The largest retirement plan provider in the world managing over ten trillions dollars, explains "investors need to consider bitcoin separately from other digital assets".
@Nic__Carter and Ross Stevens' report estimates the current and historical energy outlays for bitcoin mining, material ancillary benefits, and the merits of a Proof of Work system for the world.
@Dergigi argues bitcoin is time in more ways than one. Bitcoin units are stored time because they are money (time is money, money is time) and its network is time because it is a decentralized clock.
@Allenf32 compares bitcoin to the historic trade city of Venice, arguing that both are systems that emerged from chaos to create new economic possibilities, and that bitcoin has the potential to transform the world.
@Gladstein at the Human Rights Foundation implores reader to understand how valuable bitcoin is for people living under authoritarian governments, providing a censorship-resistant money.
The world’s 4th largest accounting firm, KPMG concludes bitcoin is an ESG investment, helping stabilize energy grids, reducing greenhouse gas emissions, and serves as a financial tool.
@NickSzabo4's paper explores the origins of money and how it emerged in human history. Money provides a common unit of account and medium of exchange, making it easier to trade goods and services.
The 180-year old Norwegian company explains why they decided to buy bitcoin and invest in the bitcoin ecosystem to help grow the technology's adoption.
Economist @LynAldenContact explains money. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries.
@TuurDemeester makes the case that the 21st century emergence of bitcoin, encryption, the internet, and millennials exhibit similar dynamics as the 16-17th century revolution that took place in Europe.
13. Why Congo’s most famous national park is betting big on crypto
MIT Technology reports bitcoin is saving endangered animals in Congo’s oldest national park. The park was running out of money, thanks to mining they are now profitable.
@JonathanBier covers the near decade-long battle to increase how much data is in each bitcoin block. This story however is really about a much deeper debate: who controls bitcoin's protocol rules?
@Real_Vijay explains how bitcoin is a new scarce digital good with the potential to become a global store of value due to its unique properties, such as scarcity, durability, and portability.
17. Analysis of the United Nations University’s Bitcoin Mining Commentary
@Jyn_urso's critique of the United Nations study examining the energy consumption of Bitcoin mining reveals substantial flaws that question the paper’s validity.
A new study by Cornell University researchers finds #bitcoin can help developers recoup millions of dollars, which could be invested in future renewable energy projects.
The legendary Wall Street investor @PTJ_official writes, "The best profit-maximizing strategy is to own the fastest horse...If I am forced to forecast, my bet is it will be bitcoin"
This letter articulates Stone Ridge's bitcoin thesis through 1st-principles arguments; a tour of money, monetary history, our present moment in the US, and why the firm is hodling.
@Halfin was an engineer, cypherpunk, and receiver of the very first #bitcoin transaction. His personal story puts into perspective the importance many feel, and the motivation they have to support this open-source project.
Yesterday, they published new research explaining why investors should consider #bitcoin
Here are 10 key points 🧵👇
2/ Fidelity finds #bitcoin is the best money.
"Bitcoin clearly possesses a lot of good qualities of money, combining the scarcity and durability of gold with the ease of use, storage, and transportability of fiat"
3/ Fidelity explains "Virtuous Cycle of Bitcoin"
"This #bitcoin network competition is likely to result in a winnertake-all scenario as the network grows and becomes more valuable"
President Biden issued report on the energy use of bitcoin mining last year.
Here are surprising facts they found 👇🧵
White House says, "A mining operation might construct a dedicated solar energy farm with or without energy storage, or might install onsite generators using stranded natural gas"
Bitcoin helps build solar farms.
White House says, "Bitcoin miners can participate in utility and grid operator programs that pay major electricity users to decrease consumption during times of peak grid stress, or to balance supply and demand"
This thread will convince you #bitcoin mining is good for the environment.
Read and share 👇
#Bitcoin mining is helping 1,600 families in the mountains of Malawi, Africa get cheaper hydroelectric energy 🌍
Extra sustainable electricity
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Starklink internet connectivity
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Bitcoin mining profitability
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Cheaper energy for the community twitter.com/i/web/status/1…
#Bitcoin mining saved endangered animals in Congo’s oldest national park.
The pandemic hurt tourism and the park was running out of money.
Thanks to mining #bitcoin with the extra energy from its local hydroelectric dam, they are now profitable again!
1/ Stanley Druckenmiller, legendary investor, on #Bitcoin
"I never owned it from like $50 to $17,000, I felt like a moron. Then it goes back down to $3000 again.
Then a couple of things happened..." 🧵👇
2/ "So, solution in search of a problem. I found the problem: When we did the CARES act and Chairman Powell started crossing all sorts of red lines in terms of what the Fed would do and wouldn’t do."
3/ "The problem was Jay Powell and the world’s central bankers going nuts and making fiat money even more questionable than it already has been when I used to own gold."
This map shows distribution of reachable #Bitcoin nodes found in countries around the world.
There's about 10,000 nodes protecting the network right now, and each one has an entire copy of the #Bitcoin ledger that they use to enforce and validate the rules.
A #Bitcoin full node is a program you run that fully validates all transactions and blocks in the network.
It can be downloaded and synced with the entire network using an average computer or laptop, from anywhere in the world. That's what makes #Bitcoin decentralized.
From Satoshi Nakamoto's first transaction in 2009, to the one you send yourself today, when you download a full node, you're able to validate each transaction to ever happen.
You do not rely on any third-party to tell you what's true, you validate it ALL yourself.
2/ First, proof-of-work mining is critical to Bitcoin. In the Bitcoin network, trustworthiness is protected by computation, and mining is what gives Bitcoin its ability to coordinate trust and facilitate the transfer of value without relying on a centralized authority.
3/ The costliness to produce bitcoin is fundamental to its value.
Unlike the US dollar, Bitcoin cannot be printed with the stroke of a keyboard.
Instead, it converts the output from cheap stranded energy sources into something with monetary value.