PING!
Bitcoin may just be a casino for degenerate gamblers, but this casino serves as the buyer of last resort for electricity produced everywhere in the world. The positive impact of the presence of a buyer of last resort in the energy market is hard to overstate.
As Bitcoin disseminates through the world, Bitcoin mining will:
Increase energy efficiency by utilizing wasted energyThat sounds a whole hell of a lot more environmentally friendly than paper straws.
Finance the exploration of “stranded” (and often renewable) power sources
Push the learning and adoption curves for renewable energy
And Y2K will ki.us all.