Name: Bitcoin Will Use Energy And It Doesn’t Need To Be Renewables
Brand: bitcoinmagazine.com
SKU: bitcoinmagazine-com-11
Availability: OnlineOnly
Rating: 100 (1 reviews)

critic

Bitcoin Will Use Energy And It Doesn’t Need To Be Renewables

preview

Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.

As you freaks may know, I believe many in the North American bitcoin mining industry are making a long-term strategic mistake in their attempts to appease the climate hysterics of the world by pointing to the fact that many bitcoin miners leverage renewable energy and that it will help "phase out" fossil fuels over time.

It is true, many bitcoin miners are taking advantage of artificially low electricity prices driven by massive subsidies provided to “green” energy sources like wind and solar across the U.S. However, the people who are driving these miners to bend the knee and stumble over themselves to collect data and write letters with a bunch of signatures from big industry players will never be satisfied. The mining industry could have an energy mix of 100% "renewables" and the hysterics would find a way to move the goalposts. In fact, they are already starting to do that.


Even though Peter may be completely ignorant to the fact that bitcoin miners may, quite literally, be the only potential users of those "renewable" energy sources, facts don't matter in the hysterical clown world that these people live in. It's all about CONTROL. They cannot control bitcoin, so they will find every excuse in the book, no matter how illogical, to try to stop bitcoin from succeeding.

By ceding the frame to these hysterics and working to appease them, the bitcoin mining industry is giving their nonsensical positions validity. Instead, we should work to own the frame and build our frame on facts. And the facts are very simple. Humans are good. Increased energy consumption correlates with increased human flourishing. Hydrocarbons are an essential part of our future. And a bitcoin standard is going to make the world extremely energy efficient because of the incentives put forth under a sound money standard and the way bitcoin brings about that standard via proof-of-work with a difficulty adjustment.

Stop acting like a bunch of losers who need to beg permission to make the world a better place and start acting like a confident group that is already doing the hard work that is making the world a better place.

I had the pleasure of sitting down with Dr. Saifedean Ammous this morning to discuss this topic at length. I highly recommend you peep the conversation and think hard about how detrimental ceding the frame to these people can be in the long-run. It's a massive waste of time.

Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.

As you freaks may know, I believe many in the North American bitcoin mining industry are making a long-term strategic mistake in their attempts to appease the climate hysterics of the world by pointing to the fact that many bitcoin miners leverage renewable energy and that it will help "phase out" fossil fuels over time.

It is true, many bitcoin miners are taking advantage of artificially low electricity prices driven by massive subsidies...

Great Context

public

Editor in Chief of Marty's Ƀent, a daily newsletter about #Bitcoin. Host of @TFTC21, a podcast about Bitcoin. Subscribe. Building digital pipelines - @GAMdotAI

Marty Bent

The Most Trusted Voice In #Bitcoin • Daily News 📫 http://b.tc/subscribe • Learn & Earn⚡️http://b.tc/21days • Conference 🎟 http://b.tc/conference • Watch & Learn 🎥 http://b.tc/youtube

bitcoinmagazine.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Andy Miller

Bitcoin Will Use Energy And It Doesn’t Need To Be Renewables

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS