Bitcoin Offers A Solution To The Global Farming And Economic Crisis

An estimated 16,000 to 20,000 people gathered in London to protest a proposed inheritance tax on family farms. Television presenter and farmer Jeremy Clarkson told the crowd that the tax was “the final nail in the coffin for British farming.” The piece links the proposed inheritance tax with wider pressures on farming, including energy costs, subsidies, jobs, tax receipts and food security.

Bitcoin mining is presented as one possible way for farms to use excess or stranded renewable energy and generate additional income, with the example of a tulip farmer in the Netherlands who uses heat from solar-powered mining rigs to warm a greenhouse and reduce dependence on natural gas. The piece also makes the case for bitcoin as sound money with a fixed supply, drawing on Saifedean Ammous’s idea of “fiat food” and quoting UK bitcoiner Russell Rukin on food self-sufficiency.