The increasingly popular blockchain technology is being used for conservation finance purposes, but it comes with some significant downsides, both functional and environmental.
The “mining” process for popular cryptocurrencies, such as bitcoin, is highly energy intensive, comparable to the annual electricity usage of entire nations.
Journalist Judith Lewis Mernit and author Brett Scott join the Mongabay Newscast to discuss the these environmental impacts, complications, and the relationship of our financial systems with our ecological ones.
In this episode of the Mongabay Newscast, Brett Scott, author of Cloudmoney: Cash, Cards, Crypto and the War for our Wallets, gives a brief history of blockchain technology and cryptocurrency. He explains the touted value proposition of the technology and the complications and downsides it poses, specifically for conservation. Journalist Judith Lewis Mernit joins to discuss her recent reporting in Yale Environment 360 on the bitcoin mining surge...
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https://news.mongabay.com/2022/08/podcast-blockchain-for-conservation-maybe-b...
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