Avatar
Bitcoin or Slavery
09ed4d0ef81d77ee634617e36c505bdd9a8a3b3030686dfac5f5e12a08becdab
Will humanity rise to the occasion?

Earn, save, spend sats

Nothing reckless about spending sats

Keeping sats in a custodial wallet should never be encouraged

185 years for US debt to hit a trillion

215 years to hit 7 trillion

Quadrupled in less than 20 years

7 trillion added between March 2020 and June 2022

It's impossible to destroy a country so quickly unless it's an inside job - "The Dictator" Nayib Bukele

Full of spam and people talking about cryptocurrencies?

There's no spam in my feed. No one talking about cryptocurrencies. Some talk about Bitcoin.

💯

Most social apps are regional. All social apps being able to speak the same language (Nostr) is huge! Now if the internet could universally speak the same money.

Login with #nostr, pay with #bitcoin

Replying to Avatar Mags

Yesterday Greenpeace released a "research" report asking financial institutions like Fidelity support changing Bitcoin's code from PoW to PoS

Let's dive in why this is in bad faith & #TheCodeisPerfect

GPs "research" is the usual misinformation abt how bitcoin works & energy use that has been debunked by *real* climate activists in Bitcoin

> 50% of Bitcoin's network is ZERO emissions, period. Emissions are DECLINING. Carbon NEGATIVE is coming. See batcoinz.com/beest/

GP is 'concerned' Bitcoin is accelerating a climate crisis, fueled by "Big Finance"

... If GP was truly concerned about the impact of Big Finance, they would focus on legacy finance's carbon emissions

If Greenpeace was acting in good faith, they would conduct 🍎:🍎 accounting, which shows that Bitcoin is #cleantech from a lower energy use & carbon emissions perspective

Bitcoin is a drop in the bucket vs the legacy system & stores of value it *replaces*

If Greenpeace was acting in good faith, they'd recognize that the carbon emissions associated w/ "Big Finance" from lending, underwriting, & investment activities are more than 700x higher than a financial institution’s direct emissions

If Greenpeace was acting in good faith, it would identify conflicts of interest

GP received $5M from Ripple's Chris Larsens, to launch the anti-bitcoin #ChangeTheCode campaign. Ripple benefits from the spread of misinformation against Proof of Work. See https://bitcoinmagazine.com/culture/change-the-code-campaign-against-bitcoin for more info

At the end of the day, #ProofOfStake systems will *never* fund the transition to a low carbon economy, which continues to suffer from underinvestment (see my thread on how bitcoin can help address this https://twitter.com/Crypto_Mags/status/1605845121811025920?t=Vyl25hwHLqZoXDXve9wyfw&s=19)

Bitcoin's #ProofofWork system is the *only* way to achieve a net negative outcome

Ultimately we have facts on our side & a growing arsenal of projects

From Texas, to LATAM, to Africa, #Bitcoin's helping accelerate #renewables, building sustainable microgrids, addressing methane emissions, reusing waste, & even protecting gorillas (https://medium.com/@mgronowska/mining-bitcoin-to-protect-gorillas-in-the-congo-6439c2c3cee3)

Bitcoin's code provides for an optimal environmental outcome. The elegance of Bitcoin is that it's based on a system of economic incentives

Thus economic incentives are built in to ⬇️ cost & ⬆️ revenue:

🔸️ ⬇️ waste (heat, energy, garbage) & find the cheapest sources of energy (increasingly renewables)

🔸️ optimize resources (eg grid resources)

🔸️ ⬆️ efficiency

🔸️ ⬇️ GHGs: carbon = traditional cost center

Instead of the "stick" (env regs), which haven't succeeded to date, Bitcoin is the carrot 🥕: economic incentives (mining rewards) to help achieve the transition to a low carbon economy.

Ergo the code is perfect as is!

Fin/

Where's orangepeace? Bitcoin climate advocacy group

The only archive nodes (full nodes) are infura. You can't even sync one anymore. All clients are directly maintained by Consensys/non-profit proxy foundation.

Absolutely bonkers that this flagrant scam is still going.