U.S. Democratic presidential candidate Robert F. Kennedy Jr. has defended Bitcoin, stating that the environmental impact of the cryptocurrency is not as dangerous as reported. Kennedy endorsed arguments made by Daniel Feldman, the director of Sangha Systems, who explained that Bitcoin mining and renewable energy have a symbiotic relationship that solves problems and improves each other. Kennedy called this argument interesting and emphasized that the environmental debate should not be used to limit freedom to transact.
Feldman highlighted the advantages of Bitcoin mining for the economy and disputed popular media narratives that portray it negatively. He argued that Bitcoin mining can improve the electric grid and reduce reliance on fossil fuels. However, he also pointed out that most renewable energy sites are not profitable without government subsidies. Feldman suggested that the focus should shift from polarization to innovation and that Bitcoin mining could incentivize investment into renewable energy projects.
While Kennedy’s chances of winning the Democratic nomination are low, he has gained support from Bitcoin maximalists. He praised Bitcoin during a keynote address in Miami, emphasizing its value in protecting civil liberties. Kennedy also criticized central bank digital currencies (CBDCs) as tools of control and oppression.
The environmental impact of Bitcoin mining has been a subject of debate and concern. The process requires significant computational power and energy, leading to questions about its sustainability. However, the accuracy of claims about Bitcoin’s environmental harm has been disputed. Initiatives promoting sustainable mining practices and the use of renewable energy sources have emerged to address these concerns.
– Robert F. Kennedy Jr.: [Home Page]https://rfkjr.com/
– Sangha Systems: [Home Page]https://www.sanghasystems.com/
