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Chako Chino
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Thanks nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj for hosting this very respectful exploration of bitcoin by two very eloquent and intelligent people. These exchanges sharpen nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu ‘s sword, put another arrow in Fictitious Capital’s quiver: all towards making Bitcoin stronger.

Yes that is exactly right Paula- how to get teenagers to read! I have two teens: 19 year old daughter and 15 year old son. My daughter bought herself a bit of bitcoin but I don’t think she really knows what it is and why it is a good thing to do. So that’s why I would love to find her a book that connects with her. Wishing you all the best. I really, really appreciate your work.

Good morning Paula. Really enjoyed your podcast with Matt Prez.

Replying to Avatar Daniel Batten

And … another negative Bitcoin mining article rescinded!

This one was from Environment California I pointed out the sources they used are discredited (with evidence) and that they omitted many known environmental benefits To their credit, they took the article down immediately

For context: for the last two years, each morning I do a search on who's written a hitpiece criticizing Bitcoin's environmental track record. Depending on the article, I either write a rebuttal and post it on LinkedIn/ Twitter, or write directly to the author to see if they are open to learning, or both.

Over the years, there have been some good successes. One journalist did a complete 180, and now is a co-writer of my newsletter. Others amended. Several have rescind. Most dug their heals in, but in almost all cases that was the last negative article on Bitcoin they ever wrote. Many of them got community noted, ratiod, one even deleted his profile from twitter.

My intention was threefold

1. Educate and get a retraction and/or a followup piece citing the positive environmental benefits of bitcoin, where there was high openness

2. Educate with an amendment to the article where there was some openness

3. Where there was no openness to learning, make it very clear that writing nonsense about Bitcoin would be held to account, publicly, so that the author did not repeat the offence. The strategy seems to be working, because the volume of environmental FUD about bitcoin is decreasing and none of the journalists I rebutted over the last two years wrote another piece on bitcoin and energy after their original piece/series.

Why do I do this?

Well, when misinformation is spread about Bitcoin, it hurts the Bitcoin mining industry, it slows Bitcoin adoption, but it also stops innovation in the energy sector. It also perpetuates the unnecessary practice of wasting stranded energy, flaring gas, venting landfill emissions and using gas peaker plants rather than Bitcoin mining to stabilize grids.

For Bitcoin and Bitcoin mining to reach its potential, there are huge mountains of misinformation that must be countered. If I can make some small contribution to that, it's time well spent.

Thanks for all your efforts Daniel. I hope to hear you on a podcast again soon.

Your observations all sound very plausible. Fiscal dominance will likely remain the dominant outcome. However, as you noted most observers applaud their efforts and it’s great to see government attempting to take responsibility. How long the Trump / Musk partnership will last in the face of a very difficult task will be interesting to monitor. In the meantime, what is a humble investor supposed to do in the middle of all these immense forces pulling the monetary relationships apart? Will bitcoin ever be cheaper again than now? Are the shrewd waiting for another big bear to scoop up more hard money?

It is harder for opponents to visualise (and anticipate) the squares that it can attack, it can jump over pieces and it’s the best looking piece.

Hello James. Glad to see you here. The most down to earth on chain analyst on the planet! Hope you are well and happy!