ESG

G0DL33

Again, you are late this cycle, but are thinking long term anyway. HBar, Hedera has a unique BFT ledger with potential for enterprise adoption. It fits the ESG narrative and works well. Algo, is another bet in this space. PPoS instead. Render, distributed compute network. I think there could be massive lomgterm flywheel potential here. AI boom displaces workers>Displaced workers sell compute>AI booms... There are plenty more. Have fun.

doives

No it's not. Ethereum and Bitcoin are different assets. Plus, Microsoft is heavily involved with ESG, and Bitcoin doesn't score too well on that front. Staking ETH generates cashflow, which is much more interesting than just holding an asset. Especially at scale.

foreycorf

>"Don't worry, in a few years, when the price of ETH borders what the price of 5ETH are right now, the average joe with a spare 20kUSD can run a node from their phone for only 1ETH (as long as they get approved by our centralized node approval system)! Nevermind that by this point it will be more overrun with multinational corporate influence and more in-league with organizations like the WEF. Oh you can't afford that? Don't worry, your overlords at Lido or AWS will run node-pools you can join in on (we promise you will get a governance vote in proportion to your stake, honest)! This is Decentralization-as-a-Service™, brought to you by AWS and Blackrock. You will stake nothing and you will be happy!" Obviously this is hyperbole, but this is the impression that ETH "decentralization" gives off these days. It's more a thin veil of anonymity for the obvious controlling partners than anything else. Realistically even if we can't identify every single node, if the data we *have* suggests 3500 of the 4100 nodes currently showing up on ethernodes are based in the US (most likely on AWS and similar platforms), it's a pretty good bet things aren't *that* decentralized. Especially with an actively governing body in control. Now one thing I *do* agree with you about is the tech. It's great tech. World-changing tech. The problem is the tech guys were too good at making world-changing tech and the people who (effectively) run the world saw that and couldn't let it happen without their "guidance." Now we live in a world where large portions of "decentralized" control can be bought on a whim by J.P. Morgan and the WEF shills Ethereum as the ESG crypto option of the future (nevermind the 5 years of mining and all the AWS-type infrastructure it takes to keep Ethereum afloat now). In any case, I was only picking at your reasoning of decentralization. I think ETH will still make people lots of money and it's good tech. I sold all mine last bull run and haven't looked back, but that's on principle more than financial reasoning. My thinking is *nothing* is really decentralized in the way Bitcoin is. and probably nothing will be again. Staking is an inherently centralized way of governance. It incentivizes getting in early or being rich enough not to care about that. I don't argue that people who got in early shouldn't have a say in things; I'm just pointing out it's rather centralized. On the whole I don't think people mind having centralized governing bodies in a company they want to make money or a product. People want someone to bless when things go well and to blame when things go wrong. There's nothing inherently wrong with centralized governance, people can always vote with their wallets when they don't like something a company does. In my view IDC if a project is centralized if they can deliver on what they're promising. There is, however, great value in having decentralized infrastructure. The reason they can't kill Bitcoin is *SO MANY* people are involved on an individual and mining-farm level. Take a farm out in Russia and there's literally 200 more running somewhere close by relatively anonymously. With Ethereum, just control/coerce 3 of the top node operators and you could seriously cripple the network. Obviously it's more complicated than that but you get my meaning.

Myomyw

I suppose I was counting "😂😂😂 Youre joking right" and "come on bro" as unnecessary to the conversation. All that aside... Well, now you've got me opening up the project 2025 pdf and working through all 109 mentions of the federal reserve. It seems to mainly criticize low interest rates and haphazardly printing money. Some quotes (I hope you read because this took too long): *Public control of money creation through the Federal Reserve System has another major problem:* ***Government can abuse this authority for its own advantage*** *by printing money to finance its operations* *Hence, even if there is a built-in bias toward inflation, that bias is worth it to avoid the pain of economic stagnation. This accommodationist view is wrong. In fact,* ***that same easy money causes*** *the clustering of failures that can lead to a recession. In other words, the dual mandate may inadvertently contribute to recessions rather than fixing them.* *An example from the COVID-19 pandemic is the Paycheck Protection Program, which sustained businesses* ***far more effectively than near-zero interest rates****, which mainly aided asset markets and housing prices.* (Clearly criticizing low interest rates here) *A primary driver of higher costs during the past three years has been the Federal Reserve’s purchases of mortgage-backed securities (MBS). Since March 2020, the Federal Reserve has* ***driven down mortgage interest rates*** *and fueled a rise in housing costs by purchasing $1.3 trillion of MBSs from Fannie Mae, Freddie Mac, and Ginnie Mae.* *Additionally,* ***political pressure*** *has led the Federal Reserve to use its power to regulate banks as a way to promote* ***politically favorable initiatives*** *including those aligned with environmental, social, and governance (ESG) objectives....* (appears to be mandating less political influence here)

