The reports of bitcoin environmental damage are garbage

Too Long; Didn't Read

I have a background in electricity, from when I was an investment banker. I worked in a Natural Resources & Power group for about 8 years and modelled electricity systems and assets in the UK and China in the context of acquisitions, capital raisings, restructurings, and regulatory submissions. One of the banks that I worked for was HSBC, in their emerging markets M&A team, and I know China well. The models, created in groups, were used to support perhaps $4–5 billion equivalent of transactions, including public tender offers, acquisition finance, syndicated loans, and bond sales. The only time I went back to my old business school for course work was for modules offered by Decision Sciences, one of which was an in-depth power systems dynamics course. The financial models were built using @Risk statistical software to apply a distribution shape to inputs. When I left investment banking, I purchased (with partners) an electricity business in Italy that had eight run-of-river hydro plants and two CCGT facilities.