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That's not how markets work. Maybe on short term. If the demand for green energy is increasing due to Bitcoin, the production will also increase because it will
by G3rn0ti 5y ago
That's not how markets work. Maybe on short term. If the demand for green energy is increasing due to Bitcoin, the production will also increase because it will drive profits of green energy producers.
- shagie 5y ago> If the demand for green energy is increasing due to Bitcoin I would much rather that the demand for green energy increase due to a desire to transition away from other energy sources. If the demand for energy is increasing and being met with green energy without removing the other sources of energy, that's not entirely a win in my book.
- DangitBobby 5y agoIt's more complex than that, but it's pretty much how the energy market works. Saying BTC only spends a special kind of sanctioned energy is magical thinking. Why does BTC increase demand for green energy but not other kinds of energy? Or does it increase demand for all types of energy available in the grids in which it's generated?