Reading List

2021

September

https://crv.to/ (a nice curve front-end)
https://gov.powerpool.finance/
https://etherchain.org/burn
https://app.aladdin.club/#/dao
https://telegram.me/s/canyacoin?before=617

2020

November

Curve Market Data: https://curvemarketcap.com
FTX whitepaper: https://ftx.com/static/media/ftt-white-paper.92bb0d80.pdf
DefiDollar

Dapp: https://app.dusd.finance/
DFD/DUSD Pool: https://pools.balancer.exchange/#/pool/0xd8e9690eff99e21a2de25e0b148ffaf47f47c972/
DUSD/USDC Pool: https://pools.balancer.exchange/#/pool/0xed5ad5f258eef6a9745042bde7d46e8a5254c183/
Docs: https://docs.dusd.finance/

https://mkrgov.science/
https://esd.tools/

October:

SNX Staking: https://blog.synthetix.io/what-you-need-to-know-before-staking-snx-for-the-first-time/

Filecoin Block Explorer: https://filfox.info/en
Filecoin Storage Price: https://filstats.com/

Grid+ Lattic Shipping: https://blog.gridplus.io/from-idea-to-reality-the-first-lattice1-hardware-wallets-have-shipped-5e9672e89c32

N with arrow: https://www.google.com/search?q=symbol+n+arrow+squatting
N with arrow: https://www.tandfonline.com/doi/abs/10.1080/13604813.2019.1615772?journalCode=ccit20

Swiss Crypto Fund: https://cryptoconsultingag.ch/
Tx Street: https://txstreet.com/v/eth

Snowswap Data: https://explore.duneanalytics.com/public/dashboards/MUwFKPGRk7FaVh2YhFpRUNmHnx2V1gSyhybYRpPj

Harvest ($farm) https://medium.com/@harvestfinance/week-8-update-welcome-to-the-good-life-migration-complete-cf72137fc6eb

Liquidity based inflationary token: https://andrecronje.medium.com/crypto-economics-perpetual-liquidity-and-il-offsets-197558347a53

harvast.finance economial attack
https://app.zerion.io/0x3811765a53c3188c24d412daec3f60faad5f119b/history
https://etherscan.io/address/0x3811765a53c3188c24d412daec3f60faad5f119b

Repeatably did this, $66M each on curve:
https://etherscan.io/tx/0x9d093325272701d63fdafb0af2d89c7e23eaf18be1a51c580d9bce89987a2dc1
https://etherscan.io/tx/0xdc4db0312149bc13607d07ec889ae96a8527866bbf40aedf09183a1c6ea6c4a8
https://etherscan.io/tx/0x9ab36df290ab78f52f3e9be8c43a6b1d61ea80ec2f401a09040a02f08fca62ab
https://etherscan.io/tx/0x8ed270d3370fbc4499b66178df7ca3fb00772e8e4734801ad6d41776cd6ec435

https://etherscan.io/tx/0xb460b70f11a93364fecf1f3c3ec49f053aecd2d6d9912c012170aa7a0de2d526

Twitter Analysts on this even:
https://twitter.com/jiecut42/status/1320603188219809793
https://twitter.com/PancakeBunnyFin/status/1320615018568708097
https://twitter.com/valentinmihov/status/1320674417228292096
https://twitter.com/bneiluj/status/1320686478486347778

My take:
https://twitter.com/martinkrung/status/1320753935217557506?s=20

energyweb $EWT
https://www.energyweb.org/
https://www.coingecko.com/en/coins/energy-web-token
https://medium.com/energy-web-insights/origin/home

Plasm
https://lockdrop.plasmnet.io/#/lock-form/dusty-eth

nucypher
https://blog.nucypher.com/the-worklock/
https://explore.duneanalytics.com/public/dashboards/j73NOYobA6gTSxnWK9K1VPwxCZNdju4Qudggparh
https://sci.smithandcrown.com/projects/nucypher
https://github.com/nucypher/validator-profiles

Smarc
https://smartcontainers.medium.com/smarc-token-swap-starts-8e83d6550d0

sushiswap
https://forum.sushiswapclassic.org/
https://sushiswap.levx.io/
https://hackmd.io/LJb2M-vJSYOZmxhe2ISJzg