Hot_Permission_6202

> Most Bitcoin gets mined in China. If a frog had wings he wouldn't bump his ass hopping. I'm not sure how this is relevant to the discussion or what you mean by this. [However, after China banned Bitcoin mining, it looks like the US is the dominant mining power with China being a close second as of 2022.](https://ccaf.io/cbnsi/cbeci/mining_map) Unfortunately, I couldn't find a more up to date source. > How much of BTC is mined with electricity created from fossil fuels....just guessing. Roughly...all of it. This is probably true because [81.5% of the world's energy comes from fossil fuels.](https://www.instituteforenergyresearch.org/international-issues/2023-set-records-in-global-fossil-fuel-use-and-carbon-dioxide-emissions/) By this same logic, electric vehicles are also bad for the environment because they indirectly use fossil fuel. I stand by my original statement of "Bitcoin _can_ actually be great for the environment when the _right power sources_ are used." Bitcoin miners are incentivized to use the cheapest source of electricity. Bukele is launching Volcano Bonds, which are [backed by the proceeds generated from geothermal Bitcoin mining operations. This unique feature ensures that the investment aligns with environmental, social, and governance (ESG) principles.](https://medium.com/coinmonks/el-salvador-launches-bitcoin-bonds-a-paradigm-shift-in-financial-evolution-76df294799d5#:~:text=Notably%2C%20the%20%E2%80%9CVolcano%20Bonds%E2%80%9D,and%20governance%20(ESG)%20principles.) If and when renewable energy becomes cheaper than fossil fuels, Bitcoin miners will be incentivized to use those cheaper energy sources to keep their production costs down.

Maticus

Blackrock is the purveyor of ESG bullshit, so when they're now making over eight figures custodying bitcoin for normies and boomers, they're not going to say shit...

Sea-Caterpillar-1700

Wait till you go down the S in ESG rabbithole.

GraDoN

Sure, they are not literally sitting on the money, they invest it in the market... on behalf of clients. The majority being in passives where they literally do just sit on the money as no active decisions are being made. If you invest in the MSCI ACWI at BlackRock, that is what you get, they make no active decisions throughout the investment. It just tracks the MSCI ACWI. And their agenda is to make their clients money, which makes them popular, which in turn increases their AUM and thus the fees they earn. That's all. ESG is getting increasing popular among investors so obviously they will up their ESG offering. It's not that deep.

dimika118

Net zero is hardly 'just ESG' considering that we are talking about a complete remodeling of the way we are producing and consuming energy by 2050, something BLK is very big on. It's a slow and steady process they are working on and although they would say they are doing this because pursuing ESG goals will bring long term value to their clients (which is probably true), fact is, as the world's largest asset management company, they have a way to influence this outcome by channeling trillions towards this goal. Also worth noting here is that net zero isn't a goal countries are equally equipped to pursue. Developed countries will have a much easier job of implementing the infrastructure needed, will hold the technology etc, meaning that this will come at the expense of emerging and developing countries who would be much better off using traditional ways of producing energy. Guess you could call that an impact on a global trend. It is also hardly 'just creating a crypto ETF' since they are the third largest holder of BTC after 9 months of launching the ETF. This is also sending a strong message to the rest of the market and increasing overall belief in crypto as they have gained a reputation of making successful investments, to say the least. I guess that refusing to invest in certain jurisdictions due to political reasons doesn't need further explanation. It's an impact on global economy per se, as trillions are being used to support companies located in countries who are aligned with a certain political agenda. Add being an advisory to FED and a large number of central banks in the aftermath of the 2008 crisis to that list. They have a major role in the increasing presence of risk assessment in investment strategies worldwide. The fact that they are investing mostly in larger companies also brings stability to this economic ecosystem they are deciding to support with their clients' money, so there's that as well. Like I said, they are hardly impartial to the political nuances of this world, but I guess the impact here is largely indirect, rather than direct, considering that they are doing this in order to bring value to their clients.

