Friday's Too Good Not To Share: April 16, 2021
Just wanted to take a moment to acknowledge the pain many of us are feeling right now. As the world begins to open back up, we’re realizing that there is much more work to be done in our society.
Some may be asking why, some may feel helpless, and even more are becoming numb to cope.
Continue to cling to goodness. You may not be able to change the world but you can always change the universe inside of you.
Every Friday, I share other great content (with some added context) to dive into over the weekend.
Like what you’re getting from this newsletter Framed Perspective? Share with a friend!
A Closer Look at the Environmental Impact of Bitcoin Mining
You may have heard by now that mining bitcoin takes a TON of energy. Like an unbelievable amount. It takes more energy to mine bitcoin than it does to power all of Sri Lanka or Jordan.
From TechCrunch,
According to the University of Cambridge’s bitcoin electricity consumption index, bitcoin miners are expected to consume roughly 130 Terawatt-hours of energy (TWh), which is roughly 0.6% of global electricity consumption. This puts the bitcoin economy on par with the carbon dioxide emissions of a small, developing nation like Sri Lanka or Jordan. Jordan, in particular, is home to 10 million people.
But what does this really mean?
Christopher Bendiksen of CoinShares takes a closer look at the environmental impact. He presents a fascinating case.
Using Proof-of-Work as a decentralized clock also generates an excellent side-effect. It makes counterfeiting and record tampering prohibitively costly. Writing a fraudulent history is as costly as writing a true one, and so in order to create a dishonest timechain, a malicious actor must expend more energy on the task than the entire honest network combined.
With that as context, another way to think about Bitcoin’s overall electricity use is like this: When you hear phrases like ‘Bitcoin uses as much electricity as Norway’, what this means in practice is that if those pesky conspiring Norgies wanted to get together and mess with Bitcoin’s transaction record, even if they mustered the country’s entire electricity supply, they would stand absolutely no chance of pulling it off.[3]
Read more here.
Two Movies I’m Excited About: Army of the Dead and Fast & Furious 9
Summer movies are back baby! I don’t expect either of these movies to be “good” but I know they’ll be entertaining.
I’ll have my popcorn ready 🍿.
Watch the trailers here and here.
The Resilience of Costco
I love Costco. I love deep dives. I love interesting information. The brilliant team at Mine Safety Disclosures took the time to tell you why Costco has been able to survive the pandemic.
It’s definitely worth the scroll. See the full deck here.
Leave today better than yesterday ✌️.
Bonus: How People Get Rich Now