“Meh” Surely We Can Do Better…
TL;DR
Our new favorite crypto use case: set up renewable energy capture sites → install on-site crypto miners → use profits to fund infrastructure projects.
Full Story
Help!
We’ve fallen [down a rabbit hole] and can’t get up!
We just read an article on how Paris Saint-Germain (the soccer team) is about to start mining crypto → use the profits to buy up its own crypto token (helping stabilize its price) → then give the token out to fans.
And it all felt so…meh.
Mining crypto to fund a fan loyalty program? That’s cool and all — but what does it do in the grand scheme of things?
(Isn’t cryptocurrency supposed to be a ‘world changing technology’?)
So we tweaked the question to “what if crypto mining was used to fund local infrastructure projects?”
Which sounds like a weird rabbit hole to jump from - but hear us out!
Let’s say your country has massive geothermal reserves…
But building out the physical infrastructure required to take all of that captured energy, and deliver it to every home in the country/state/locale is going to cost a lot.
(Like, a lot a lot).
So your government representatives have never seriously considered it (at best, only ever seeing it as ‘neat, but way too hard/expensive to implement’).
Adding crypto mining to the equation would allow the project to:
Set up geothermal generators, with mining rigs on site.
Convert that energy into money (without first having to set up export infrastructure → find a buyer → export the energy).
Use that money to fund wider infrastructure projects.
All with no/low additional government deficit spending.
Awesome right??