Etherisc
https://blog.etherisc.com/come-on-in-were-open-8a5712c961e

AI
Tensorflow in Browser: http://playground.tensorflow.org
Number recognition in Browser and visualisation: https://www.cs.ryerson.ca/~aharley/vis/conv/flat.html
DeepFaceDrawing Impementation/Upload: http://www.geometrylearning.com:3000/index_EN_621.html
DeepFaceDrawing: Deep Generation of Face Images from Sketches: http://geometrylearning.com/DeepFaceDrawing/
https://lrpserver.hhi.fraunhofer.de/visual-question-answering/

DraculaProtocol
DraculaProtocol Security audit: https://github.com/valo/publications/blob/cdda80e28a9462dc1761c214f18ee247ee682a0e/Smart%20Contract%20Reviews/Dracula%20Protocol/Dracula%20Protocol%20Security%20Review.md
DraculaProtocol Treasury: https://etherscan.io/token/0xb78b3320493a4efaa1028130c5ba26f0b6085ef8?a=0xa896e4bd97a733f049b23d2aceb091bce01f298d#tokenAnalytics
DraculaProtocol and opportunisic liquidity: https://explore.duneanalytics.com/public/dashboards/fmGA4QkiKhLXzaWM6K6kqVE5lUJDnrVRPIF3J9IV
DraculaProtocol: https://dracula.sucks/

Gas Price Charts: https://explore.duneanalytics.com/public/dashboards/ZN89dYu9g2ErUDWhEJJbLlsXxZRAiOprTL0eGdU6
Skale Mainnet: https://countdown.skale.network/
Skale Tokenomics: https://skale.network/token/
Snowswap Tokenomics and Distribution: https://medium.com/snowswap/f-k-making-it-rain-were-making-it-snow-e60b64ad1292
Snowswap: https://snowswap.org

September:

Gas Usage Chart: https://ethereumprice.org/gas/
NFT on etherscan: https://etherscan.io/tokens-nft
$SAFE: https://www.coingecko.com/en/coins/yieldfarming-insure
Stats about yInsureNFT from Nexus: https://stats.finance/yinsure
Dodos claim to have solved Impermanent loss: https://medium.com/dodoex/why-there-is-no-impermanent-loss-on-dodo-4d82b2b532bc
$SAFE mining https://yieldfarming.insure/
$SAFE https://medium.com/@yieldfarminginsure/week-1-of-launch-6b5b7fd5b108
yearn inssurance dapp: https://yinsure.finance/
yVault ROI: https://yvault-roi.netlify.app/
Toxic Flow and AMM: https://insights.deribit.com/market-research/toxic-flow-its-sources-and-counter-strategies/
My thoughts about sashimiswap: https://twitter.com/martinkrung/status/1304417323902787586?s=20
Data insight for Daps: https://dappradar.com/
Mooniswap Data Insight: https://mooniswap.info/
Sashimi: https://sashimi.cool/
Sashimi Gov: https://snapshot.sashimi.cool/
1inch expandes to Tron: https://medium.com/@1inch.exchange/1inch-partners-with-tron-for-justswap-and-mooniswap-integration-101fb6dbee36
Sushiswap Data Insight: https://sushiswap.vision/
Codebase for DxDao: https://dxdao.eth.link/#/codebase
A Dashboard for DAOs: https://deepdao.world
What is Perpetual Protocol: https://medium.com/@perpetualprotocol/what-is-perpetual-protocol-36db9db89169
Perpetual Protocol Token Sale: https://perp.fi/lbp/
Token Distribution with Liquidity Bootstrapping Pool from Balancer: https://docs.perp.fi/getting-started/token-distribution-faq
Vollgeld: https://de.wikipedia.org/wiki/Vollgeld-System
Seigniorage und Notenbankgewinn: https://www.snb.ch/de/mmr/reference/quartbul_1998_4/source/quartbul_1998_4.de.pdf
Seigniorage and the Transfer of Central Bank Profits to the Government: https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-6435.00038

Seigniorage: https://www.investopedia.com/terms/s/seigniorage.asp
SushiSwap's Vampire Scheme: https://thedefiant.substack.com/p/sushiswaps-vampire-scheme-hours-away
First YFI Newsletter: https://yearn.substack.com/p/yearn-finance-newsletter-1

