Chevron’s climate plan: Use wind and solar power to drill for oil https://grist.org/energy/chevrons-net-zero-climate-plan-use-wind-and-solar-power-to-drill-for-oil/amp/
I couldn't laugh 😆
El Salvador government spends $4,672 in electricity to mine $269 in bitcoins https://www.elsalvador.com/noticias/nacional/nayib-bukele-bitcoin-mineria-alto-costo-energia-electrica/885523/2021/
The only practical application of the Lightning Network’s existence is to pretend Bitcoin doesn’t have a scaling problem. In reality it only really scales via trusted third parties, i.e. by not using Bitcoin. https://twitter.com/hudsonjameson/status/1441852146945826819
Bitcoin mining is great for stranded fossil fuel assets https://twitter.com/oliviasolon/status/1441720001396973571
The orange dot is a billionaire and the backtrace is their autobiography explaining how you can be successful just like them. https://twitter.com/matthen2/status/1440443280827699206
Michael Saylor was right after all.
#Bitcoin is Real estate :
Chinese real estate apparently, crashing with it.
We quantified there’s about 2.9 million machines. If they last for 1.5 years, then less than 80.000 of them will ever create a single block at all - more than 97% of machines will be discarded without even producing a single useful contribution ever. https://twitter.com/smdiehl/status/1438861637079941120
#Bitcoin is freedom to people (except they don't really want it and are forced to adopt it).
A worthy read.
"Setting up this sort of national payment provider might even be a good and useful idea — if it wasn’t being implemented by a CLOWN show." 🤡
Random fun fact: a single Bitcoin transaction has the same carbon footprint as a little over 40 million Tweets. https://twitter.com/bitcoinmagazine/status/1427744817937793028
After a 50% drop following China's ban, Bitcoin's footprint is increasing rapidly and steadily : miners are settling again.
It raised by 45% in one month, from 33 to 48 million tons of CO2 / year, almost reaching the footprint of Sweden (50 Mt / year).
Any Bitcoin price prediction should be accompanied by proper disclosure on what that price level will mean in terms of environmental damage. “If Bitcoin hits $500,000, mining it will spew more CO2 than Mexico or Brazil.” https://fortune.com/2021/08/16/bitcoin-500k-carbon-footprint-co2-mexico-brazil/
Another source here, speaking about millions worth of crypto being seized by US authorities :
Daily reminder that bitcoin maxis are the worst human beings on the planet https://twitter.com/maxkeiser/status/1427280912518025225
*Bitcoiners : "Wars would not happen with #bitcoin. You could not finance them."
*Terrorists : "Hold my alcohol-free beer"
Sounds like a ~100MW farm - on the Texas grid that means emissions equal 50 metric tonnes of CO2-eq per hour. That easily exceeds emissions of a flying Boeing 747 (except these Bitcoin mines never stop). https://twitter.com/BitcoinMagazine/status/1427594964633063424
With the recent events in Afghanistan, just a friendly reminder. #Bitcoin's role in funding terrorism has been a topic for years. Bitcoin is basically a vehicle for crowd-funding the Djihad.
Technology won't save us. Bitcoin is not a solution to anything.
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