🧵THREAD: The @BulletinAtomic and @jessimckenzi want to create moral panic over a few dozen orphaned wells being mined for #Bitcoin, while ignoring the larger problem of ~2M orphaned wells in the US and ~29M orphaned wells worldwide leaking methane (CH₄). /1
The @EPA estimates that leaking methane (CH₄) emissions from over 2M inactive, unplugged wells range from a CO₂ equivalent of 7-20 million metric tons per year—approximately the emissions of 2 to 5 million cars. /2 edf.org/orphanwellmap
Per @Reuters, the number of abandoned wells around the world could be 29M, with emissions of 2.5M tonnes of CH₄ per year—the carbon equivalent of three weeks of U.S. oil consumption. /3 reuters.com/article/us-usa…
Capping and plugging abandoned/non-productive wells is best, but it costs ~$25,000–$75,000 to decommission each well. It would cost ~$100B to plug and cap all the orphaned wells in the US. Or ~$1.5T to cap all the orphaned wells worldwide. /4
Methane (CH₄) has over 80x the warming power of CO₂ in its first 20 years. As well infrastructure ages, CH₄ levels are rising faster than ever before, setting new records monthly. Any conversion of CH₄ into CO₂ is better than leaking CH₄. /5
Given the nearly impossible task of capping and plugging millions of orphaned wells, that are constantly leaking CH₄ into the environment, why is the @BulletinAtomic creating moral panic over such an infinitesimal number of wells being mined into CO₂ by #Bitcoin? /6
It seems @jessimckenzi is more interested in creating moral panic over #Bitcoin's ~0.19% of global emissions—about ⅓ the emissions of the global sports industry. She is quite literally a distraction from real environmental issues that need awareness. /7
Unfortunately, such a blatant and irresponsible appeal for moral panic leaves one with the impression that the @BulletinAtomic isn't actually interested in solving real environmental issues. Nevermind that #Bitcoin can effectively monetize leaking CH₄ into CO₂. /8
One can only assume that there is an ulterior motive behind such moral panic and junk reporting. It wouldn't be the first time, and certainly won't be the last. Add it to the list. /9
One more thing @jessimckenzi. 1.2 billion people live under double or triple digit inflation and 4.3 billion people live under authoritarianism. The economic freedom and financial inclusion afforded to #Bitcoin users worldwide is, unapologetically, worth every joule. /10
States need to cap the wells one way or another. Obviously the top priority is to get the industry to decommission millions of orphaned wells. Failing that, states must do it themselves. No funding? Use the orphaned wells to mine until funds are sufficient. /11
As mentioned above, states lack the $25K–$75K and incentives to decommission each orphaned well. #Bitcoin can fix this. A state could empower a “Bitcoin Hellfighting” agency, to turn the incentives around /12
A state could empower this agency to go out and mine on orphaned wells, and each time the agency accrues the $25K–$75K needed to decommission a well, it would sell the Bitcoin for dollars and hire a contractor to perform another decommissioning. /13
Effectively, this team would be decommissioning a well with its own fuel, significantly cutting down on the long term emissions of methane. /14
It’s curious that it didn’t occur to @BulletinAtomic or @jessimckenzi that an age old technique, of fighting fire with fire, could be applied to the serious problem of decommissioning millions of orphaned wells. They would rather create moral panic than solve real problems. /15
It is disappointing that the people who claim to be advocating for solutions to real problems are wasting the public’s time with infinitesimally inconsequential issues. Bitcoin allows stranded energy to be monetized and used for any purpose—including decommissioning wells. /16
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🧵1) Josh Mandell's mind-blowing Bitcoin strategy is inextricably linked to Nikola Tesla's observations of energy, frequency and vibration. As Nikola Tesla once said, “If only you knew the magnificence of the 3, 6 and 9, then you would have a key to the Universe.” 👇
2) On 11/5/2024 (1+1+5+2+0+2+4=15, 1+5=6) Mandell predicted that Bitcoin would have a failed rally and return to a close of $84K (8+4=12, 1+2=3) on 3/14/25 (3+1+4+2+5=15, 1+5=6). Every number is his prediction has a "digital root" of 3, 6 and 9. 🤯
3) And in fact, that's exactly what happened. Here is his exact prediction coming true, in real time, on the March 14, 2025 close 🤯
1) Ripple isn't a commodity to be stockpiled. Ripple is what is known as a "Differentiated Product" — centrally controlled by Ripple Labs by its own tailored consensus, trademark and logo — much like the centralized administrators of "Champagne" or "Kleenex." Here's why…🧵👇
2) A differentiated product is one that is uniquely different from its competitors, allowing the producer to argue that it is better and potentially charge a higher price for it. A product is a commodity when all units of production are identical, regardless of who produces them.
