Blockchain will cause an energy revolution in our near future. Are we as a planet prepared to power this new currency?
Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior to this she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition including the Aviva Women of the Future Award and Forbes 30 under 30.
Tara Shirvani is an infrastructure specialist passionate about leveraging technology and finance to drive impact in the developing world. She manages the green infrastructure portfolio at the European Bank for Reconstruction and Development. Prior she was at the World Bank and UNDP having graduated from Cambridge and Oxford University. Her work has received international recognition incl. the Aviva Women of the Future Award and Forbes 30 under 30. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
28 Comments
Summary: Proof of Stake
missing out so many fundamentals in her speech, her figures are based on ineducation
pretty bad for TED to publish this to be honest!!
There is no doubt about huge energy consumption in bitcoin mining. This may impact adoption. A possible solution is to build a mechanism within bitcoin which allows taking some percentage of transaction fees as cess for supporting renewable energy projects. If you can pay exorbitant fees for your transaction then you can also pay 5 percent of that fee for renewable energy. These funds should flow to renewable energy projects in developing and poor countries. This should be continued till there emerges a really cheap renewable energy source or technology.
Why are you talking about fueling the system, the lack of green fuel isn't the problem, the problem is the wasteful system itself
She have absolutely no idea what she is talking about, it's a shame that TEDx didn't fact check this talk before publishing it..
Global Warming Coins 🔥
2 years ago, hopefully this is all behind her, else she should read more!
We are so F@#^&!
Would bitcoins energy usage be offset if all the banking computers, servers massive administration buildings, ATMs, banking kiosks and untold banking related infrastructure came to a halt?
2021 and Cardano, Polkadot and others are proof of stake, Bitcoin and Etherium not so much 🤷♂️
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Proof of work gives power back to individuals, POS is centralized & controlled by wealthy elite.
The future of Cryptocurrency lies in the hand of POS. It just needs some time to see the clarification for people.
Yes, In my understanding proof of stake is the best option to sustain the crypto future renewably.
Computer was invented to Solve problems of Humans . but any time soon the'll become problem itself.
10 minutes not 8 minutes
Truly eye opener. Health of planet is most important than health of economy. I am staying away from crypto.
The main problem is inequality
If the world went into blackout, cryptos are useless.
What happens when a massive solar wind hits earth.?? 🥴
XRP will change Lives!
I suspect people who dont have access to banks likely dont have access to a mobile/computer to have a crypto wallet
Well detailed explanation from your side mam! Proof of stake should be the future of cryptocurrency. Already there is deforestation, climate change more and more there,we are not supposed to make environment more complicated.
If anyone is interested, there is a crypto currency based on POS which holders get paid in Carbon credits when transactions are moved away from the BTC blockchain due to the energy difference. It's a world first. The aim is to influence the market away from POW and BTC. It's still in its early stages but has huge potential. It's called CRI (Carbon Reduction Initiative).
all those central bank registers… need to be connected to power, 24/7… is cash really that great? the power providers want certain devices to pull power at a constant rate because it helps them safe money, while power consumption needs to be paid for by customers, thats not doing anything for the business! having said all that… i love cash… also, most atms are available 24/7, they need power, an atm is so common, they are on every block, on every street, you will find them everywhere, per bank at least one in your hometown, if not more…
very simple to understand.
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