Adrian Grenier Joins Panel Discussion about Green Bitcoin

Image

United Nations Environment Goodwill Ambassador and actor Adrian Grenier, who starred in Netflix’s Clickbait, HBO’s Entourage and 20th Century Fox’s The Devil Wears Prada, has joined a panel discussion about Bitcoin energy consumption and sustainability at the recently concluded CoinGeek Conference New York.

Grenier is also known as a strong environmental activist who helped launch UN’s Clean Seas campaign in 2017 and co-founded the Lonely Whale Foundation, which aims to increase awareness and educate people about the status of the globe’s oceans and marine life.

Grenier also has an impact fund called DuContra Ventures, where he is a co-founder and the chief experience officer, that is focused on four categories: the betterment of humans, investing in communities, the future of finance (where his interest in blockchain comes in), and sustainable consumer goods. The actor has also invested in Blueland, which produces plastic-free consumer cleaning products.

The presence of a renowned environmentalist at a Bitcoin event is somewhat of irony as Bitcoin has been touted by the media in the past months as unsustainable and not environmentally friendly with the massive amount of energy Bitcoin mining consumes.

“I think people that want to dismiss crypto as being unsustainable don’t fully understand the complexity of the opportunity that crypto has for society across the board. It’s not just about mining efficiency, it’s also about how it’s going to improve every industry,” Grenier said.

Grenier’s presence means that he has finally found a Green Bitcoin he can support in BSV. The BSV blockchain is the largest public blockchain that can scale unlimitedly to accommodate the data the world is generating.

“If you had a crypto technology that could actually track the exchange of goods and services within the community and keep the value very hyper-local, there’s a lot less loss. I mean, when you put your money in a centralized banking system, you’re losing a lot of money, especially with inflation and the printing of money. And suddenly, they’re stealing your little value. But when you have a hyperlocal currency, you know what’s being shared, and you keep it serving your community,” Grenier explained.

Unlike BTC that has no other utility except as a speculative investment due to its price volatility, small data blocks at only 1MB in size and low throughput at seven transactions per second (tps), a 2GB block has already been mined on the BSV blockchain and the network is preparing to increase its throughput to over 50,000 tps at transaction fees of less than a penny, rivalling the capacity of the VISA network. These numbers are what make BSV the Green Bitcoin and what make BTC simply unsustainable.

“I think it’s really going to transform media. In my business, like filmmaking [and] communications, it’s going to empower artists to have exchange directly with consumers, get commercialization out of that relationship unless chosen. Even just the social media networks. Like what’s happening with Facebook, they’re literally selling our data for profit, and we don’t see any of that money. I like to see social media networks that allow both users and content creators to have a more autonomous exchange of value,” Grenier pointed out.

As BSV continues to scale, millions and even billions of tps can be realized in the future. And with this kind of powerful technology, can usher in a fully on-chain world—improving business systems and processes and maximizing profits—much like how the Internet Protocol has created the online life people are enjoying today. This kind of benefit to mankind is what more than justifies the huge energy consumption of BSV mining.

Share
Related Stories
Image
15-March-2024

Brent Rises to $85 as IEA Predicts Tighter Supply Market

By Adedapo Adesanya Brent crude appreciated by $1.39 or 1.7 per cent on Thursday to sell at $85.42 per barrel, its highest level in four months, as the International Energy Agency (IEA) predicted a tighter market in 2024 and raised its view on oil demand growth this year. This also helped the US West Texas Intermediate (WTI) crude to go up by $1.54, or 1.9 per cent to $81.26 per barrel, though the agency warned that the global economic slowdown acts as an additional headwind to oil use. The IEA raised its view on 2024 oil demand growth for the

Image
18-March-2024

Profit-Taking Depletes Nigerian Exchange by 0.40%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN Nigeria, GTCO, Zenith Bank and others. The heaviest price depreciation was recorded by McNichols, 9.30 per cent, closing at N1.17, and was trailed by DAAR Communications, which shed 8.97 per cent to 71 Kobo. UPDC declined by 7.89 per cent

