Have thought about a systematic approach to solve climate change. After having my head and time stuck into this topic very deeply from an engineering, political and game-theory perspective since ~2019, I came to the following solution:

Here is the plan:

• Every nation has its CO2 budget, based on the Paris agreement and has to deposit a pledge in Bitcoin to participate in this program
• Satellites etc. track which country emits how much CO2 and give the result e.g. every week to an assembly where every nation looks at its collected data (can be done fully automatically as well).
• Every nation has its own anonymous key to a multi-sig wallet (e.g. 150/195 wallet). If the data of a nation from step 2 comes to the conclusion, that another nation emitted more than it has certificates, it can sign a transaction on the multi-sig wallet to move the according pledge from the nation who emitted too much CO2 to the rest of the nations who emitted less than it actually needed. This forms the consensus mechanism. As the votes are anonymous and the CO2 source location are transparent.

-> So if a country emitted more CO2 than its theoretical budget allows, it needs to buy certificates from others - thanks to the in advance deposited pledge full automatically, if enough countries come to the same result. And if a country emits less CO2 than it needs, it can make money by selling some certificates to other countries.

Done.
What do you think?

Questions, some of you will probably have:
„Why should countries participate in this?“ Answer: If e.g. the USA and EU start this and only trade with nations who participate in this program, you could force others to join. You can make a lot of money with this.

Open problems / questions that came to my mind, that may need a solution:
What if every country emits too much CO2?
How should we distinguish between natural and anthropogenic CO2 sources?
Does it matter if the bitcoin price fluctuates much?
What if a key of a nation gets hacked / lost?
Can you track CO2 sources via satellites and planes precise enough?

Update: Im currently building such a system (working on it since ~1 year already). Stay tuned. Will post it here as soon as its finished and ready to roll out. Hopefully will be finished before April 2024.

Came up with this idea today while sleeping. Let me know what you think

https://github.com/DasDouble/Bitcoin-layer3

-Eli

I have upgraded my Avalon A1246 miner with Phanteks T30 fans and have trouble with the Hasboards. Hasboard #0 already got replaced, now Hasboard #1 has to get replaced as well - just after installing the repaired Hashboard #0.
Is this normal? I was so stupid and didn‘t test the miner before directly installing the Phanteks and now I wonder if the fans are causing issues.

Do I need a custom software to handle the different fans? Is anyone here, who has tried such things out?

Hey guys,

I’ve tried to reverse engineer Bitcoin and by that summaries it in one general valid formular.
Let me know what you think about it.

It’s a quantitative formular, so don’t take things too literal.
Arrow up means simply “goes up” and arrow down simply means “goes down”.


https://share.icloud.com/photos/00dNQvq9TipFSXxJAercjSTbg

Result:
I think Satoshi Nakamoto took two things into consideration when creating Bitcoin, so no one could easily manipulate the safety / price of it:
1.) The linear growth of efficiency of computers [Flops/Watt]
2.) The not-easily changing offer and demand of primary energy prices and by that a relatively stable energy costs [€/Ws].

So all in all is the equivalent value of Bitcoin, just as the equivalent value of US-dollars once used to be gold, is: Efficiency of computers and energy costs.

Other interesting math-facts of Bitcoin:
A.) A logarithmic growth of Bitcoin in an logarithmic chart
B.) The halving of Bitcoins inflation every 4 years and by that causing a delayed price increase, as price = demand/(offer*inflation)
C.) The adjusting hashing difficulty, controlled by existing hash rate, controlled by global average energy costs.

This took me two days to think about it. I hope its right.
Cheers, Elias Pfeffer