Bitcoin Environmental Savior Consumption

One major critique thrown at Bitcoin is that it is bad for the environment. In today’s video we discuss how Bitcoin can help the environment through lower consumption rates

The lowering of consumption is a function of hard money itself not just Bitcoin. However, Bitcoin is the hardest money ever created, so it is fitting to discuss this topic.

The lowering of consumption comes as societies time preference gets lowered. A low time preference means you think more about the long term and a high time preference means you focus on the short term.

Inflationary money causes societies time preference to raise overtime because the money is continually worth less in the future. This can lead to excess consumption and often of more cheaply made quality. The worsening of quality typically occurs with an inflationary money as well. It is one way prices can be kept from rising too quickly. Instead of a solid wooden desk, you get a piece of cheap Ikea furniture.

Overtime, the lowering of a societies time preference increases the quality of goods people consume while decreasing the overall amount of consumption. People's lives improve and there is less environmental waste.

Money Basics: Hard vs Soft Money - https://youtu.be/xde3Vr9SBK4

Bitcoin: The Ultimate Payments Network - https://youtu.be/wpsi_owgIso

Is Bitcoin Safe? - https://youtu.be/ssOw6wl9rXQ

Bitcoin stops War - https://youtu.be/JlcR6XNwNbA


Bitcoin and how it interacts with the current financial system is Beyond Finance's passion. You don't have to jump in and convert your life savings, but it is important to start learning about this crucial topic.

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