Image
18-March-2024

UTM Seeks NCDMB’s Equity Investment in First FLNG Project

By Adedapo Adesanya UTM Offshore Limited, which is building Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility, has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. It wants the NCDMB to follow in the footsteps of the Nigerian National Petroleum Company (NNPC) Limited which in July 2023 signed a Heads of Agreement which will see it contribute 20 per cent equity to the vessel set to produce 176 million cubic feet of gas per day from the Yoho Field and will help

Image
17-March-2024

Crude Oil Market Falls Despite Positive Signals

By Adedapo Adesanya  The crude oil market depreciated on Friday despite reporting gains earlier in the week due to improved demand and expected supply tightness. Brent futures slid by 9 cents or 0.11 per cent to $85.33 a barrel, and the US West Texas Intermediate (WTI) futures declined by 17 cents or 0.21 per cent to $81.09 per barrel. Market analysts noted that supplies are tightening for motor fuels, and prices are at risk of going higher, but there are worries the US Federal Reserve won’t be able to cut interest rates because inflation remains above the central bank’s target

More Stories
Image
05-May-2022

Naira Gains 0.24% at Investors’ FX Market, Cryptos Rise

By Adedapo Adesanya After a two-day hiatus, the Naira returned stronger as it appreciated by 0.24 per cent or N1 against the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Wednesday, May 4. According to data from the FMDQ Securities Exchange, FX users exchanged their local currency for the greenback at N418.00/$1 compared with N419.00/$1 it closed last Friday. Business Post reports that the forex turnover during the trading session stood at $162.70 million. The local currency closed stronger as traders were able to meet the demand of their customers, who

Image
12-September-2022

Industrial Court Adjourns FG, ASUU Suit to Friday

By Modupe Gbadeyanka The suit filed before the National Industrial Court (NIC) sitting in Abuja by the federal government against the Academic Staff Union of Universities (ASUU) has been adjourned to Friday, September 16, 2022. The government is seeking an order from the court to call off the 7-month-old industrial action embarked on by the university lecturers since February 14, 2022. Justice Polycarp Hamman, while ruling on the matter, asked the claimant, represented by Mr Tijani Gazali, to serve its process, and the defendant, represented by Mr Femi Falana, to file its response before the adjourned date. When the case

Image
14-June-2019

Fidelity Bank Offers Loans to Auto Spare Part Dealers

By Modupe Gbadeyanka One of the leading tier-two lenders in Nigeria, Fidelity Bank Plc, has announced the creation of a special loan scheme for traders at the popular Auto Spare Parts and Machinery Dealers Association (ASPAMDA) market in Lagos. The product, called ASPASMDA Traders Support Facility, is designed to assist the traders boost their business operations. However, the traders would only be able to access funds earmarked for the scheme from Thursday, August 1, 2019. Managing Director/Chief Executive Officer of Fidelity Bank, Mr Nnamdi Okonkwo, who made the disclosure during a meeting with the market leaders, also said the company

Image
01-August-2019

NSE Finally Delists Entire First Aluminium Nigeria Shares

By Dipo Olowookere The entire issued share capital of First Aluminium Nigeria Plc has been removed from the trading platform of the Nigerian Stock Exchange (NSE). This followed the request made by the board of the company that all the shares should be delisted from the daily official list of the exchange. In April 2019, the board of the aluminium firm had explained that the firm was exiting the stock exchange due to inactivity on the shares of the company as well as the inability of the current listing to help in realizing the corporate objectives of the company are

Image
13-October-2020

Kwara Urges Workers to Ignore Labour Strike

By Dipo Olowookere Members of the Kwara State Civil Service have been advised not to join the industrial action embarked upon by the labour unions in the state. The Kwara State Head of Service, Mrs Susan Modupe Oluwole, in a statement personally signed by her, reminded workers on the state government’s payroll of the implication of partaking in the action. According to her, the Kwara State government recently obtained a judgement from the Akure Zone of the National Industrial Court (NIJ) against the strike action by the labour, noting that anyone staying away from work was disobeying the court order.

