“Green Your Bitcoin” Calculator + Whitepaper from Troy Cross & Andrew Bailey (Resistance Money)
https://ift.tt/WGewzN8
In the podcast, Peter McCormack’s mind is blown and he talks about connecting Troy with people in the community like Michael Saylor and even Nayib Bukele to try to spread the word. Excited to see if Fidelity, which has been surprisingly pro-Bitcoin already, or any other financial institution, sees the value in this idea for this financial product (referenced in the whitepaper as a “Green Co-Investment Instrument” or “GCI”) down the road. This would make it instantly possible for you to figure out what amount of green mining would be needed to offset your own holdings, and then without having to do any mining yourself, you could invest however much you need to into the GCI in order to be carbon neutral (or better).
Big implications for the financial industry if this sort of product is built and adopted. Even without the financial instrument being created, if this idea of green mining to offset carbon impact of Bitcoin holdings catches on within the ESG community, it could have massive impacts to adoption at an institutional level. This is the exact sort of idea/realization that properly aligns incentives to create win-wins for everyone — something every Bitcoiner likely can appreciate given how the network itself already aligns incentives all over the place so spectacularly.
[What Bitcoin Did Podcast w/ Troy Cross](https://www.youtube.com/watch?v=bFYKq5Qe1Bs)
[Green Your Bitcoin Calculator](https://ift.tt/zl8LCsy)
[Whitepaper](https://ift.tt/faWytKx)
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