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Bitcoin Magazine
2018-08-13 15:08:51

Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels ... putting immense pressure on the environment and on our health.”King says that “this is simply not sustainable” and “the pace of innovations and investment in green energy and renewables is not enough to help counteract the use of dirty fuels.”King is focusing his energies as a member of GEAR’s Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology to reduce energy consumption in bitcoin mining that has given bitcoin a bad rap with environmentalists.Aware that the U.S. government is also getting a bad rap from environmentalists, GEAR is hoping to counter any doubts that global climate change is a serious issue. The GEAR team told Bitcoin Magazine:“We want to highlight the increasing importance of investing in green projects and startups, given the changing political landscape against efforts to prevent further global warming, such as the U.S. pulling out of the Paris climate accords.”Indi Pathak, president of GEAR, explained:“Our mission is to use blockchain and crypto to help and give back to the Earth through things such as building more and more tangible, real-world assets, such as hydroelectric farms, sol...