Sunday, July 17, 2022

ESG + Nano discussion

Lets chat about the current world events and how the dynamics are evolving for a fee-less, digital currency. Would like to mention the main reason I love this project is that it was given out for free. Everything else about Nano is a work-in-progress while the world rapidly shifts into another phase.

The fact that a broken, corrupt country like Sri-Lanka scores so high on ESG metrics should raise some concern as to what going green means. I no longer believe in the Nano vs Bitcoin debate - and its pretty clear by now that Proof Of War is vastly more harmful to the planet than Proof Of Work. Add to the fact that EU countries are now firing up coal plants again - bringing to question the carbon footprint(s) argument.

Would it be possible for the Nano Foundation to distance themselves from all ESG platforms and focus on the fact that Nano is fast, distributed, and will not suffer the Registered Securities regulatory phase which is around the corner.

It's been an interesting journey arguing how Nano is "better than BTC" and "Green" however these are no longer strong taglines and it would be a good time for the ethos to evolve.

I have neutral feelings to the actions of the Nano Foundation team, seeing as they will sooner or later have to focus inward instead of aiming to be in the public spotlight. Fate loves irony and there will be a few years of rapid energy use and expansion - followed by the potential emergence of a digital oracle (centralized or not... who knows).

The question is... what to focus on right now to help get the worlds brightest minds out of dire situations. The argument for cutting down on energy, food production and the likes is dead. The world is rejecting the green movement like a bad piece of software.

When it comes to the CBDC project, I wouldn't get too emotionally involved in it because it could be at worse, another PayPal... or at best a Fedwire. The connections and experience that Colin will earn in the process will probably validate the need for XNO as a base layer and leave the CBDC route for institutions and governments who want to know how to start wars - or did we forget what kind of people work at big banks?

I'll finish my points by saying that high inflation rate has essentially taxed businesses to breaking point and we could do so much more as a community by focussing on business building.

Nano - Real money to help build your business.


No comments:

Post a Comment