1/17
Together we've fought the logging of our native forests, stood together to protest the oil exploration of our deep sea, collaborated in activism to persuade an errant multinational to change. I've supported your work morally, spiritually & financially across 4 decades
Together we've fought the logging of our native forests, stood together to protest the oil exploration of our deep sea, collaborated in activism to persuade an errant multinational to change. I've supported your work morally, spiritually & financially across 4 decades
2/17 Today to quote a certain movie character you are breaking my heart and going down a path I cannot follow.
Saying “bitcoin is OK, we just want you to stop using proof of work” is like telling an opera singer, “Singing is fine, I just want you to stop opening your mouth.”
Saying “bitcoin is OK, we just want you to stop using proof of work” is like telling an opera singer, “Singing is fine, I just want you to stop opening your mouth.”
3/17
You've attacked the heart of a grassroots movement that brings a fairer financial system to the people. You've singled out an industry that's decarbonizing itself faster than almost any. You've even used climate change denier tactics by quoting widely discredited research
You've attacked the heart of a grassroots movement that brings a fairer financial system to the people. You've singled out an industry that's decarbonizing itself faster than almost any. You've even used climate change denier tactics by quoting widely discredited research
4/17
You're mandate is give the fragile earth a voice. But you've given central bankers a voice. You've attacked hope for the many living in regimes that could seize their assets on a whim. You've attacked the world’s workers whose govts debase their spending power through QE
You're mandate is give the fragile earth a voice. But you've given central bankers a voice. You've attacked hope for the many living in regimes that could seize their assets on a whim. You've attacked the world’s workers whose govts debase their spending power through QE
5/17
Many years ago, a friend advised me to put my savings into gold. A year later, I watched a documentary on the environmental damage done by the gold industry. I sold the gold I was holding the very next day...
Many years ago, a friend advised me to put my savings into gold. A year later, I watched a documentary on the environmental damage done by the gold industry. I sold the gold I was holding the very next day...
6/17
Years later, the same friend said I should put it into #BTC. I did. I then came across a lot of information from Bitcoin opponents who said that it’s bad for the environment. I read through – but I did not take the same action I did when I saw the documentary on Gold. Why?
Years later, the same friend said I should put it into #BTC. I did. I then came across a lot of information from Bitcoin opponents who said that it’s bad for the environment. I read through – but I did not take the same action I did when I saw the documentary on Gold. Why?
7/17
My instincts told me I was not reading the impartial science of concerned environmentalists, but the spin of vested interests. I followed the money. My suspicions were confirmed. The research I was reading has since been widely discredited.
My instincts told me I was not reading the impartial science of concerned environmentalists, but the spin of vested interests. I followed the money. My suspicions were confirmed. The research I was reading has since been widely discredited.
8/17
So it was with a heavy heart that I learnt
@Greenpeace
had joined forces with the CEO or Ripple to propagate a series of claims that are bad science, misleading or outright false. The rebuttal of Climate Scientist
@jyn_urso debunks the falsities line by line. For example
So it was with a heavy heart that I learnt
@Greenpeace
had joined forces with the CEO or Ripple to propagate a series of claims that are bad science, misleading or outright false. The rebuttal of Climate Scientist
@jyn_urso debunks the falsities line by line. For example
9/17
"Bitcoin alone could help warm the planet more than 2 degrees." This comes from a well-refuted study published in Nature Climate Change. In the same journal, three other publications challenged the original's dubious methodology. One group provided a clear warning
"Bitcoin alone could help warm the planet more than 2 degrees." This comes from a well-refuted study published in Nature Climate Change. In the same journal, three other publications challenged the original's dubious methodology. One group provided a clear warning
10/17
"the Mora et al scenarios are fundamentally flawed and should not be taken seriously by researchers, policymakers, or the public." (Masanet, et al, 2019).
Jyn Urso rightly asks "Why is Greenpeace promoting this refuted study?"
So here's what’s really going on with #BTC
"the Mora et al scenarios are fundamentally flawed and should not be taken seriously by researchers, policymakers, or the public." (Masanet, et al, 2019).
Jyn Urso rightly asks "Why is Greenpeace promoting this refuted study?"
So here's what’s really going on with #BTC
11/17
#BTC mining drives adoption & viability of renewables eg: Solar produces peak energy at times demand can be low. Mining companies use that would-be-wasted energy. This stabilizes demand, provide extra $ & means more solar ventures get started that would've been marginal
#BTC mining drives adoption & viability of renewables eg: Solar produces peak energy at times demand can be low. Mining companies use that would-be-wasted energy. This stabilizes demand, provide extra $ & means more solar ventures get started that would've been marginal
12/17 #BTC mining is used to reduce GHGs. Scientists estimate 1% of all GHGs are from natural gas from oil field that's uneconomic to use & gets flared/vented. When miners use that to mine BTC they reduce GHGs by 63% (no unburned methane that's 64x more climate-changing than CO2)
13/17
#BTC's carbon footprint is less than the world’s tumble dryers & 1/3 of the gold industry. Unlike gold it doesn't require soil poisoning & deforestation. Why do we seldom hear the ESG narrative about gold? Simple: why would central bankers attack their own instruments?
#BTC's carbon footprint is less than the world’s tumble dryers & 1/3 of the gold industry. Unlike gold it doesn't require soil poisoning & deforestation. Why do we seldom hear the ESG narrative about gold? Simple: why would central bankers attack their own instruments?
14/17
#BTC provides money which cannot be seized, is easy to store and transport, and cannot be devalued by inflation. This protects peaceful protesters from asset freezing, workers from inflation, and war refugees from bankruptcy
#BTC provides money which cannot be seized, is easy to store and transport, and cannot be devalued by inflation. This protects peaceful protesters from asset freezing, workers from inflation, and war refugees from bankruptcy
15/17
For example, as 1000s of working Russians & Ukrainians discovered, ATMs can stop giving you $ overnight. Heartfelt stories from war refugees who’d have had nothing – had they not had BTC now resound across the world.
For example, as 1000s of working Russians & Ukrainians discovered, ATMs can stop giving you $ overnight. Heartfelt stories from war refugees who’d have had nothing – had they not had BTC now resound across the world.
16/17
#BTC would have come in handy
@Greenpeace, when Banks recently froze the accounts of your members involved in an action in India, would it not? I hope this irony is not lost on you.
#BTC would have come in handy
@Greenpeace, when Banks recently froze the accounts of your members involved in an action in India, would it not? I hope this irony is not lost on you.
17/17
So I'll be ending my subscription. I hold hope that you'll return to your roots: good science, taking aim at the real problems, and giving a voice to the fragile earth, not central bankers. At this point, I'll happily restart my support of your much needed work in the world
So I'll be ending my subscription. I hold hope that you'll return to your roots: good science, taking aim at the real problems, and giving a voice to the fragile earth, not central bankers. At this point, I'll happily restart my support of your much needed work in the world
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