3) For example, "Kleenex" is not a generic type of facial tissue. Rather, it is a trademark owned by the Kimberly-Clark Corporation. Kleenex is not a fungible commodity that can be traded like coffee beans, pork bellies or gold.
🧵 1) MicroStrategy is poised to become the Standard Oil of the digital age. Let's take a closer look at how Michael @saylor is refining new Bitcoin financial products in the same way John D. Rockefeller did with petroleum, when few understood the practical uses of crude oil.
2) 175 years ago, whale oil was used for illumination and crude oil was dismissed as a curiosity. It was a nuisance for landowners—something that fouled up salt mines near Oil Creek, Pennsylvania. It had no economic usefulness other than as a suboptimal medicinal.
3) It was not until oil was drilled and properly studied that innovators figured out it could be refined, stored and put to a wide variety of uses. We are at a similar point in history, with Bitcoin. We are only just beginning to understand it.
1) 🧵Food enrichments stimulate our appetites for refined foods. This has been known by farming scientists for over a century. Let's take a closer look at how vitamins were weaponized by the food industry for profit. @RobertKennedyJr #MAHA freetheanimal.com/2016/05/enrich…
2) Scientists have known for over a century that if animals eat refined foods as staples, they will naturally lose their appetites. If vitamins are added to a synthetic, purified diet, it will “greatly” increase their appetite and intake for that refined diet.
3) Early vitamin experiments helped determine which factors would best promote the growth of cattle and other economically important farm animals. By 1920 it had been discovered that "vitamine B" was critical to maintaining the appetites of animals on deficient feed.
[THREAD] 🧵The Wizard of Oz is believed to be an allegory for the 19th century "free silver" movement against the gold standard. Liquidity shocks in the Midwestern U.S. led to a populist revolt against hard money. Can Bitcoin avoid a similar fate in a hyperbitcoinized world?
2/ In L. Frank Baum's 1900 book, "The Wonderful Wizard of Oz," Dorothy wears "silver shoes." (Hollywood used ruby slippers to showcase Technicolor™). Baum was a Populist and believed reintroducing minting of abundant silver coinage would assist impoverished communities.
3/ The real "Dorothy Gale" was likely Mary Elizabeth Lease, of Kansas, who rallied struggling Midwestern farmers to join the Farmers' Alliance—a populist movement that, among other things, advocated for "free silver" to expand the inflexible gold-based money supply.
1/ Michael @saylor's "Digital Hotel" is a metaphor for a Bitcoin lending platform. In a future of scarce bitcoins, liquidity will be paramount. $MSTR will be incentivized to build tools and platforms that virtually eliminate lending risk. Here's how... 🧵
2/ Imagine a future where AIs are self-spawning their own AI workers that will need to pay for electricity and their own CAPEX. These self-spawned AI workers will need to onboard onto the Lightning Network in order to become economically viable and to stay alive and functional.
3/ As Bitcoin is the world's best savings technology, and people could be unwilling to lend out their bitcoins, this presents a problem for machines or entities that don't have any bitcoin. Let's presume some corporate treasuries have idle Bitcoin on their balance sheets.