August 2020

Dusd App: https://app.dusd.finance/
Yearn Dashboard: https://feel-the-yearn.app/
Spartan Protocol: https://medium.com/@spartanprotocol/announcing-the-spartan-protocol-e15af93a8a8f
Signum and Galuxus testing DCHF https://www.startupticker.ch/en/news/august-2020/replacing-cards-by-a-bank-issued-stablecoin-for-e-commerce-transactions
"Vampire Mining" https://yieldfarmer.substack.com/p/sushiswap-vampire-mining-alpha-tractor citing my Vampire Attack and Migratin Mining Articles
Sushi overview Dashboard: https://sushi.zippo.io/
Sushiswap App: https://sushiswap.org/
About Sushiswap: https://medium.com/sushiswap/the-sushiswap-project-c4049ea9941e
Tokenomics of NXM: https://threadreaderapp.com/thread/1292500127047979014.html
Mooniswap, a AMM with less impermanent loss: https://medium.com/@1inch.exchange/1inch-revolutionizes-automated-market-maker-amm-segment-with-mooniswap-e068c20d94c
Short version about Mooniswap: https://www.theblockcrypto.com/linked/74454/1inch-launches-automated-market-maker-mooniswap
Polkadot vs Cosmos : https://wiki.polkadot.network/docs/en/learn-comparisons-cosmos
Polkadot vs ETH2: https://wiki.polkadot.network/docs/en/learn-comparisons-ethereum-2

July 2020

https://medium.com/iearn/yfi-df84573db81
About Shell and cowri: https://cryptobriefing.com/project-spotlight-cowri-labs-shell-protocol/
Nexus Mutual Understanding pooled staking: https://medium.com/nexus-mutual/understanding-pooled-staking-a32d1bca843d
The State of AMMs: https://defiweekly.substack.com/p/the-state-of-amms-462
MTA / musd: https://medium.com/mstable/our-new-meta-mta-genesis-event-9e5bdd1890c8
Mint msud: https://app.mstable.org/
musd on defipuls: https://defipulse.com/blog/introducing-mstable/
Ampl/geyser: https://www.ampltalk.org/app/forum/ampl-geyser-19/topic/geyser-post-launch-faqs-41/
About $hodl: https://www.dfohub.com/
Airswap/$AST: https://research.binance.com/en/projects/airswap
Monolith / $TKN https://medium.com/monolith/monolith-dex-the-defi-one-stop-shop-2ba1166197da
Monolith Card Homepage: https://monolith.xyz
More on Kyber Fed Price Reserve: https://blog.kyber.network/kyber-automated-price-reserve-apr-capital-efficient-low-slippage-market-making-97886db6498d
Kyber Fed Price Reserve: https://blog.kyber.network/kyber-fed-price-reserve-fpr-on-chain-market-making-for-professionals-7fea29ceac6c
KybersDaos first vote: https://gist.github.com/mingyeow/5ef4380f75d4b368d8fa8ea61666c13c
MCDEX Liquidity Mining Guide: https://medium.com/@montecarlodex/mcdex-liquidity-mining-guide-d928f3383b7b
What is MCDEX? https://defipulse.com/blog/mcdex/
Next 6-12 month on Ethereum: https://twitter.com/R_Tyler_Smith/status/1280545450572099584
Coinbase futurs: https://www.coindesk.com/coinbase-exploring-stock-market-listing-reuters-reports
Kyber Dao is Live: https://blog.kyber.network/katalyst-and-kyberdao-are-now-live-19ee6a6eb77e#8d16
Busiest ERC 20 DAP in June: https://insights.santiment.net/read/here's-what-june's-busiest-erc-20-dapps-have-been-working-on%F0%9F%8F%97%EF%B8%8F-5894
Ampleforth 30 days -> 10 days adjustments: https://medium.com/ampleforth/ampleforth-update-we-are-speeding-up-supply-adjustments-57a48c5166e6

