BREAKING: The state of Pennsylvania has passed ‘Bitcoin Rights’ in the House by a sweeping majority. Both Republicans and Democrats united together to pass the bill.

Pennsylvania is poised to be the most important state in the ‘24 election & this bill is poised to play a role👇 Pennsylvania is consistently one of the most competitive swing states in presidential elections, with both parties vying for its critical electoral votes.

Pennsylvania holds 19 electoral votes, a significant prize that could tip the balance in a tight race.

Some say #Bitcoin is the "dark alley" of the financial world, a haven for criminals and even terrorists. But let me paint you a clearer picture. Spoiler: #Bitcoin isn't the 'tool for terrorists' its made out to be.

A thread 🧵about traceability

Tag your lawmakers below!

1/ Contrary to popular belief, Bitcoin is very bad for crime and illicit behavior. It operates on a public ledger.

EVERY single transaction is recorded on the blockchain FOREVER.

Bitcoin may be 'easy to use' by 'anyone globally' but criminals that use it do so at their peril.

I am getting a lot of calls about the recent NYT article on #Bitcoin mining.

I appreciate the opportunity to discuss the points brought up by Gabriel and Michael in the NYT piece.

Gabe’s Bitcoin mining concerns:
1. National Security risk
2. Potential for a grid attack

🧵 1/ The NYT article starts off with a startling assertion…

Assertion: #Bitcoin mining sites across America are controlled by ‘Chinese owned’ companies and sometimes those sites are near US military installations, which is a “National Security” concern.

2021: No miners in Texas, record cold, grid destabilized, 246 recorded deaths

2022: Miners in Texas, record cold, grid stabilized, no recorded deaths

This is the headline everyone should be shouting: #Bitcoin miners stabilize the grid and save lives. Correction: One death recorded. An individual was found outside a McDonald’s.

texastribune.org/2022/12/23/erc…

Bitcoin miners must get active at the state level!

Utilities are regulated monopolies. They are regulated at the state level by Public Utility Commissions (PUCs) which oversee ‘rate cases’.

These rate cases can kill or grow business for miners in an entire state. Rate cases are used by PUCs (aka PSCs) to determine wether it is lawful for a utility to create new rate schedules or make changes to existing ones.

This regulatory body prevents utilities from using their monopoly powers in an un-ethical manner.

People are mad at FTX for doing the exact same thing that the banks do every day. Don’t believe me? Walk into your bank and ask to withdraw all your money and see what happens. Some of you are confused. I meant, ask for the cash. If it’s over $10k the bank likely won’t give it to you because they don’t have it.

Unfortunately methane emissions are HIGHLY distributed making the mitigation costly and difficult to scale. Here is a map of methane emissions from orphaned wells from the EPA and one also provided by @Digital_Ore on US landfills. This is where #Bitcoin mining comes into play. Bitcoin mining needs super cheap energy to stay profitable especially as more miners join the network. Stranded methane is one of the cheapest forms of energy available. Sometimes it’s even given away so the methane can be mitigated.

Etheruem has officially merged and moved towards PoS which means it will never be able to go carbon negative. #Bitcoin will achieve carbon negative status by the end of 2024. I’ll explain 🧵

Due to the ability for bitcoin mining to be highly location agnostic and scalable it can go after unique energy sources.

Methane is one of those energy sources. Methane also called CH₄ is a greenhouse gas.

According to the EPA, there are up to 10 million orphaned wells in this photo with emissions equivalent to consuming 50 million barrels of oil per year.

These wells emit methane and other dangerous gases into the air, soil, & water.

Bitcoin can help solve this problem. How?🧵 Methane (CH4) is a colorless, odorless, & highly flammable gas. It is composed of carbon & hydrogen. It is also a potent greenhouse gas. The EPA says its up to 80x worse than CO2.

Government bodies around the world have recently proclaimed methane a major contributor to warming.

If you super follow me I will:

1. Follow you back
2. Respond faster to your comments
3. Give access to private telegram
4. Share insider info
5. Let you dial into the new show 🤫
6. Piss off a bunch of internet people Seems rare.

SOURCES: Jack Dorsey closed door meeting with Congressional Democrats over #Bitcoin.

Democrats concerned about:

- Energy use of BTC
- How BTC becomes MoE
- Positives and negatives of CBDC
- USD Vs BTC
- Illicit Activity
- KYCing wallets

🧵 (shortened to key comments) JACK'S KEY OPENING REMARKS TO THE MEMBERS: Why does #Bitcoin matter?

"Not controlled by corporations,
completely open"

"We make a huge distinction between BTC and crypto”

“The utility of BTC is that it can
be the native currency of the
Internet."

"Proof of work standard"

BREAKING: Arizona introduces bill to make #Bitcoin legal tender. Source: The bill.

The next FOMC (FED) meeting is starting now.

This is the last meeting before the end of the year. Many are expecting the FED to turn hawkish. Some believe Powell is ready to start raising rates.

I will be live tweeting and reporting on it here.👇 Powell starts with repeating its mandate and how important low rates are to achieving that goal.

🧵 Bitcoin will absolutely fix wealth inequality and rebuild the socio-economic ladder in this country and around the world.

Bitcoin will improve the lives of 1,000,000’s of working-class individuals by rebalancing the economy.

Top 4 improvements👇 In the current system, all worker's wages are debased by money printing. This lowers buying power and makes everything more expensive.

In a bitcoin world, ALL worker's wages will grow in value over time. Giving them more buying power and long-term financial stability.

I fully believe #bitcoin is the greatest invention in human history.

For 10,000 years we have been using money and for 10,000 years those in power have been corrupting the money we use.

Debasement has lead to some of the worst events in our history.

Top 3 Worst👇 The collapse of Rome occurred in part because the Silver Denarius being debased by 95% from 3.9g of silver to less than 0.2g of silver.

One impact of this was Rome’s soldiers weren’t willing to fight for worthless coins.

Rome’s frontier was vast.
This lead to quick collapse.

Drug Cartels using Bitcoin for illicit activity. Anyone who thinks cartels are using bitcoin for drug transactions is an idiot.

The only people using bitcoin this way are low level morons that don’t realize they are being tracked.