WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto

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WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
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Talk about crypto environment isn't missing action, it's missing trust.

The need for a clear, balanced concept of the issue was a constant theme at the panel discussion of crypto’s carbon footprint at the 2022 World Economic Forum. There was general agreement that there has been a rush to judgment on the consensus mechanisms of crypto mining and education, and careful policymaking can counteract it.

DataKind CEO Lauren Woodman spoke of the need to “get everyone to the table.” In some places, crypto mining operations are often seen as disruptive to the energy systems they depend on, she said, but an anchor energy client enables infrastructure construction in other places. Skybridge Capital managing partner Anthony Scaramucci equated decentralization with antifragility and pointed out that crypto mining is in the early stages of its development, “so early that a winner can’t be picked.”

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