June 2020

The Graph Network: https://thegraph.com/blog/the-graph-network-in-depth-part-1
The Graph (GRT) has raised $5 m: https://www.coindesk.com/coinbase-ventures-invests-in-5m-token-sale-for-ethereum-data-firm-the-graph
Balancer Liquidity Mining: https://medium.com/balancer-protocol/proposing-balancer-liquidity-mining-cab4503972fa
Chainlink on AMM and Bancor V2: https://blog.chain.link/challenges-in-defi-how-to-bring-more-capital-and-less-risk-to-automated-market-maker-dexs/
Ready Layer Two: https://thedailygwei.substack.com/p/ready-layer-two-the-daily-gwei-11
Plsma with OMG: https://omg.network/omg-network-scales-ethereum/
L2 Synthetix Exchange meets the OVM: https://medium.com/ethereum-optimism/synthetix-exchange-meets-the-ovm-2de3a572d6df
Nexus Mutal Member Upgraded Staking: https://medium.com/nexus-mutual/pooled-staking-is-here-b201d10264e5
Nexus Mutal Member Vote: https://medium.com/nexus-mutual/new-governance-proposals-are-in-place-to-enable-key-milestones-on-our-roadmap-c1cbb6ec0d4e
How to create WETH on testnet: How to wrap ETH to WETH (on testnet or even mainnet)
WETH: https://blog.0xproject.com/canonical-weth-a9aa7d0279dd
Bancor V2 internals: https://blog.bancor.network/calculating-dynamic-reserve-weights-in-bancorv2-538b901bcac4
Edgeware Staking: https://medium.com/figment-networks/how-to-stake-your-edgeware-on-the-polkadot-explorer-9f9ac6699543
WIRECARD – THE “GERMAN ENRON” & A VERY PERSONAL HISTORY 2008-2020: https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/
$100 lending test on different lending plattforms: https://defiprime.com/stablecoins-lending-experiment
Chainlink Oracle for gas: https://feeds.chain.link/fast-gas-gwei
The good old ICO way, partnership = some email exchange: https://thedefiant.substack.com/p/coinbase-not-aware-of-partnership
Setup of Custom Market Maker: https://docs.gnosis.io/protocol/docs/tutorial-cmm/
Custom Market Maker for Gnosis Protocol: https://docs.gnosis.io/protocol/docs/intro-cmm/
Detailed Risk for Token by Aave: https://docs.aave.com/risk/asset-risk/risks-per-currency
Risk for Token by Aave: https://defirate.com/aave-risk-framework/
Kyber on Bancor V2: https://blog.bancor.network/announcing-kyber-network-crystal-knc-as-a-bancor-v2-launch-pool-b74170f259df
Zurück zum Gold?: https://threadreaderapp.com/thread/1250429894762172418.html
Sentiment for some Chains/Project in June 2020 (a booring read) https://insights.santiment.net/read/5879
What is substrat (a SDK): https://www.parity.io/what-is-substrate/
Liquidity Mining: https://ethereumprice.org/newsletter/liquidity-mining-bubble-will-eclipse-the-ico-craze/
$COMP and liqudity mining: https://twitter.com/SpartanBlack_1/status/1274148656673746945?s=20
Ethereum Block Gas Limit discussion: https://twitter.com/peter_szilagyi/status/1273921434700730369
Blockchain Regulierung in der Schweiz: https://www.moneycab.com/finanz/nationalrat-setzt-bessere-rahmenbedingungen-fuer-blockchain/
Zksync Mainnet: https://medium.com/matter-labs/zksync-is-live-bringing-trustless-scalable-payments-to-ethereum-9c634b3e6823
Bitcoin Mnemonics GPU Brute Force: https://medium.com/@johncantrell97/how-i-checked-over-1-trillion-mnemonics-in-30-hours-to-win-a-bitcoin-635fe051a752
Bancor Hack: https://medium.com/@1inch.exchange/bancor-network-hack-2020-3c71444fd59d
Bancor Hack: https://blog.bancor.network/bancors-response-to-today-s-smart-contract-vulnerability-dc888c589fe4

2019

More on returns on Uniswap https://medium.com/@pintail/understanding-uniswap-returns-cc593f3499ef
Uniswap and impermanent loss: https://medium.com/@pintail/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2
dutchx stats, now defunct: https://dutchx-stats.now.sh/
Tracking the Tether (USDT) risk premium: http://www.untether.space/

Crypto Future and Investments Thesis

2050

  • Distribution of money will be as head issuance

2040

  • The rise of decentralized service

  • Money streaming will be the norm

2030

  • Companys will distribute a fraction of stocks on every sale (As kickback for their buying costumers)
  • Bitcoin will be running as a Ethereum Shard!

2024

  • The flippening: Ethereum will surpass Bitcoin marketcap
  • Ethreum 1 will run in a Ethereum 2 Shard!

