<aside> 💡 This section displays challenges we are trying to solve as a DAO. You are fighting the same issues? Join us!
</aside>
The current financial system spawns inequality, consumption and waste
Our current monetary system has several challenges, including inflation, currency manipulation, and limited access to financial services for people in underserved communities. However, Bitcoin and other blockchain technologies offer a potential alternative to traditional monetary systems, with decentralized and transparent ledger systems that can enable more secure and accessible financial transactions.
In particular, Bitcoin's finite supply and decentralized nature make it an attractive option for individuals and institutions looking for an alternative to government-issued currencies or global reserve currencies like the US Dollar.
The energy is well spent, though it needs to be renewable
Bitcoin mining is a critical component of the Bitcoin network, as it provides the computational power necessary to validate transactions and maintain the decentralized ledger system. As such, sustainable and environmentally friendly Bitcoin mining practices are essential to the long-term viability and relevance of Bitcoin as an alternative to traditional monetary systems.
However, Bitcoin mining has its own set of challenges, including the significant energy consumption required for mining operations, resulting in high carbon emissions and negative environmental impacts.
The increasing popularity of Bitcoin mining has exacerbated these environmental concerns, as traditional mining practices rely heavily on non-renewable energy sources and contribute significantly to carbon emissions. This has led to growing demand for more sustainable and environmentally friendly mining practices.
Retail investors don’t have access to bitcoin at production cost
Moreover, retail investors who are interested in Bitcoin mining may face additional barriers to entry, such as the high cost of equipment, the technical expertise required to set up and maintain a mining operation, and the overall relevant macroeconomic understanding including Bitcoin's cycle itself.
In addition, current investment opportunities in Bitcoin mining may be limited, currently unattractive, and inaccessible to many retail investors. Investors often pay a high premium or receive equity in a company yet never see a single satoshi distributed to their wallets.