Brave new world: Bitcoin opens digital frontier in global clean energy transition

You could argue that "uncertainty" and "lack of foresight" are two sides of the same coin: reverse them, and you have "certainty" versus "foresight". These characteristics speak to one enduring quality: conviction. If you act (and invest) with conviction, in a small way you help to create the future you want to see.

Listening to the tech guys trying to lease mobile bitcoin mining rigs to oil companies, their conviction comes across very strongly. And the way they talk about their conversations with oil executives, it seems that a lot of these guys are (understandably) preoccupied with immediate concerns such as: cash flow, short term liabilities, corporate solvency.

That might have changed a bit with the oil price recovery, but there is a culture of short termism among too many listed oil companies. Execs are rewarded for short term wins, even those that are detrimental to long term shareholder value. That's why Wall Street hates the shale patch.

Imagine if there was a wholesale shift in the way these oil guys think, act and invest. Imagine if they had a credible view of what the future might look like, and their role in it. I think this gets to the nub of the issue: they don't have a clue what to do, and are winging it from one day to the next!