Tesla boss Elon Musk said on Sunday that his electric-car maker will allow customers to transact with bitcoin again when creating new coins becomes more climate-friendly read more .
One crypto report estimated renewable energy made up 39% of the mix last year; another, a year earlier, claimed bitcoin is already mostly green.
For as long as bitcoin’s price justifies mining it, and Musk’s comments help make that so, owners of dirty fossil fuel have an incentive to keep burning.
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Paul Volcker, the former Federal Reserve chairman who was my longtime friend and officemate, died at the end of 2019 before Covid-19 swept the planet.
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