In its blog today, IMF just penned some 2021vintage energy FUD about Bitcoin

"Bitcoin uses as much energy as "

Mainstream media and the scientific community no longer use this claim. Why? Because it is a known misleading statistic.

Much of Bitcoin's energy usage is from stranded, wasted sources that others cannot utilize. It has also been shown in 22 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to)

source: https://x.com/DSBatten/status/1923014527651615182

Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society.

source: https://x.com/DSBatten/status/1833875802326175939

Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categorized previously here --> https://x.com/DSBatten/status/1873558000230978046

and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: https://bitcoinmagazine.com/featured/how-the-imf-prevents-global-bitcoin-adoption-and-why-they-do-it)

Its perspective on Bitcoin is neither neutral nor objective.

Reply to this note

Please Login to reply.

Discussion

Maybe we should tell them about AI and AI's energy consumption?

The IMF is the world’s biggest concern troll.

"money reigns the world and he who controls the money controls the people"

no conflict of interests detected.

Tell the IMF to hope it. We make our own power for our $BTC PoW

It’s only a matter of time before they start selling those countries bitcoin instead of debt. Bitcoin still can not survive without FIAT, Hal Finney makes a pretty clear point that the biggest issue bitcoin faces is scaling. The best way to scale bitcoin is dollars. What happens when a dollar is worth less than a sat, But most Americans are still using dollars?

The irony of the IMF & their buddies in the media trying to bring back the ol’ BTC is bad for the environment in articles (I suspect) that were written by chat bots that use more energy than the whole btc network to produce this mediocre dribble is not lost on me. 😏

nostr:nevent1qqspzphtnsz0d6hadvqh26g7gxv0c3razcsuw4vyuxvdcdznr8ankcc88m0nr