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Bitcoin, the Climate Crisis, and Financialization with Margot Paez (aka jyn urso)
Manage episode 320403390 series 2860503
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Margot Paez says the financialization of the US economy is one reason why it’s been difficult to take decisive action on climate change. She views Bitcoin “as a very important tool in this whole process because it exists outside of the system. And it’s also kind of an attack on the existing financial structures because it takes away a centralized power basically from Wall Street and decentralizes it in a very non-coercive way. And everybody has an opportunity to participate in it and use Bitcoin to their benefit.”
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The challenge for bitcoiners like my guest today, Margo Paez, is how to dispel the FUD and encourage companies and governments to actualize the benefits that Bitcoin offers. We don’t need to wait 10 or 20 years to harness Bitcoin’s ability to address climate change or wealth inequality. And emphasizing the power of Bitcoin’s present might be the surest path towards realizing its potential for a more equitable future.
Guest: Margo Paez (aka jyn urso on Twitter), Fellow – Renewable Energy, Environmental Studies, Bitcoin Policy Institute and a PhD candidate in the civil engineering department at Georgia Institute of Technology.
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