Germany ought to assist substitute cryptocurrency mining

Learn all of Marlon Ebert’s proposals:

Cryptocurrencies are right here to remain – and that’s factor. However many cryptos – like Bitcoin – use an energy-intensive proof-of-work mining course of which aggravates semiconductor shortages and undermines environmental aims. Germany has a possibility to foster innovation to exchange mining and assist a extra sustainable crypto ecosystem. Doing so will assist release provide of high-demand semiconductors, scale back power consumption, and develop Germany’s innovation base whereas permitting Germany to profit from the alternatives this new digital medium can carry.

[Due to a huge amount of junk comments we had to close the comment section.]

00:00 Introduction
00:12 The issue with crypto forex MINING
01:26 Crypto forex fundamentals
02:56 Germany ought to intervene
05:11 Nudge markets away from mining

About this collection:
The federal election on September 26, 2021, was a watershed second in Germany’s worldwide relations. In gentle of this key election, DGAP publishes weekly additions to its Memo collection that include concise insights and proposals for motion for the subsequent authorities alongside three core themes: Making German International Coverage Match for Objective; (Re)Positioning Germany in Europe; and Germany within the World: Challenges and Alternatives.

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