2022

  • Raising of a other Generation 3 Chain then Ethereum 2 (Polkadot/ Cosmos/Atom, ??)
  • The eatening: More transcations of BTC will happen on ethereum then on BTC itself.
  • Layer 2 Gateway in Production on Ethereum 1

2021

  • Ongoing Ethereum 1 to Ethereum 2 transition
  • Ethereum 1 will not die off, but stay POW forever
  • Liqudity pool DEX going Layer 2

2020

  • DAOs
  • Hybrid Dex
  • Layer 2 Order Booked based DEX getting traction
  • Improvment of liqudity pool DEX Uniswap V2 / Balancer / Bancor

2019

  • Upcomming third generation chains
  • Staking
  • Lending on Defi
  • Defi

Crypto Projects in which I did research/invest/test/traded/support/run

2021

  • Contibutor for AladdinDao
  • Full time contibutor for DXdao - Product Owner for IDO Plattform
  • $socks owner

2020

  • Publish my articles about the Vampire Attack and Migration Mining: my twitter followers jumped 2000+
  • Providing Liquidty for mesa
  • CPU Mining Kulupu, the first Proof of Work Polkadot Parachain
  • Research: Ampleforth and other algoritmic stablecoins
  • Research: Every different AMM protocol and IL
  • Articles: about different metrics for AMM
  • Testing 2 Layer DEX on Ethereum: Loopring, deversify.com, IDEX 2.0
  • Research and Invest into fairmint via its first CSO (Continuous Security Offering)
  • Farming season
  • Liquidty in: mesa, curve, cream, aave, sushiswap, mooniswap, uniswap, mUSD, balancer,

2019

  • Providing Liquidity on Uniswap and Curve
  • Running a Delegetor for Testnet for Kava, a Polkadot Smart Contract Zone
  • Lockdrop for Edgeware, a Smart Contract Polkadot Parachain
  • Member of Nexus Mutual, a on-chain smart contract insurance project
  • Lending: Compound, dYdX, Nuo Network
  • Invest into sets of TokenSets automated asset management strategies
  • Trading: KyberNetwork
  • ICO: Rune on Binance DEX
  • IEO Flipping on Binance
  • Founding MOD Holders Association: The purpose of the Association is to defend and represent the interests of MOD holders towards modum.io AG, its majority shareholders, Board of Directors, and Executive Management

2018

  • Research: LakeDiamond, a failed Swissquote ICO (It's not an investment, It's a donation)
  • ICO: Etherisc a Decentralized Insurance Protocol
  • Research and Use Kleros/Pinakion (PNK) a decentralized Court System. Be a Juror in two cases.
  • CPU Mine Ameveo
  • Staking: Particl

2017

  • ICO & ICO Flipping: Rocketpool (RPL), Modum (MOD), Smart Container (SMARC), Legolas Exchange (LGO), Valid/Vetri (Vetri), Aeternity (AE), SwissBorg (CHSB), Utrust (UTK), EOS, Experty
  • Trading/Invest: HelloGold (HGT), GRID+
  • Trading: Shorting XRP on poloniex, not a good Idea. "The trend is your friend - or not!"
  • Research: Melonport, X8currency, Wetrust, Waves, Incent, Sentiment
  • Staking: NavCoin, Particl, Pivx

2016

  • ICO: Lykke (LKK)
  • Shorting ZCash on Bitmex, ZCash was overhyped and startet with 1 ZCash = 1 BTC Value
  • Invested into "The DAO" the frist DAO ever, hack and community split leads to Ethereum Classic (ETC)
  • Research: MakerDao, Synereo, Zclassic, strorj
  • Monero (XMR)
  • Exchanges: Got a Mtgox Account but never used (gladly)

2015

  • CPU Mining Ethereum on a Mining Pool

2014

  • Hijacking swisscoin SWC, a generated Bitcoin clone
  • ICO: Ethereum public sale
  • Quarkcoin, Fairquark, Vertcoin,

2013

  • Sold all BTC near the 2013 top
  • Selling BTC/Litecoin/Primecoin on ricardo.ch until they ban it
  • Mining Peercoin and Primecoins on ypool Peercoin (First POS Coin ever)
  • Infinitcoins, ColossusCoin, FeatherCoin

2012

  • Not time

2011

  • Discover Bitcoin in 2011 and bought 5 BTC an the price of 11€ over BitMarket.eu
  • CPU mining BTC on a Mining Pool eligius

Work / Earn / Vote and Delegate for DAOs

Analytics

Motivation

Beeing on a transformation jobwise I think a lot about different work models and how this is going to change in the futur. The crypto space is not only about digital money, it's also a space who tries to shape how human wordwide will coorporate in a decentralized way together. Beeing a crypto native and looking for work in this area this research is about how to be part of this and how to aproch different DAOs and Projects to get compensated for my work.

