage in implementing green mining practices. There is disagreement in the thread, with some arguing against the proposal and claiming that it is unnecessary or even harmful to Bitcoin. Some argue that there is no such thing as carbon credits on a free market, and others claim that there are no environmental concerns once you understand how Bitcoin and the free market work. However, the author maintains that environmental concerns are real and worth discussing openly in an open forum.
Updated on: 2023-06-14T21:53:12.914985+00:00