Image
01-April-2020

Reps Donate March, April Salaries to COVID-19 Efforts

By Adedapo Adesanya Members of the House of Representatives have donated all their salaries for the month of March and April 2020 to fight the COVID-19 that has so far infected 139 persons in Nigeria. This information was communicated in a footage shared by Speaker of the lower chamber of the National Assembly, Mr Femi Gbajabiamila, via his twitter page, @femigbaja on Tuesday. “We have in the House of Representatives jointly committed in contributing 100 percent of our salaries for the next two months to the fight of COVID-19 in Nigeria,” Mr Gbajabiamila said. He said the donation will be

Image
27-April-2017

GTBank Boosts Earnings by 39% in Three Months

By Dipo Olowookere Guaranty Trust Bank (GTBank) has continued to show how strong and reliable it is despite operating in a harsh business environment. It has also shown why it is a big force to reckon with in the banking industry in Nigeria and Africa at large. In its unaudited financial results for the first quarter ended March 31, 2017 released to the Nigerian and London Stock Exchanges, the lender showed positive performance across all financial indices, further reaffirming its position as one of the most profitable and well managed financial institutions in Africa. Gross earnings for the period grew

Image
18-April-2020

BREAKING: Buhari’s Chief of Staff Abba Kyari Dies

By Dipo Olowookere The Chief of Staff to President Muhammadu Buhari, Mr Abba Kyari, has died. Mr Kyari, according to a statement from the presidency in the wee hours of Saturday, breathed his last on Friday. He had been receiving treatment in Lagos after contracting the deadly coronavirus disease also known as COVID-19. Mr Kyari tested positive for the virus after a trip to Germany and the United Kingdom last month. “The Presidency regrets to announce the passage of the Chief of Staff to the President, Mallam Abba Kyari. “The deceased had tested positive to the ravaging COVID-19, and had

Ad
Ad
Recent Stories
Image
19-March-2024

Oil Stocks Trigger 1.77% Gain at NASD OTC Exchange

By Adedapo Adesanya Oil stocks, Aradel Holdings and Acorn Petroleum, led the NASD Over-the-Counter (OTC) Securities Exchange to a 1.77 per cent appreciation on Monday, March 18. They increased the value of the alternative bourse by N24.85 billion during the trading session to N1.428 trillion from the N1.403 trillion it closed in the preceding, and the NASD Unlisted Security Index (NSI) rose by 18.33 points to wrap the session at 1,053.98 points compared with 1,035.65 points recorded at the previous session. Aradel Holdings Plc, after recent profit taking, appreciated by N114.28 yesterday to settle at N1,734.28 per unit compared with last

Image
19-March-2024

Naira Trades N1,597/$1 at Official Market, N1,600/$1 at Black Market

By Adedapo Adesanya The Naira appreciated against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the currency market on Monday by 0.3 per cent or N5.41 to close at N1,597.34/$1 compared with last Friday’s value of N1,602.75/$1. It also improved its value against the Pound Sterling in the official market yesterday by N50.97 to wrap the session at N2,003/£1 compared with the preceding session’s N2,054.06/£1 and gained N41.89 against the Euro to close at N1,712.69/€1 versus N1,754.58/€1. It was observed that the supply of forex, according to data from the FMDQ Securities Exchange, slightly waned

Image
19-March-2024

Brent Jumps to $86 Per Barrel on Low Crude Exports, Stronger Demand

By Adedapo Adesanya  The price of the international crude benchmark, Brent Crude, rose by 88 cents or 1.0 per cent to $86.22 per barrel on Monday, triggered by lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Also, the US West Texas Intermediate (WTI) crude appreciated by $1.01 or 1.3 per cent to $82.05 per barrel, as Iraq, the second-largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), said it would reduce crude exports to 3.3 million barrels a day in the coming months to compensate