GraDoN

Okay... that's just ESG. And creating a crypto ETF. Calling those things worldwide trends is hilarious. As if those things have had some insane impact on the global economy... what are you going to tell me next... that they invest mostly in larger companies?!?! Oh the humanity!

ddbbccoopper

Maybe because ETH shot its wad already. World computer... ESG PoS play... (*Obscure-world-city)* upgrade... bitcoin killer... etc. etc. etc.

YoMamasMama89

**Bitcoin BR**, an *ESG-compliant* fork, controlled by BlackRock, coming soon to an exchange near you

ddbbccoopper

ETH has pivoted so many times they are out of options. World computer bitcoin killer, PoS ESG scam, ETF runner up, etc. etc. Vitalik's shot his wad too many times that the next (-exotic world city name-) upgrade is no different than the little boy crying wolf.

JustinPooDough

British HODL said it best on an episode of Simply Bitcoin: Blackrock is going to make Bitcoin ESG 2.0. They are going to add it to everyones asset allocation ETF's, and they are going to promote direct investment. FWIW, British HODL has a much more grounded perspective on Bitcoin than Simply Bitcoin - his background in commodities trading helps.

Wrong-Put

Stick to bitcoin. Stack regularly. Don't sell. Picked this up from Bridge2Bitcoin Below is a series of materials to support your personal Bitcoin education journey, by the way I don't know anyone who has done 100+ hours and decided Bitcoin doesn't make sense.. They are prioritised to provide the best learning for given time commitments. They are also categorised by type - learning course, audio, video, written so that you can choose your preferred medium. * indicates recommended optimum approach - ** Start with this item. Initial target - 20 hours, strong recommendation to do the learning course. Learning course* (12 hrs) - Bitcoin for Everybody Video** (10 mins) - What Is Bitcoin Video* (6 x 10 mins) - The Genesis of Bitcoin Video* (45 mins) - A Sly Roundabout Way Video (60 mins) - Ex Nihilo: The Truth About Money Video (30 mins) - Could Bitcoin Fix Education Video (90 mins) - How the IMF & World Bank Exploit Poor Countries with Alex Gladstein Audio* (8 x 60 mins) - Bitcoin Basics Audio (30 mins) - Bitcoin - A Quick & Dirty Explanation Book (10 hours) - The Bitcoin Standard Book (10 hours) - 21 Lessons Book (10 hours) - The Bullish Case for Bitcoin Book (10 hours) - The Principles of Economics Book (10 hours) - Broken Money Paper* (2 hours) - Bitcoin's role in the ESG imperative Hope this helps

perfect5-7-with-rice

They can fuck around with buys and sells all they want, but unlike securities they can't issue or buyback shares and they can't tell Bitcoin to move towards ESG

rasman99

WOW, now that's a crisis compared to banks, right? "Penalties for failing to comply with anti-money laundering (AML), KYC, environmental, social, and governance (ESG), sanctions and customer due diligence (CDD) regulations totalled $6.6bn in 2023, up considerably from $4.2bn in 2022 and $5.4bn in 2021."

ZehroAA

ESG stocks are likely more your cup of tea.

tianavitoli

it's the same thing, but yes. [https://www.forbes.com/sites/digital-assets/2023/09/21/why-bitcoin-mining-might-actually-be-great-for-sustainability/](https://www.forbes.com/sites/digital-assets/2023/09/21/why-bitcoin-mining-might-actually-be-great-for-sustainability/) *In a recently published* [*report*](https://advisory.kpmg.us/content/dam/advisory/en/pdfs/2023/bitcoins-role-esg-imperative.pdf)*, KPMG makes the case that bitcoin can serve a number of ESG functions—from stabilizing power grids and driving investment in renewables to monetizing stranded energy and capturing methane. The paper coincides with new research from Cambridge University and Bloomberg Intelligence that reveals bitcoin’s environmental impact to be much smaller than previously thought.* *And it comes just weeks after BlackRock—the largest asset manager in the world and one of the leading proponents of ESG—announced that it had filed for a spot bitcoin ETF.*

CyberCurrency

DEI? You mean ESG?

Delicious_Ease2595

Bitcoin is ESG according to Blackrock. Pseudo environmentalist can't do nothing.

KarmaComber

Blackrock own lots of company shares through pension funds (maybe even yours!) and use the share voting rights to push ESG and stakeholder capitalism

tbkrida

It actually does make sense and is true. Larry Fink of Blackrock was the main person pushing the ESG message. Their comment is about the outsized influence of Blackrock.