Whats a DAO

DAO stands short for decentralized autonomous organization. The main idea is that this kind of organization are managed on a decentralized blockchain like Ethereum. Normally governance is made on-chain with some member tokens which are used to vote for or against proposals from members. To be a member some DAOs Tokens available on the market, some are non-transferable. Some DAO Tokens are money like and income from projects are bought by market price and then burnt, thus leading to a deflationary model. DAOs come in any kind and structure because this kind of organization are still evolving.

[1] https://en.wikipedia.org/wiki/Decentralized_autonomous_organization

History of DAOs

One of the first DAOs on Etheruem was The DAO (Đ) in 2016. The crowdfunding campaign did raise 11.5 Million ETH which had a value of $150 million back then. I did take part in the crowdfunding and invested some ETH from ethreums public sale. Not only did the code of The DAO get hacked and this event was reverted by a hardfork of the Etheruem chain, but also philosophy of this DAO was a failure because it has been to complex to start with this kind of organization.

[2] https://en.wikipedia.org/wiki/The_DAO_(organization)

Strategies to work for DAOs and earn some token/money.

Some well know DAOs

s are a new form of organizing poeple over

https://www.reddit.com/r/gnosisPM/comments/hfo7cy/new_gno_incentives_for_providing_liquidity_using/

https://explore.duneanalytics.com/public/dashboards/Iv4yqKZTLPjlzijOYqnmlqjMrKtaJ0ce9nXDFI2k

http://deepdao.world

Strategies to work for DAOs and earn some token/money.
Hands on.
aproach?
pricing
proposals
responsibilitys
quality control
eigener token?
UX Feedback
Framework for DAO Work?

Iqfinex – a defunct shady crypto exchange

A shady crypto exchange called IQFINEX

This exchange is not working properly. Ownership is unclear. It did/does have MOD Token (modum) and this is the reason some trading of mod was happened here. Since an update the beginning of 2020 they enforce KYC without warning and even then it's not working. See this telegram group I did initiate: https://t.me/IQFINEXUserAssociation (Unofficial support group for a shady crypto exchange called IQFINEX)

Link: https://www.iqfinex.com/en/

Registerd here:

XTM Capital Ltd
ST. VINCENT AND THE GRENADINES
25478 BC 2019

Iqfinex Hot-Wallet:
https://etherscan.io/address/0xe180f895be1d35bb50c6861ca9473c25b0b73870

Old Iqfinex Hot-Wallet

https://etherscan.io/address/0x619a659b4e280691c66899cc8e35c34300acd454

Why Bitcoin will never be 1 Million $

My thesis is that this will not be allowed by governments around the world and they will ban bitcoin for is huge electricity demand.

To generate new Bitcoin electricity is needed in a process called mining. In the time of writing 6.75 Bitcoin are produced by this process every 10 minutes.

We start this calculation with a Bitcoin price around 10'000$. To generate a new Bitcoin somebody is willing to invest in Hardware for 500$ and buys electricity for around 9'000$ to earn 500$ per bitcoin.

In May 2020 bitcoin mining uses around 60 TWh per year. [1] Yearly world consumption in electricity was 2017 21 372 TWh [2]. So bitcoin mining uses around 0.28% world electricity.

If bitcoin has a value of 1 Million, somebody will be willing to invest in 50'000 Hardware and buy 900'000$ for electricity to earn additional 50'000$ per bitcoin.

If Bitcoin price increases 100 times, energy consumption will also multiply by 100. So we end up bitcoin using 28% of the world's electricity for producing bitcoins.

There are even people out there they tell us BTC price will go up to 10 Millions. Then Bitcoin mining would use 280% of the worlds electricity!

Every bitcoin halving of the block reward will make also this calculation half, so they may be some hope left.

[1] https://digiconomist.net/bitcoin-energy-consumption
[2] https://www.iea.org/reports/electricity-information-2019 "2017 world total final electricity consumption reached 21 372 TWh"