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

The listed below is a direct excerpt of Martys Bent Issue # 1203: “Do not cede the frame. Energy use is excellent.” Register for the newsletter here.(Source)As you freaks may understand, I believe many in the North American bitcoin mining industry are making a long-lasting strategic mistake in their efforts to calm the environment hysterics of the world by pointing to the reality that lots of bitcoin miners utilize eco-friendly energy and that it will assist “stage out” fossil fuels over time.It is true, many bitcoin miners are benefiting from artificially low electrical energy rates driven by huge aids offered to “green” energy sources like wind and solar throughout the U.S. However, individuals who are driving these miners to stumble and bend the knee over themselves to collect information and compose letters with a lot of signatures from big industry players will never ever be pleased. The mining industry could have an energy mix of 100% “renewables” and the hysterics would find a way to move the goalposts. They are currently starting to do that.Even though Peter might be entirely ignorant to the fact that bitcoin miners may, rather literally, be the only possible users of those “renewable” energy sources, truths dont matter in the hysterical clown world that these individuals live in. Its everything about CONTROL. They can not control bitcoin, so they will find every excuse in the book, no matter how illogical, to attempt to stop bitcoin from succeeding.By ceding the frame to these hysterics and working to appease them, the bitcoin mining market is giving their nonsensical positions validity. Instead, we ought to work to own the frame and develop our frame on realities. And the truths are extremely easy. Human beings are great. Increased energy consumption correlates with increased human flourishing. Hydrocarbons are a vital part of our future. And a bitcoin requirement is going to make the world incredibly energy efficient because of the incentives presented under a sound money requirement and the method bitcoin brings about that standard via proof-of-work with a problem adjustment.Stop acting like a lot of losers who need to plead authorization to make the world a much better location and start acting like a positive group that is currently doing the difficult work that is making the world a better place.I had the satisfaction of taking a seat with Dr. Saifedean Ammous this morning to discuss this topic at length. I extremely suggest you peep the discussion and think tough about how destructive ceding the frame to these individuals can be in the long-run. Its a massive wild-goose chase.

(Source)As you freaks may understand, I believe lots of in the North American bitcoin mining industry are making a long-lasting strategic error in their attempts to calm the environment hysterics of the world by pointing to the reality that lots of bitcoin miners utilize sustainable energy and that it will help “phase out” fossil fuels over time.It is true, lots of bitcoin miners are taking advantage of synthetically low electrical power costs driven by massive aids supplied to “green” energy sources like wind and solar throughout the U.S. However, the people who are driving these miners to bend the knee and stumble over themselves to collect information and write letters with a lot of signatures from huge market players will never be satisfied. They can not manage bitcoin, so they will discover every excuse in the book, no matter how illogical, to attempt to stop bitcoin from succeeding.By ceding the frame to these hysterics and working to appease them, the bitcoin mining industry is giving their ridiculous positions validity. And a bitcoin standard is going to make the world exceptionally energy effective since of the incentives put forth under a sound money requirement and the way bitcoin brings about that basic through proof-of-work with a trouble adjustment.Stop acting like a lot of losers who need to ask approval to make the world a better place and begin acting like a positive group that is currently doing the tough work that is making the world a better place.I had the satisfaction of sitting down with Dr. Saifedean Ammous this morning to discuss this topic at length.