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OPINIONATED: You Sold Your Bitcoin Because of Elon? Think Again

OPINIONATED: You Sold Your Bitcoin Because of Elon? Think Again

FromCarpe Consensus


OPINIONATED: You Sold Your Bitcoin Because of Elon? Think Again

FromCarpe Consensus

ratings:
Length:
31 minutes
Released:
Jun 3, 2021
Format:
Podcast episode

Description

This week, “Opinionated” co-hosts Ben Schiller, Anna Baydakova and Danny Nelson are discussing one of the most interesting topics raised during CoinDesk’s Consensus 2021 virtual conference – bitcoin’s ESG (environmental, social and governance) moment.This episode is sponsored by PumaPay.io.The question of bitcoin’s impact on the environment has been hovering over the industry for years, but recently, it got a real momentum after Elon Musk first sent bitcoin prices surging, then plunging, then going up again, by tweeting about bitcoin’s environmental impact. After showing disapproval of bitcoin’s ecological impact, Musk soon returned with a new message: he met with the North American bitcoin miners to get them to adopt greener standards of work. Cathie Wood, the founder of Ark Investment Management, believes the move was dictated by some very pragmatic reasons, as she said in a Consensus interview with Nathaniel Whittemore: “Elon probably got a few calls from institutions,” Wood said. “I noticed that BlackRock is [Tesla]’s number three shareholder and Larry Fink is the CEO. He is focused on ESG and especially on climate change. I’m sure BlackRock registered some complaints and perhaps there are some very large holders in Europe who are extremely sensitive to this.”In setting up the Bitcoin Mining Council, some wondered if Musk and his fellow founder-whale Michael Saylor wanted to centralize bitcoin mining. This is hardly possible (for now). However attempts to create various white lists and black lists for bitcoin, depending on how green or dirty, sanctioned or politically clean they are, and so on, might harm bitcoin’s core value: borderless money with no rulers to control it. Ben, Anna and Danny discuss these and other topics related to the heavily controversial bitcoin environmental agenda.Ben Schiller’s Twitter handle is: @btschillerAnna: @baidakovaDanny: @reaDannyNelson-750,000,000 PMA tokens are now up for grabs. By depositing today, you will become part of the next evolution of DeFi payments. Go to PumaPay.io.Image credit: Andy /iStock/Getty Images Plus/ modified by CoindeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 3, 2021
Format:
Podcast episode

Titles in the series (100)

This is CoinDesk's Opinionated, a roundtable debate that fascinates with each new thought provoking guest. It's the place to convey strong ideas, and at times share in the latest casual controversy.Join Features editor Ben Schiller and reporters Anna Baydakova and Danny Nelson as they push the conversation further with their own criticisms and reactions to the latest bitcoin and crypto news from around the world. Be the first to hear Opinionated by subscribing to the CoinDesk Reports podcast feed.