Hello and thank you for your input. I will be taking you up on your offer of help in whatever way I can.
Hi
please take this as constructive criticism and I am willing to help. I fell you motives and ideals are sound just the delivery mechanism is flawed
I think that having a way to offset carbon credits for mining coins is a great idea.
Although your tree project is ok I am concerned:
a. Is not acceptable as it is a secret location. It need to be audited and full disclosure.
b. Who gets the carbon income or offsets from planting the tree? The owner of the land?
After directing them to this thread yesterday I have just got off the phone with the family, who after some deliberation
are happy to disclose the location of the land! This means we will be able to be
fully transparent at every stage of the process! The locations will be fully disclosed shortly and updated across our websites. The locations in the UK and the much larger one in Wyoming are to be revealed. There is a University nearby who have written reports on the feasibility of planting trees on the Wyoming site which will also be shared.
Your comment about who gets the carbon offset from the planting of the tree raised some interesting questions which I have sought to answer. One tonne of CO2 (which coincidentally seems to be the industry standard amount of offset from the planting of one tree) is priced anywhere between £10 and £16. The industry is full of scams and a huge number of people have been taken in to date (please feel free to correct any of this information). One thing which is universally the case is that only a small fraction (one estimate as low as 28%) of the actual money raised in the "channel" actually gets spent directly on offsetting, with a massive amount going to brokers, administration and other noise. One of the best things about cryptocurrencies to my mind is that it removes the need for these middlemen.
We are able to provide offset as a service for under half of the lower cost threshold stated above, and this is the price I featured in the opening thread, (albeit I converted it to cryptocurrency). We are accepting donations in Carboncoin at lower than the market value because we wish to stimulate the use of it, we will not be selling this to the market immediately but rather waiting for the true value to be established, in turn perhaps enabling us to do far more.
We will not be claiming any offset from government schemes as this would be classed as double-counting and because we wish to help the environment we have no interest in this.
You need to get professional ie Have a carbon offset scheme available to all coins, brokers, pools (option for the minor)
We are currently working on a site to automatically update the carbon footprint of each cryptocurrency (calculated with sensible assumptions direct from the blockchain) with a percentage of that carbon footprint that they have offset through us, to be launched soon.
We will be taking a 1 tonne for 1 tree approach, but maintaining carboncoin as a currency rather than a credit. Credits will be measured in trees (tonnes) purchased.
I propose a traffic light scheme for all cryptocurrencies, whereby they go amber at 50% offset and appropriately green at 100% offset.
The income from this should go to either or
1. A credible public audited scheme, there are many
Please see details above and understand the requirement to dispense with middlemen.
The scheme we are running is to be fully publically audited. I have spoken to the Forestry Commission in the UK this morning to touch base with them regarding ensuring that trees are planted in as sustainable and environmentally friendly a way as is feasible.
I am also starting the discourse about using them to audit the first and subsequent sites in the UK to show number of trees planted and certify they have been done correctly.
A note on the crypto fundraising: I invite anyone to look up the Wallet addresses stated above on a regular basis. Any outgoing transactions shall be individually justified in a separate page of the carboncoinforest website.
Additionally all possible cares are taken to ensure survival of saplings as well and this is included in our sapling cost.
2. Use a scheme where you get a bigger bang for the buck. IE if I did it in Asia where i live I could get 10 tree planted for every one you do for the same cost
We could be interested in this further down the line but also do not feel comfortable planting unless I have a direct relationship with the landowners to ensure that the forests be appropriately looked after and maintained.
3. Use the money to support organisations that prevent rain forest destruction, IE buy them out.
This, sadly, strikes me as too high risk. We would be sitting ducks essentially biding our time until a goverment got taken over and the land was nationalised. If the locals have found a reason to be permitting this to happen it is going to take more than throwing money at the land to stop it, I fear.
4. The best scheme of all is to sponsor small solar lights for third world nations. They will stop burning fossil fuel for lighting.
It will also save lives and help people stop being slaves to big oil.
Here are some statistics.
a. !.6 billion people do not have electrical lighting
b. 70 billion liters of Kerosene get burned every year for lighting
c. 1.5 million deaths are attributable to this lighting and many are children under 5 years old
d. up to 30% of these people income is spent on lighting.
So you stop the burning of fossil fuels, save lives and and help these families to a better life. I can refer you to many of these organisations that are UN approved.
Kind Regards
Mark Dansie
Revolution Green
This is a very good idea indeed, but it feels a little more humanitarian than ecological. I would want to understand the carbon footprint and resource use of the raw material production, manufacturing processes and distribution mechanism of the devices, for it to be applicable to direct carbon offset.
I have my work cut out for me offsetting the carbon footprint of the entire cryptocurrency industry but once that is done I would without any hesitation put it to vote to devote funds to that cause.
I look forward to your feedback.
Best,
AM
