On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin's environmental concerns continue to rage.
Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that he would only deal with “clean coin” — coins mined using renewable energy — from now on, and suggested other institutions were starting to do the same.
O’Leary took aim at the free-wheeling nature of Bitcoin production by pointing out that most other products in the world are manufactured according to institutional and regulatory compliance standards. O’Leary said, during an interview with CNBC:
“We have compliance on large institutions, we have covenants on how assets are made, whether carbon is burned, whether there are human rights involved, whether it's made in China.”
Every example listed by O’Leary is one that applies to the world’s largest Bitcoin mining — China, where cheap coal-fuelled electricity accounts for an estimated 50–65% of the overall Bitcoin hash rate. No one wants to buy Bitcoin that originated from China, says O’Leary, who suggested institutions were beginning to seek “virgin” coin, that can be traced back to an environmentally ethical source.
“All of these issues have now come to the fore on Bitcoin. Institutions will not buy coin mined in China; coin mined using coal to burn for the electricity; coin mined in countries with sanctions on them. And all of a sudden there’s this huge demand for virgin coin with the provenance known,” said O’Leary.
Eventually, the zeitgeist will come to know two different types of Bitcoin: blood coin, and clean coin, O’Leary said:
“This is a really interesting problem, and I see over the next year or two, two kinds of coin: blood coin from China, and clean coin mined sustainably in countries that use hydroelectricity, not coal.”
O’Leary said concerned would-be investors regularly ask him about the source of Bitcoin, and whether its production met contemporary western standards. The investor said that from now on he would only be dealing with clean Bitcoin.
https://ift.tt/3dxY91a
Comments
Post a Comment