Today, Bitcoin consumes as much energy as a small country. This certainly sounds alarming — but the reality is a little more complicated, says Nic Carter, whose firm invests in public blockchain startups.

00:00 What does Bitcoin have to do with the environment?
01:15 How does Bitcoin consume energy?
01:40 What does Bitcoin mining actually look like?
03:08 What is the controversy around Bitcoin's energy consumption?
03:35 Bitcoin consumes around 0.55% of global energy production.
04:04 What's wrong with how we talk about Bitcoin's carbon footprint?
04:42 Energy consumption is not equivalent to carbon emissions.
05:45 Does Bitcoin's utility justify its energy use?
06:42 What is the utility that critics don't see?
07:45 Can or should Bitcoin's energy use be regulated?
08:42 Reconfiguring the grid should be the end goal, with our without Bitcoin.

Read the HBR article here: https://hbr.org/2021/05/how-much-ener...

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