We are on a mission to drive the bitcoin network to carbon neutral! 🚀
Acknowledging the energy usage of bitcoin
From the earliest days of Bitcoin, the famed cryptographer and computer scientist Hal Finney, a pioneer of early Bitcoin development and a close collaborator of Satoshi, tweeted his concerns about the long term CO2 emissions from widespread bitcoin implementation.
As Bitcoin adoption accelerates, the energy required to power the network has exponentially accelerated. In turn, the carbon footprint of Bitcoin is contributing to climate change, leading to an increasingly negative perception from media, society, and governments.
To Drive The Bitcoin Network Towards Carbon Neutrality
The Sustainable Bitcoin Standard aims to create a market mechanism that will propel the Bitcoin network to reach carbon neutrality by 2025, without disrupting the fungibility of bitcoin.
An internationally reputed Decentralized Autonomous Organization
The Sustainable Bitcoin Standard (SBS) is organized as an open global organization, leveraging the blockchain for public participation in governance. We are designing a multi stakeholder ecosystem composed of miners, institutional asset managers, NGOs, climate scientists, and other stakeholders in the digital asset ecosystem.
Creating incentive through Sustainable Bitcoin Certificates
A Sustainable Bitcoin Certificate (SBC) is an authenticated instrument issued by the Sustainable Bitcoin Standard that allows holders (e.g. institutional investors) to claim carbon neutrality for the BTC held in their possession without disrupting the fungibility of bitcoin. There are several pathways to create SBCs:
In the case of the neutral-at-source, a SBC will be issued to verified miners using renewable energy for every BTC they create (diagram above).
In the case of neutralized-post-production, a SBC will also be created every time a BTC has been neutralized using the cancellation of carbon credits (diagram below).
SBCs will exist as a representation on a Decentralised Ledger Technology, and will be transferable between miners, brokers and institutional buyers, in the same style of RECs.
SBCs may be listed and traded on exchanges, with prices set by the market (similar to Renewable Energy Certificates)
ESG and carbon-minded investors can co-purchase SBCs along with Bitcoin in order to hold carbon neutral bitcoin
Updates and press on the Sustainable Bitcoin Standard
May 25 - We are happy to share that Max Song, Co-Founder of Sustainable Bitcoin Standard, was invited to join a panel of "Why the Future of Mining is Green" at the 2021 Consensus Conference hosted by Coindesk. Max shared the necessity of pursuing a market-based initiative for green mining in...
We are building on the Stacks Blockchain
We are building the first sustainability protocol on the STX blockchain
Making Smart Contracts Available on Bitcoin
Stacks is a protocol that makes Bitcoin programmable, enabling decentralized apps and smart contracts that inherit all of Bitcoin’s powers. Stacks allows us to reimagine our financial system on Bitcoin, making Bitcoin's $760B of capital programmable with smart contracts, and a better financial system on top of Bitcoin that’s open, composable, and without intermediaries.
Developed by a team of PhDs and top-notch tech leaders, Stacks enables a generation of apps that restore balance and ownership on the web. STX was offered via the first-ever SEC-approved token sale and now a coalition of professionally-run organizations support the development and growth of the new internet.
SBS is a Member of the first Stacks Accelerator Program
SBS is being advised and accelerated by a global set of mentors and advisors
SBS is excited to be incubated as a member of the first Stacks Accelerator (https://stacks.ac/), led by Trevor Owens. Mentors of the accelerator include Eric Ries (The Lean Startup), Meltem Demirors (Coinshares), Sergey Nazarov (Chainlink), Albert Wenger (USV), Thomas France (Ledger).
Support the Mission
The Sustainable Bitcoin Standard is supported by the industry and Bitcoiners who recognize the great potential of BTC as an alternative asset class, but also want to address the environmental concerns of its adoption.
We accept financial support at the following bitcoin wallet address:
Get in touch with us through email, we welcome all inquiries and discussions