DeFiBandit

Look up how white and male dominated our society was and you’ll understand where ESG policies come from

PapaDragonHH

Big wealth = massive influence on politicians and governments Why do you think companies all over the world suddenly went full retard on diversity? Look up ESG and who pushes it, and why big corporations are almost forced to follow and implement ESG policies.

scottonfire

No, ESG is the scam OF CONTROL.

Financial_Design_801

Bitcoin is the only ‘ESG’ everything else is a scam

Bred_Slippy

He's more interested in the fees (at least short term), and tokenisation of assets (longer term). His big idea of ESG funds are now failing, so he needs a new exciting area (BTC) to grow revenues and keep in the news (and if BTC goes up, so does his fees).

HODL_monk

Its just you, this huckster is just looking to sell some Bitcoin ETF to his boomer buddies, and collect some sweet custodial fees. He doesn't care, or probably even understand Bitcoin, he's too busy tisk tisk-ing Bitcoin and others for not being ESG enough.

Conto87

I’m a BTC and crypto fan and all, but i’m having abit of contrary thoughts atm. On one hand, money printer will go brrr to pay rent on government febt = more liquidity in the market which is good for assets like BTC. Other hand, I also believe that inflation will remain high due to ESG and increasing trade tariffs. BTC is currently below the 200SMA (daily). This didn’t happen last two cycles when btc was in a bull market. Only last cycle it eventually pushed back up again for a double top. The arrival of the ETF’s can also change dynamics. Big tech is still performing pretty well and is kinda inverse corrolated to btc atm.

No_Maybe_2312

Is this what laid the foundation for companies like Black Rock to use ESG initiatives to force their ideology on the American people?

Common-Wind-963

My guess is miners and the corporations that own them have to report ESG goals, and they buy power contracts from utilities or independent power producers

HODL_monk

Its not a matter of how much energy it uses, but WHOSE energy is being used. When you print money, the government isn't investing less energy than Bitcoin in new purchasing power, its STEALING TIME FROM US. This is key. It actually doesn't matter if your theft is more ESG than honesty, its THEFT, and its always wrong, regardless of energy use, or anything else.

predatarian

Comparing the energy use of banking and Bitcoin as if they are competing for the same energy is the wrong approach and it won't win you the argument. You have to make clear that it's not about the amount of energy but the type of energy. Bitcoin is global,mobile and modular. This makes it the only industry that can operate anywhere at any scale for any time period. This creates solutions where there were none. A few examples are methane capturing and water desalination. A high Bitcoin price can potentially [reduce the cost of drinking water for people in Africa.](https://bitcoinmagazine.com/technical/how-bitcoin-improves-water-abundance-in-water-scarce-nations#:~:text=However%20desalination%20is%20carbon%2Dintensive,otherwise%20would%20have%20been%20wasted) A high Bitcoin price makes it profitable for countries like Turkmenistan to capture methane instead of venting it. TLDR: Bitcoin is the missing piece of the ESG puzzle. It makes saving the planet profitable. Banks can do none of the things above because they are not mobile, modular and global. They are stuck in densely populated areas competing for limited amounts of renewable energy resulting in more fossile energy production. Bitcoin mining results in more renewable energy production.

JYoungSocial

Key line regarding renewable usage: "Despite their high energy usage, Bitcoin mining is currently the only primary global industry powered mainly through sustainable energy. In January, The Bitcoin ESG Forecast revealed that sustainable energy use in Bitcoin mining has increased to a new all-time high of 54.5%, with sustainable mining rising by 3.6% overall during 2023."

predatarian

It's not about the amount of energy but the type of energy. Bitcoin is global,mobile and modular. This makes it the only industry that can operate anywhere at any scale. This creates solutions where there were none. A few examples are methane capturing and water desalination. A high Bitcoin price can potentially reduce the cost of drinking water for people in Africa. A high Bitcoin price makes it profitable for countries like Turkmenistan to capture methane instead of venting it. TLDR: Bitcoin is the missing piece of the ESG puzzle. It makes saving the planet profitable. Banks can do none of the things above because they are not mobile, modular and global. They are stuck in densely populated areas competing for limited amounts of renewable energy resulting in more fossile energy production.

moonRekt

My aunt has always been trying to tell me that unless I vote Republican, the politicians/democrats are going to keep spending away our future. I told her buying Bitcoin was my solution rather than voting, that pissed her off and turned her into a Buttcoiner telling me to get out b4 it’s too late since $7k BTC. I do believe climate change is very real, fast tracked by human and industrial activity, and that we must support the environment. However, again, I think the best solution is investing in renewables and ESG. Not voting democrat. I definitely won’t be voting for Trump

