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Buying happiness, bitcoin is killing polar bears, video ready.

Buying happiness, bitcoin is killing polar bears, video ready.
By Tom Littler • Issue #37 • View online
Welcome to the 190 new productivity people who’ve joined since last Sunday. We’re now a smart & curious group of 2578!

Money Can Buy Happiness
Money, as a vehicle to solve problems, relieve stress, and improve quality of life, on the whole, gets bad press. 
Numerous studies are showing that earning anything above a fairly good wage (I think it was around £70k) will not improve your life satisfaction.
I think the problem isn’t that extra money can’t improve our life satisfaction, it’s just that we spend it on the wrong things.
This week I wrote an article on areas of my life where I’ve noticed that throwing money at a problem can, at least help, that problem go away.
I then went through an exercise where I tried to identify what ‘peak money’ would look like for me, i.e at what number would earning any extra have a negligible impact on life satisfaction.
I think it’s important that we all have some kind of financial target in mind, otherwise, we end up optimising for the wrong things. I found out that I need significantly less cash than I initially thought to live my ‘best life’.
I hope this article gives you some perspective on your financial goals. I’d be really interested if you find out if you took anything from it, just reply to this email!
Is Bitcoin Killing Polar Bears?
I’ve been heavily investing in cryptocurrencies recently. The motivation behind this is my firm belief that a fully decentralised world, where the individual has more power, and nation governments far less power, would generally be a good thing for social mobility, life satisfaction and distribution of wealth.
What doesn’t sit so well is the reportedly devasting effect cryptocurrencies are having on the environment. This roundup piece from OneZero summed up the potential adverse effects pretty well
… there’s an inconvenient truth at the heart of the crypto project: Blockchains are computationally intensive, which can translate to tremendous energy consumption. This is particularly true of bitcoin, whose transactions are verified by “miners” running massive banks of powerful computers around the clock in a competitive process.
Estimates of bitcoin’s total carbon footprint vary widely, but they’re all shockingly high. Alex DeVries’ “Bitcoin Energy Consumption Index” equates its energy consumption to that of the entire nation of Chile, and its carbon footprint to that of Slovakia. That’s a small fraction of the impact of sources such as cars and agriculture, of course. But it’s comparable to that of all other data centers in the world. And the greater concern is that, as cryptocurrencies boom in price and popularity, their environmental impact could expand accordingly. Among the most dire predictions was a 2018 paper in Nature Climate Change that estimated bitcoin alone could produce enough emissions to raise global temperatures by 2 degrees Celsius by 2033.
Of course, there are always two sides to every story. This research study points out that blockchains aren’t inherently hugely energy-intensive, it’s just that cryptos such as bitcoin are based on very old technology that was not built to optimise for energy consumption.
I still need more time to get my head around this complex issue, but the rational optimist in me believes that blockchain is too powerful a technology, and we will find an answer to process transactions through the blockchain in a more environmentally friendly way, we just need to build new technologies with this consideration front and centre.
This Week on Youtube
Is Notion Killing Your Creativity?
Is Notion Killing Your Creativity?
What I'm Reading
They say the first 25 years of your life are characterised by the books you read, and after that the books, you re-read.
This week I’ve picked up probably my favourite book on what’s in store for the future of the human race. I honestly think this is on a par or if that not better than Sapiens for the clarity of thought and objective perspective that’s taken to analyse how we go to where we are as a species, and where we are going.
Stickies are in prototypes are working well. The team are meeting to film our launch video the weekend after next. As soon as that’s done we should be in a pretty good position to launch!
If you got some use out of today’s issue, spread the word by sharing this link with a mate! Keep the subs rolling…
Did you enjoy this issue?
Tom Littler

Tech, life, entrepeneurship

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