German TV stations ARD and BR published a Bitcoin documentary for which they followed me to South Africa where I worked with Bitcoin Ekasi in May 2022. The Bitcoin township is an example that Bitcoin can be used by anyone even people in less privileged circumstances.
Overall I find the documentary very well done. There are some things factually wrong like when “Tante” is speaking about the CO2 emissions that a single transaction is emitting. It’s faulty mathematics. The use of energy for bitcoin does not scale to the number of transactions. The number of transactions that happen on-chain and the number of transactions that happen off-chain - for instance, on second-layer technologies like the Lightning Network or through custodial exchanges that batch transactions - are not correlated to the cost of mining. I dedicated a whole chapter of my book to the question of Bitcoin’s ecological footprint.
Other outcomes of this journey are:
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