YoMamasMama89

You are correct that holding lots of coin doesn't entitle you to anything from the protocol. Where the risk comes from is social. Let's say I am Blackrock and I own a substantial percentage of Bitcoin, I could advocate for a "hard fork" of the protocol in which it favors my interests (let's say move to PoS for ESG reasons). Because I have so much power in many industries and hold a lot of value, many people will align with my interests too to reduce their own risk too. This is why it's important for any crypto to be "**sufficiently decentralized**" for it to be considered a commodity.

uncapchad

Perhaps get in touch with this guy, he writes about Bitcoin mining and ESG (Environmental, Social and Governance). He's the co-founder of CH4 Capital [https://substack.com/@dsbatten](https://substack.com/@dsbatten)

ResponsibilitySea327

Lololol. You don't know what they hell I do, do you? You have ZERO idea what running a large power grid is like until you step in my shoes. The plant I support is guaranteed to be several times larger than all the other plants you've been party to. I'll bet the proverbial farm on that one. You don't have the education or clearances to even step in those shoes. But your comment is more related to the price of tea than bitcoin. Of course any economic output requites power. And any power generation has a environmental cost. The point is that ESG is just a political leverage point and doesn't make something "green". It is all based in one's reference. A wond farm is arguably better than coal and an EV may be better than an ICE car in some references, but it doesn't mean that building an EV is environmentally friendly. SEER 16 is better than SEER 14, but you won't save the planet running a SEER 16 AC unit 24/7. You can consume your way to environmentally friendly, you can only mitigate future power growth rates. Take ESG politics and shove it.

ResponsibilitySea327

Lol. I don't know if this is a case for Bitcoin being good for the environment or proof that ESG is just a scam. I'm pro-Bitcoin, but to say it is good for the environment is complete hogwash.

hateschoolfml

Bitcoin gives ESG some meaning

HeroicHeron

Bitcoin is environmentally friendly/neutral. ESG is a scam.

I_Hate_Reddit_69420

Bad take to be honest. Yes the market is different, but if anything there is more demand now and more people for miners to sell OTC to. The miner supply is halving, so institutions can buy less OTC from miners (which they might want to do to meet ESG requirements) So yes it’s different, but in a different way than the article suggests

coinfeeds-bot

tldr; Fresh Supply Co (FSCO) has been awarded the ESG finance award by the Tokyo Metropolitan Government for its innovative use of blockchain technology in the agricultural supply chain. Utilizing the Hedera network, FSCO enhances transparency, traceability, and efficiency in the agri-food sector through real-world asset tokenization. This recognition underscores FSCO's commitment to sustainability and positions it as a leader in leveraging technology for eco-conscious initiatives within the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

hodlbtcxrp

Just like there are hundreds of different tech ETFs or hundreds of different ESG ETFs, there will be hundreds of different crypto ETFs in the future. Bitcoin ETF is the start but there will shortly be an ether ETF, and then other alts. My prediction is it won't be long till there is a crypto index ETF.

YoMamasMama89

They will try to hard fork it to make it more ESG compliant. I created a meme about this months ago that got blocked on this sub because it was "not relevant"

Stiltzkinn

Bitcoin is ESG and more than 30% uses clean energy.

Narrow_Elk6755

It is.  But ESG nonsense might allow it to pass, as they want centrally controlled crypto to pump.

Fast_Air_8000

Fuck Vanguard. Regarded woke ESG / DEI stormtroopers

Physical-State3960

Which makes me think he may have laser eyes.. notice he’s no longer promoting ESG

Zealousideal_Neck78

Lawrence Douglas Fink's. elevated involvement in Bitcoin will come back to affect us negatively. Remember, he is a big proponent of WEF and a globalist crusader. He once stated people must be brought under forced behavior to bring them into compliance. Larry Fink has emerged as the point man for environmental, social, and corporate governance capitalism, broadly known as ESG. As chief executive officer of BlackRock, which holds a $10 trillion global portfolio, Fink leverages this immense power to compel companies that BlackRock invests in to comply with an aggressive climate change and diversity agenda in their operations. 

