If you’re worried about the #Bitcoin network energy usage, here are some facts to lean on…
Factually it uses <1% of global energy.
As per the BlockCap report it uses much lesser than 1% of global energy, yet serving as the decentralized digital alternative to an inflationary & central banking based financial system.
Comparing national energy consumption to #Bitcoin network, the kind of energy it consumes is important to take into consideration…
Excess energy from hydro power, natural gas flares, geothermal energy. More energy is wasted in transmission losses than what’s used by Bitcoin.
Looking at just the US energy grid, there’s about 67% of wasted energy during the generation & transmission processes. If #Bitcoin network is tapping into those wasted energy sources like mining from old hydroelectric plants, mining from natural gas flares etc… it’s great.
Just about 34% of energy reaches the customer, tapping into mostly the wasted energy to secure the best open monetary network in the world is a great use of it I’d argue.
Truth. Gold mining, refining, storage, transportation, fiat & banking infrastructure, armored fleet, military/army/navy/Air Force and a bunch of other things are needed to secure the borders & sovereign currencies.
#Bitcoin energy should be compared to those combined 🤷♂️
The FBI sent Martin Luther King Jr. a blackmail tape and a letter suggesting that he should commit suicide at the peak of the civil rights movement in 1964.
No one should be surprised by the FBI spying, infiltrating, and entrapping American citizens based on their political views.
That's what they've always done.
A 🧵 on FBI, CIA and the three letter agencies that are trying to control America and the rest of the world👇
Back in 2018, 400 people were arrested in Russia for saying something bad on social media. Just in United Kingdom over 3300 people were indicted, prosecuted and arrested for saying something bad on social media.
A thread on censorship and weaponization of mass media👇