Image
18-March-2024

Cardoso Begins CBN Clean-up, Removes Directors Close to Emefiele

By Aduragbemi Omiyale There are strong indications that some directors at the Central Bank of Nigeria (CBN) may have to lose their jobs in the in-house clean-up exercise by the Governor, Mr Yemi Cardoso. Reports suggest that Mr Cardoso wants to let go of some directors who worked closely with Mr Godwin Emefiele, who President Bola Tinubu believes worked to stop him from going to Aso Rock. Recall that during his electioneering campaign, Mr Tinubu accused the former CBN chief and some persons of introducing the botched Naira redesign policy to frustrate him. Immediately after he assumed office on May

Image
18-March-2024

Profit-Taking Depletes Nigerian Exchange by 0.40%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN Nigeria, GTCO, Zenith Bank and others. The heaviest price depreciation was recorded by McNichols, 9.30 per cent, closing at N1.17, and was trailed by DAAR Communications, which shed 8.97 per cent to 71 Kobo. UPDC declined by 7.89 per cent

Image
18-March-2024

NCC Announces 90% Restoration of Voice, Data Services After Cable Cuts

By Adedapo Adesanya The Nigerian Communication Commission (NCC) has announced that voice and data services affected by undersea cable cuts last week have been 90 per cent restored. In a series of tweets signed by Mr Reuben Muoka, the Director of Public Affairs at the commission on Monday, March 18, the NCC said, “Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.”

Image
18-March-2024

Unity Bank, SkillPaddy to Train Female Software Engineers

By Modupe Gbadeyanka At least 1,000 female software engineers will undergo a training programme organised by SkillPaddy through its Count Her In tech programme with support from Unity Bank Plc. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals and launch careers in the tech industry. It was disclosed that about 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. All beneficiaries of

Image
18-March-2024

Your Moods Soundtracked With Spotify’s New Daylist Feature

Throughout the day, your mood changes, and so does the music you listen to. Last night might have been an island vibes riddim Monday night, while this moment is more of a nostalgic 2010s Tuesday afternoon. The point is, that you’re ever-changing, and your playlists should be too. Say hello to daylist, your day in a playlist. This new, one-of-a-kind playlist on Spotify ebbs and flows with unique vibes, bringing together the niche music you typically listen to during particular moments in the day or on specific days of the week. It updates frequently between sunrise and sunset with a

Image
18-March-2024

Stanbic IBTC Adopts Mala Kachallah Model School, Three Others

By Modupe Gbadeyanka Mala Kachallah Model School in Maiduguri, Borno State; Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, Aramoko Ekiti State; and Magin Rafi Model Primary School Tudun Wada, Sokoto State have been adopted by Stanbic IBTC Holdings Plc. The leading financial services provider in Nigeria revamped these citadels of learning under its Adopt-a-School programme structured on the company’s Social, Environmental, and Economic (SEE) framework, which aligns with its mission to be a responsible corporate citizen. It was learned that Stanbic IBTC renovated and rebuilt classroom blocks, provided modern and conducive learning environments, furnished classrooms, established

Image
18-March-2024

Nigeria’s Data Regulator Investigates Alleged NIMC Breach

By Adedapo Adesanya The Nigeria Data Protection Commission (NDPC) is investigating allegations of unauthorised access to the personal data of enrollees in the database of the National Identity Management Commission (NIMC). This was disclosed by Mr Vincent Olatunji, the National Commissioner of the data regulation body in a statement signed by Head of Legal, Enforcement and Regulations, NPDC, Mr Babatunde Bamigboye on Monday. He said the investigation is a further regulatory measure to be taken by the commission in the wake of public concerns over reports of illegal access, to the personal data of enrollees by a shadowy entity called