Here at MindLift, we’re happy to announce that we’re going to start allowing our customers to buy mushrooms with crypto as an alternative to e-transfers. Here, we’d like to explain why we’re looking forward to opening ourselves up to the crypto community.
We appreciate the original ideals of the cryptocurrency movement. When Bitcoin was originally created it was in the wake of the 2008 Financial Crisis. Governments around the world were using the tax dollars of the people to help prop up banks from falling due to their own financial indiscretions. In the very first mined block (the ‘genesis’ block) the pseudo-anonymous creator of Bitcoin makes reference to a newspaper article describing this phenomena: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” .
At MindLift, we were also disgusted with the ease in which governments seemed so eager to appropriate people’s money to cover the losses incurred by irresponsible private financial institutions.
That said, cryptocurrency is not without it’s flaws. The Proof of Work algorithm that bitcoin and many other cryptocurrencies rely upon, requires a great deal of energy (the bitcoin network alone, exceeds the energy consumption of Argentina).
But it’s important to not throw the baby out with the bathwater. Many cryptocurrencies are moving to a ‘proof of stake’ model, much less computationally, and energetically, intensive.
Furthermore, even in the case of bitcoin. Does the bitcoin network exceed the energy consumption of the traditional banking system? Of the precious metal industry (mining of gold and silver, etc.)? The answer is no.
In Summery: Buying Mushrooms with Crypto
At MindLift, we believe the benefits of having an alternative decentralized monetary system ultimately outweigh the downsides.
Furthermore, although we personally believe it’s very safe to purchase psilocybin over the internet in Canada, there are still some people who would rather not leave a paper trail. For those anonymity-obsessed individuals, the ability to buy mushrooms with crypto is a massive boon.