george420

Good question. I am a maxi but have been recently thinking of counter-arguments to Bitcoin bullishness. I think it's healthy to consider if you're holding big bags for the long term like I am. 1) Ecosystem risk - including risks related to miners and keeping enough miners interested with the diminishing block rewards. When incentives are mostly funded by transaction fees will it be enough to incentivize miners and secure the network in the future? If fees are high it will incentivize miners but also incentivize L2 transactions. Will their be enough demand for health economics when block rewards are highly reduced or non-existent? I guess you can also include in here a potential problem of a hack/hostile takeover/future quantum computing but it's not really a risk anymore to Bitcoin than it is to global banking system or anything that uses cryptography. And Bitcoin could adapt to be quantum-resistant. 2) Regulatory risk - Sure you can't really entirely get rid of Bitcoin anymore than you can get rid of the internet at this point. But governments can make all kinds of bad decisions and a sufficiently motivated regulatory body can target the on and off ramps. Making it much harder to get capital in and out of the network. 3) Environmental concerns - I actually believe Bitcoin can help increase transition to renewable energy as it's already doing. But there's still tons of e-waste from the miners that will accrue over time. This can lead to a negative perception of Bitcoin ecosystem in the future by a sufficiently ESG-oriented FUD. I think this is probably the least of them though since there's tons of completely useless things that take more energy/produce way more waste than Bitcoin that are arguably far less important. Bonus: Satoshi Risk. I think this is actually the most remote possibility but there's a possibility that the Genesis wallet awakens and tanks the price. Everyday that passes this gets less likely and as time passes Satoshi gets more and more enshrined in mystery and mythology, which is overall a good thing for the network. I think those coins will stay there forever, but who knows. ​ I can't think of any more right now.

IdentifyAsUnbannable

There is no relationship. Blackrock owns the majority of governments around the world. WEF wants to push ESG, next thing you know, all noteworthy nations have ESG being shoved down their throats by their governments. Democracy is quickly becoming a mere facade to keep people quiet. The entire planet is just one big corporation of corporations that bankroll politicians to ensure policy swings in their favor.

infopocalypse

altcoins will all lose out to bitcoin over time. If you understand the blockchain trilemma this will make sense. But also to the anger of maxis, they have figured out how to put pretty much every alt use case (such as nfts) on Bitcoin recently. This will end up eating the marketshare of all alts. and finally governments and big business are embracing that Proof of Work is incentivizing green energy. When Blackrock is calling Bitcoin ESG then you know the energy FUD is dead.

xav--

Anyone knows fidelity approach with ESG? Is it the same as vanguard? I am thinking of switching too.

clicksanything

> managing large amount of bitcoins can give them power to influence decisions on the Bitcoin development. No, having *any* amount of bitcoin does not give *anyone* the ability to change the underlying bitcoin, bitcoin development or network consensus in any way shape or form. This is the beauty of PoW. > they create a POS fork of BTC in favor of ESG business. Okay, so Blackrock manipulates the code, create the a POS btc, and the network now becomes a fork and its own network. Ask yourself this: Why would the millions of decentralized nodes and users around the world who values Bitcoin, all of a sudden accept and use the Blackrock version that they changed? Spoilers, they wouldnt. So this leaves Blackrock with their version, alone, on their own network, that nobody wants to be a part of, that no one will buy tokens of. That makes the value of that network somewhere around zero. So the POS fork would eventually dwindle and die while everyone else just carries on the original Bitcoin network. Next question.

omg-whats-this

I'm concerned that when there is a fork in the future, managing large amount of bitcoins can give them power to influence decisions on the Bitcoin development. For example, they create a POS fork of BTC in favor of ESG business. Of someone want to withdraw their bitcoins, they can only withdraw using the new fork. That could lead to diverging in demand for the inferior POS network

Rydog_78

Definitely better. Narratives have flipped in Bitcoin’s favor. BlackRock and company have abandoned the ESG narrative. They pushed through the SEC, the first ever Bitcoin ETF. For better or for worse, an entirely new investor class has entered the space and is buying the ETF product which in turn buys Bitcoin at spot price. At the heart of Bitcoin is the miners. There are outside attack vectors in terms of local governments that can clamp down on their operations. Also centralization from the ETF’s which will own 10% of the Bitcoin supply.

