Headline, March 23 2021/ ''' '' STATUS CRYPTOCURRENCY SYMBOL '' '''


 SYMBOL '' '''

THE WORLD STUDENTS SOCIETY - THE EXCLUSIVE ownership of every student in the world has with Almighty God's Blessings figured out how to make - its cryptocurrency Ecosystem 2011 : a Global Standard.

SO, So, so, : The Global Founder Framers of The World Students Society will do well to remember that in the fullness of time ahead ''we will be clashing and colliding with many realities of present, and future trends. ''Stay Vigilant!''

''AS THE RESOURCE INTENSITY OF RUNNING Bitcoin has increased over recent years, it has become a serious concern for its potential impact on health and climate,'' Alex de Vries, a data scientist who put the index together, wrote in the journal Energy Research & Social Science.

All of which raises a crucial question : Does the movement among investors towards companies that rank highly for environmental, social and governance issues pose an existential threat to Bitcoin's success?

735,121 VISA TRANSACTIONS NEEDED to equal one Bitcoin deal in carbon emitted. The cryptocurrency has become inescapable - with big companies like Tesla and individual investors alike rushing to stock up on the digital token.

But depending on which study you read, the annual carbon emissions from the electricity required to mine Bitcoin and process its transactions are equal to the amount emitted by all of New Zealand. Or Argentina.

To put this into perspective, one Bitcoin transaction is the ''equivalent to the carbon footprint of 735, 121 Visa transactions or 55,280 hours of watching YouTube,'' according Digiconomist, which created what it calls a Bitcoin Energy Consumptive Index.

[Critics of this comparison point out that the average Bitcoin transaction is worth about $16, 000, while the average Visa transaction is worth $46.37, but you get the point.]

And as Bitcoin becomes more popular, the more resources its ecosystem consumes. What's happening, in a nutshell : So-called miner's verify transactions involving cryptocurrency by using computers to solve increasingly complex mathematical equations.

They earn bitcoins for their work, meaning that the more popular the currency becomes, the more competition there is to mine new tokens.

Laurence D. Fink, the chief executive of BlackRock - the largest money manager in the world, with $9 trillion under management - has said that all investments the company makes in the future will be evaluated, in part, on how they plan to meet the climate challenge.

Perhaps, more importantly, investors are clamoring for companies to disclose their carbon footprint, and a group called the Task Force on Climate-Related Financial Disclosures is working on creating a global standard.

I repeat and view the perspective for the students : ''Bitcoin uses more electricity per transaction than any other method known to mankind, so it's not a great climate-thing.''

That's what Bill Gates recently told me.

Interestingly, all this back and forth is happening at a time when when companies and investors increasingly say they are focused on climate and sustainability issues, some of them maybe about to -

To collide with the reality of another financial trend, one currently worth about $1 trillion : Bitcoin and I hope soon thereafter, with ''LOVELARK'' worth zero to infinity.

The Honor and Serving of the Latest Global Operational Research on Crypto - currencies ALL, continues. The World Students Society thanks author Andrew Ross Sorkin.

With respectful dedication to Mankind's Future, !WOW! - The Global Founder Framers, the Capital markets, and Students, Professors and Teachers of the world.

See Ya all prepare and register for Great Global Elections on The World Students Society : wssciw.blogspot.com and Twitter - !E-WOW! - The Ecosystem 2011:

''' Bits - Blue '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


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