#203 - The Bitcoin dilemma | Curio

#203 - The Bitcoin dilemma

21 mins | May 5, 2022

Today's episode from 5th May 2022. First up: We start by visiting a small town in New York called Plattsburgh to learn about the devastating effects of crypto mining. We explore "The Bitcoin Dilemma"- where when Bitcoin goes up, so does dependency on the local energy grid. Then later, we attempt to answer the question - what do we want from a work of art? Whether it's the aesthetic beauty, the way it makes you feel or simply to give you something to talk about- we're all looking for something that isn't necessarily there. In 2017, almost ten years after the launch of Bitcoin, a crypto-mining race began overnight with hundreds of thousands of people desperate to become the next cryptocurrency multi-millionaire. However, while it's been good to some, local communities are paying the price. For MIT Technology Review, Lois Parshley examines how crypto mining has impacted a New York community, from electricity shortages leading to blackouts to the worsening climate crisis, with cryptocurrency's energy usage predicted to produce an additional 32.5 million metric tonnes of CO2 per year. Art is an agent of catharsis - capable of provoking exultation, comfort and even something as big as a paradigm shift. But, of course, not every artist sets out to push buttons, just like how not every artist wants to partake in pop culture. For The Financial Times, Jo Ellison reflects on art's role in society as simply a topic of discussion, a thread to connect with the people around us and - perhaps - even something more profound. Wake up with Curio is a different kind of morning show that gives you the context behind the news and gets you motivated for the day ahead, every Monday - Friday.

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