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It's become commonplace to hear politicians and commentators bemoaning the energy expenditure of bitcoin mining, noting that it consumes more power than certain industries or countries and confidently proclaiming that the bitcoin network performs no useful work.
But recently, an emerging group of scholars has pushed back on this narrative, arguing that in fact bitcoin mining has certain special properties that make it ideal for subsidizing renewable energies. If this is true, it could become an important part of mitigating the effects of climate change.
Tonight we're joined by one of the original scholars advancing this thesis. Troy Cross is a professor of philosophy at Reed University, where he focuses on questions of knowledge and reality. In addition, he is a fellow at the Bitcoin Policy Institute, where you can find his work on energy economics, bitcoin mining, and the environment.
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