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Darin Feinstein Profile picture
Darin Feinstein
@DarinFeinstein
Founder: Core Scientific (no current role except sh), Blockcap, Blackstar AI, Seed Oil Free https://t.co/m2Hs3QvdUL Lawyer/Accountant BTC Father of 4
Sep 17, 2022 • 8 tweets • 2 min read
CBDCs

Purchase denied. You have consumed your quota of real meat this month, please try meat substitute from vegan shelf.

Purchase denied. Your voting records show you did not participate in latest polls, accounts will be reinstated in 72 hours or after completion of polls. CBDCs

Purchase denied. Your energy footprint this month exceeded maximum allowable under WEF guidelines. Your accounts will be reinstated in 14 days.

Purchase denied. Your social score this month fell below threshold for non-essential items.
Jun 9, 2022 • 9 tweets • 6 min read
Responding to #Bitcoin Energy FUD (June/22)

Any environmentalist that says #Bitcoin energy use is a GLOBAL problem is lying, uninformed or intellectually confused

The Global Bitcoin Network uses just 16 basis points of the worlds energy 16/100 of 1%

An inconsequential amount
1 Knowing that #Bitcoin accounts for just 16 basis points energy, it is impossible to comprehend @wef and @Newsweek predictions in 2017 which stated...

The Bitcoin Network is "On Track to consume ALL of the World's Energy by 2020"

99.984% incorrect

2
Jan 8, 2022 • 5 tweets • 5 min read
Responding to the Energy FUD

The #Bitcoin Network

In 2017 #Newsweek and the #WorldEconomicForum

Both Predicted that The #Bitcoin Network

Will consume

"ALL OF THE WORLDS ENERGY BY 2020"

Today 2022 - 5 years later, how accurate are the predictions, what are the #'s

1/5 5 years after @Newsweek and @wef predicted #Bitcoin would use ALL the worlds energy by 2020

The #Bitcoin Network consumes ONLY

.0012 of the energy generated globally

This is not even close to ALL the worlds energy. How did they get it so wrong?

2/5
Dec 9, 2021 • 5 tweets • 2 min read
The #Bitcoin Network compared to VISA

Facts:

The #Bitcoin Network FINAL SETTLES ~4-7 TPS (transactions per second)

Visa final settles ZERO TPS

The confusion...

Visa can APPROVE 1700 TPS
Approvals are not settled transactions
Visa's FINAL SETTLEMENT can take months

1/5 Months after each Bitcoin Network Block is audited, settled and written to an immutable blockchain

Visa still struggles to settle the transactions on their network. Those transactions were ONLY approved but not PAID and require teams of people to complete

2/5