Harvest Podcast Ep. 1: The truth about Bitcoin's environmental impact with Unbounded Capital
On this episode we have Zach Resnick who is Co-Founder of Unbounded Capital join us to discuss the truth about Bitcoin's environmental impact. We also cover some basics on the crypto market as a whole and highlight some of Unbounded Capital's portfolio companies, which focus on the Bitcoin Satoshi Vision protocol (BSV).
At about minute 12:45 we jump into the environmental discussion. Key takeaways and insight is that the environmental impact boils down to the efficiency and size of a transaction. BTC and Ethereum are the worlds most inefficient transaction processing mechanisms.
Why? Because of the lack of how much data these protocol technologies can process.
With BSV, you can process an incredibly large number of transactions for effectively the same power and cost vs. the inefficient and small number of transactions that BTC can process. The takeaway: the same amount of power is required to mine BSV and BTC blocks regardless of how much data you put into them. See below for figures to illustrate this comparison.
BTC can process 7 transactions per second, while BSV can process approximately 70,000 transactions per second (theoretically up to 100,000), both of which require the same amount of power to mine that data. Interesting side note and reference: Visa can process up to 24,000 transactions per second.
You can find links to some of our highlight discussions topics including:
- Unbounded Capital's
E-book on Bitcoin's Climate Change Solution
-
Unbounded Capital's Harvest Firm Page
-
The Truth About Bitcoin's Environmental Impact Research Paper
- Unbounded Capital's
Investment Portfolio
- Portfolio company:
TAAL
- Portfolio company
Handcash
- Twitter:
@unboundedcap
