"#Bitcoin probably won't make it. Instead, it has always paid off to put your trust in a bank."
"Bitcoin is not mainstream and probably never will be."
Credit Suisse in 2017
I’ve been waiting 6 months to have the data for this chart
The chart says “Bitcoin turns 2,000,000 tonnes of CO2e pollution into a fuel every year”
The petrodollar industries requires turning money into pollution.
Bitcoin turns pollution into money.
It does this without carbon credits or other accounting instruments.
2022: "Don't put more into Bitcoin than you are prepared to lose"
2023: Bitcoin provides a safe haven from banks - as it was designed
20??: "Don't put more into a Bank than you are prepared to lose"
Great progress Kent
New sustainable energy ATH is driven by the high proportion of new hashrate that is from sustainable energy sources (93% is known new hashrate is sustainable)
https://damus.io/note1zhxcutsmadrqylehm92ndlanyta0mpvl3mrzjk0s7ykhcxjz8t3qmcpcp9
Yep that’s how you go from power to energy consumed per year.
The number x 8760 is etched in my brain now.
131 TWh is an overestimate. I just haven’t had the time to write a paper with evidence for why and how the CCAF energy estimate has come to overestimate energy consumption.
My model says it’s using 11.4 GW. 83% of what CCAF estimate.
To those who do proactive research Bitcoin is already appealing
To those who require a catastrophe before taking action Bitcoin is “suddenly appealing”
Jamie Redman gets why @woonomic and I put these charts together.
Nice write up
A non-Bitcoin post today
Noam Wasserman says that of failed (or living dead) tech companies, something called "Human Factors" was responsible 65% of the time
I recently analyzed the data from over 50 founders of tech-companies. Similar result: 67.3% of failure is human centric
Our fund now only invests in companies where the founders receive coaching. As well as being better for founder mental health, it's good for commercial returns.
Our analysis says that top coaching leads to:
* 59.8% reduction in failures/living dead companies
* 201% increase in number of high value exits
* 496% increase in GP and LP returns
Sample size: 28 companies
This year there’s already been 13 Mainstream media articles in support of Bitcoin on ESG-grounds
Yes this is an order of magnitude increase on Q1 2022
Technology Review - How Bitcoin mining saved a national park
Forbes – Bitcoin mining is helping stabilize grids through demand response
Nasdaq – New Hampshire Energy Commission Pushes for Bitcoin Partnerships https://www.nasdaq.com/articles/new-hampshire-energy-commission-pushes-for-bitcoin-partnerships
Forbes (Bitcoin is helping refugees across the world) https://www.forbes.com/sites/faridanabourema/2023/02/13/regardless-of-price-bitcoin-is-a-lifeline-for-eritrean-refugees/?sh=6f9793e17636
Financial Times (mini hydro plants subsidized by Bitcoin mines in Kenya)
https://fd.nl/tech-en-innovatie/1464228/bitcoins-delven-helpt-afrikaans-platteland-te-elektrificeren
Finbold (Bitcoin mining helped avoid blackouts) https://finbold.com/bitcoin-miners-returned-enough-power-to-heat-1-5-million-homes-during-texas-blizzard/
Investing.com (Bitcoin can grow without emissions growing)
Market Insider (Bitcoin is now predominantly green) https://markets.businessinsider.com/news/stocks/more-than-half-of-bitcoin-mining-is-fueled-by-sustainable-power-1032112511
EFT Trends – Surprising Environmental and Grid Benefits of Bitcoin
https://www.etftrends.com/crypto-channel/bitcoin-mining-has-surprising-environmental-grid-benefits/
Axios - Bitcoin mining can clean up orphaned oil wells and reduce emissions
https://www.axios.com/2023/01/27/crypto-mining-advocate-green-abandoned-gas-wells
Litebit – Bitcoin supporting sustainable community micro-grids in rural Africa
https://www.litebit.eu/en/news/sustainable-bitcoin-mining-rural-africa
City AM – How Bitcoin can help in saving the environment
https://www.cityam.com/why-i-think-bitcoin-could-be-a-key-to-saving-the-environment/
One Green Planet – The sustainable side of bitcoin mining
https://www.onegreenplanet.org/environment/shining-light-on-the-sustainable-side-of-bitcoin-mining/
Ethereum moving off proof of work
Like sitting next to a spring asking which stagnant pond you should drink from.
Bitcoin net emissions have now fallen to 0.064% of global emissions
“troubles at SVB are unlikely to spread widely throughout the banking system”
Is the new
“Inflation is transitory”
I was neutral when I started the research a year ago.
The problem is if you end up researching it deeply you will become an advocate of bitcoin because you cannot help but see it’s value. Because that’s what the data is telling you.
New data uploaded weekly and chart will automatically regenerate.
It’ll be hosted on woobull.com/charts. So should be possible to get a feed.
The antidote for Bitcoin ESG FUD is data.
Here’s the new data in visual form
https://bitcoinist.com/bitcoin-mining-green-energy-sustainable-btc-network/amp/