Ok-Committee1892

Doesn’t matter, they still own % in said corporation which equates to their voting power and control within the company. E.g. ESG model

hblok

ESG (Environmental, social, and corporate governance) is probably the most clear example. There's of course huge amounts of housing real estate tied up in massive corporations, with renting the only option left for the plebs. There's farmland grabs. And, of course, there is the general problem of a single entity controlling a significant part of any assets or money supply.

coinfeeds-bot

tldr; Électricité de France (EDF), REDEX, and Rekursive Labs have completed a proof-of-concept for a blockchain-based Renewable Energy Certificate (REC) recording project. The project uses the Guardian ESG platform to automate the issuance and redemption of RECs, enhancing transparency and efficiency in the renewable energy market. The platform allows consumers to retire RECs in real-time, influencing the renewable energy market. The successful POC included automated redemption of tokenized RECs at electric vehicle charging stations using EDF's MASERA Microgrid in Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ajax_ZQN

I don’t blame the lack of knowledge that would lead you to ask this question, but instead applaud your desire to learn more. A good place to start reading up on this topic, and why contrary to media reports the Bitcoin network is the single biggest ESG play in modern history, are the writings of Daniel Batten at CH4 Capital such as [this](https://bitcoinmagazine.com/business/bitcoin-mining-can-prevent-climate-change). He also has [a Substack](https://www.batcoinz.com/).

strings___

If all you got out of my comment was ESG. That's your problem. In fact you are starting to sound political. The exact thing Bitcoin was created to combat. Your most hated enemy will use Bitcoin and there is nothing you can do about it my friend.

AndyZuggle

You don't get it. ESG is bad for the world. They are bad people who want to destroy civilization. Bitcoin is counter to their goals.

AndyZuggle

> It is actually a extremely good ESG asset. You have a fundamental misunderstanding of the purpose of ESG. Bitcoin is actually very good for the world, therefore it has no place in ESG.

strings___

The people that arguing that Bitcoin mining uses to much energy. Are fundamentally liars. You cant have a discussion with them because their premise is built on a lie. First off most critiques of Bitcoin's energy use is based on an outdated study done by Cambridge. Second they will not admit that it's impossible for Bitcoin to be bad for the environment. Since it does not directly produce any harmful CO2 etc. The issue is always the source of the electricity. It's exactly the same issue with EV cars. Which they seem to not have an issue with. So the question is fundamentally about peoples option about the usefulness of Bitcoin and not about it's actual harm to the environment. Since Bitcoin can bolster and capture waste energy. And in fact pay for energy grid roll-outs. It is actually a extremely good ESG asses. I know I'm preaching to the choir here. However it's important we have strong arguments to counter these FUD arguments. Also link this video anytime you see this FUD https://www.youtube.com/watch?v=HheeouBR-3o

Stiltzkinn

Bitcoin mining passed ~~Blackrock~~ ESG criteria. Even Blackrock has been buying shares of American Bitcoin mining companies.

Mistermind_9

Who cares about the ESG rating anyways? Gold and fiat will have a worse result than Bitcoin.

georgke

This is exactly what is happening, the combined economic value of all current and future pensions has been grouped together under their asset management and is actively used to work against those same peoples interest. All the ESG, transgenderism and green agenda is being pushed by Blackrock and with their leverage you can actively see the changes happening at most companies who are looking for investors.

EnvironmentalBus9009

Did you guys hear the part where the ESG fud died? The one resident said at this rate HER property taxes could goto zero!! That is when you know even the residents have a vested interest in the bringing more Bitcoin mining their town!

heavenswordx

Honestly, most rank and file employees are likely to own btc themselves given the younger demographic. It’s the boomer execs at these companies implementing these ridiculous restrictions. Best way to get back at the execs is by dumping their stock if you have any, removing your business from them and I would even go as far as preferentially buying things from companies that are known to have a friendly stance towards bitcoin. Vote with your wallet. Think about it, companies didn’t give a shit about ESG until their customers cared and prioritised buying things from companies with ESG policies. The same can happen for bitcoin.

AskMeIfImAnOrange

That's fine, it's not for everyone, and yes it is probably best for devs without much time to wait and see how it pans out. But just to clarify the white paper is on the front page of the DevvE website and it includes the tokenomics along with a full explanation of how it is to be used with ESG.

otw

Again still no white paper or tokenomics and I don't really get what niche it is serving or anything. I think a lot of tokens hide behind a lot of complexity so by the time you get a full grasp on them maybe not being super useful for dev at all, it's already been long enough for them to pump or have network effect. It's just a way for companies to avoid regulation and sell essentially a stock without going through the real scrutiny it takes to get listed on traditional markets. Great for making money I'm sure and investors, but useless to me as a dev. I am not saying it's garbage or anything maybe it is good, but just having trouble seeing it's purpose and why it'd bother with a token vs actually go through full regulatory channels especially for something trying to hit an ESG angle which honestly is kind of a red flag to me. Just seems like a lot of marketing and not a lot of tech. To me I can't really justify the timing looking at these types of chains anymore, I'd rather just wait a couple of years and see how they are holding up vs investing potentially months in seeing if they are legit to just move on to the next thing. I can't keep gambling time like this.

AskMeIfImAnOrange

I understand your skepticism, most tokens are useless / money grabs. I'm not a fan of the hard sell, so I'll mention a couple things and the rest you can check out if you have any further interest. The token is separate from the blockchain (like XRP) and not required specifically for its operation (e.g. not needed for gas), although they plan on various use-cases like having projects stake the token to spin up their own shards. The chain is developed in the US and the token is run out of Switzerland so they have separate websites. Blockchain: [devv.io](https://devv.io) Token: [devve.io](https://devve.io) (this one has the white paper on it) The main reason for the token is to raise revenue for a not-for-profit fund that will be used to invest in for-profit ESG projects that can generate things like carbon credits, plastic credits etc. Those credits will be tracked on the blockchain and bought by enterprises that need them. The money from those sales get put back into the investment fund to make it evergreen. The ESG angle is the original raison d'être for the blockchain. However they made the tech so that it can be used for just about anything, with an emphasis on the security and regulatory requirements enterprises need. It may or may not suit your needs. End of sales pitch :)

AskMeIfImAnOrange

DevvX is a new L1 that is fully up and running and the token is launching in the next few weeks. Designed for enterprise with all the regulatory boxes ticked. Uses sharding so each project will essentially be running on its own blockchain. Development only requires Web2 skills so made to easily integrate with existing corporate apps. The project is heavy into ESG so their literature is skewed that way, but it can do just about anything. Super low energy and cost with high TPS. Might be worth a look.

AskMeIfImAnOrange

I imagine instead of more L2's we'll start getting new, better L1's. Maybe aimed at more specific niches rather than a one-size-fits-all. DevvX is fully operational with their token launching in a few weeks. Their focus is ESG and enterprise although it seems the blockchain can do just about anything.

hateschoolfml

For Wall Street it seems the energy & ESG narrative is important https://twitter.com/dsbatten/status/1726129761247007020?s=46&t=ihVglVXC0BQSbw6j57EoaA

Tahoe_Kiddie

A lot of people don't realize the power BlackRock has due to it managing other peoples funds. They receive all voting rights which gives them the power to make major decisions to what your kids learn at schools to this ESG BS.

AskMeIfImAnOrange

I'm not sure if it can be regarded as completely new, but in the next few weeks, DevvE will go live. It's the token for the DevvX L1 blockchain. It's a tough nut to get your head around as it works quite differently to most traditional blockchains and crypto. The token is part of, but also separate of the blockchain (like XRP). They started the blockchain to track ESG assets (carbon credits, etc) but it can do basically anything and has a lot of features making it suited to enterprise. Fast, cheap, very low energy usage. The blockchain is based in the US but the token is managed separately in Switzerland (due to constantly changing US regulations). The initial focus of the DevvE token is to fund a non-profit ESG investment fund. This fund will invest in for-profit ESG projects that can create things like carbon credits, plastic credits, etc. The DevvX blockchain will be used to track these credits so they are legitimised and actually useful to enterprise. Enterprise will need to stake DevvE to be allowed to buy the credits so it is imagined a lot will be perpetually locked up. The blockchain is fully up and running. It can be used for gaming (they have had a proof of concept game running for 5 years), DeFi, payments, whatever. It's been designed from the ground up to be compliant for enterprise and can be easily integrated into their existing systems by web2 developers using API. Using sharding it has basically infinite TPS. Blockchain: [devv.io](https://devv.io) Token: [devve.io](https://devve.io) The token literature is a little heavy on the ESG talk as that was their original raison d'etre. The blockchain site and Discord gives a more balanced usecase.

coinfeeds-bot

tldr; Bitcoin mining's sustainable energy usage has reached a new all-time high of 54.5% in 2023, with a 3.6% increase in sustainable mining for the year. The Bitcoin ESG Forecast's BEEST model shows that Bitcoin mining is the leading user of sustainable energy compared to other industries. Off-grid Bitcoin miners are utilizing methane emissions for electricity generation, which reduces environmental impact. This has led to the Bitcoin network mitigating 7.3% of its emissions without offsets, the highest level of non-offset-based emission mitigation in any industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DaVirus

What makes you think ESG is a scam?

Just1_More

ESG is one of the biggest scams of our time... and that's saying something. I will not use videos trying to promote Bitcoin fooling people further with that scam.