Boas Kristjansson

Project Manager @ GreenBlocks

[Boas Kristjansson @0xBOAS]

@h2w6gm6jz ddC9MXzaPHZRHXHUdSsvcTgrjMXo1Cwpp5BZQcMEXEs

[Daniel Batten @DSBatten]

Plebs, Bitcoin miners, human rights defenders unite!

The European Commission (EC) is about to take a draconian and unscientific stance towards Bitcoin that can not only pave the way for an EU mining ban, but could have far-reaching consequences for the entire global Bitcoin community.

Context:
The EC is developing a methodology to calculate and mitigate the environmental impact of Bitcoin.

It includes a proposal to measure all crypto-assets resource consumption "per transaction", and only evaluates the negative impact of Bitcoin using a suite of suite of reports that have ben financially backed by Central Banks and Ripple Corporation

This is a nonsense metric that was been previously debunked by Cambridge University in 2018.

The fact that the EC have ignored both the science, and the sea-change in the Bitcoin ESG narrative this year shows that their intentions have nothing to do with sustainability, and everything to do with protecting intrenched interests who could be disrupted by Bitcoin.

If the EC wins, BTC will be officially labelled "an environmentally harmful asset that undermines sustainability goals for the EU"

It will also enshrine the ECs right to use bogus-metrics to evaluate environmental impact, while ignoring quality peer-reviewed research showing the positive environmental externalities of Bitcoin.

They will then promote this standards/labelling globally.

What can you do?
* Send a draft of 1-5 pages to @jardemalie or @lyudakozlovska using succinct objective language and evidence, by THIS FRIDAY 7 DEC or email [email protected]

In your submission, highlight:

✅why and how Bitcoin can be a net-benefit to the environment
✅point out that a framework which only evaluate only negative externalities of a technology is incomplete, unobjective/ unscientific
✅cite high quality references
Show examples of how Bitcoin mining can help meet the EUs sustainability goals (for example: WOSTP has already written that "vented methane based crypto-asset mining is more likely to help than hinder the US Govts climate objectives")
❌DO NOT "it's energy use is justified because", "Other assets use more energy", or debating whether climate change is occurring or use language that personally attacks any one
✅DO highlight that every technology initially has a carbon footprint, use evidence to show that emissions are not increasing and that there is a realistic chance Bitcoin can become the first industry to fully mitigate emissions without offsets, point out known limitations in current models, use your own examples of Bitcoin's positive environmental impact that are less known
✅Retweet this message, and mobilize other honeybadgers

Currently, the EU relies on reports like this:
https://t.co/vd5VpZVSmq
Counter these claims, showing evidence of where they are provably false, misleading due to missing context, inaccurate, or no-longer-true

Now is the time to channel your time, passion, and brain into defending freedom. We do not have the resources, the entrenched powers, the ability to spread FUD widely through mainstream news channels that the opponents of Bitcoin do. We don't agree on everything as Bitcoiners.

But we all agree on one thing: that is the need for a global currency together with global mining that cannot be centrally controlled, attacked, manipulated and suppressed.

Today's the day to fight for the continuation of that freedom

* Original EU Report on Bitcoin which contains ample examples of statements you can rebut
https://t.co/q8tK97zUfT

Here's some examples of
1. Evidence of bias in mainstream bitcoin environmental impact reporting
https://t.co/n1YnUFrKB9

2. Positive benefits of Bitcoin mining
Water security: https://t.co/XyxFkoYpGi

3. Limitations in current models of Bitcoin environmental impact
https://t.co/uzb4WqOwuh

4. How to do an evidenced-based rebuttal
https://t.co/k7hJm6OKcb

5. Contextualized data that challenges existing and incomplete models with known limitations
https://t.co/DvbnLcb7tS

https://t.co/tKAm7cmNgj

6. How Bitcoin helps Methane Mitigation
https://t.co/g1I9gKQfwV

7. A more up-to-date model than Cambridges' (also the one that Bloomberg Intelligence now use instead of Cambridge's model which is both incomplete and 23 months out of date )
https://t.co/hTsTfnXpdO

Why are you still reading this tweet - turn off X and other notifications, and start writing!!!

[Boas Kristjansson @0xBOAS]

@IvanOnTech Dunga! 🫡

[Daniel Jonsson @dfjonsson]

Bloomberg came to Iceland to cover Bitcoin mining and I got to say a few words on why our industry is not the enemy of the environment many have claimed it to be.

[Boas Kristjansson @0xBOAS]

@billgil @IvanOnTech "Four year cycle" 🫡

[Boas Kristjansson @0xBOAS]

@billgil @IvanOnTech One of my fav stream moments this season 🙏

[Boas Kristjansson @0xBOAS]

@dfjonsson But no phones on the dancefloor tho

[Barsee 🐶 @heyBarsee]

The best stop-motion video ever produced so far 🔥

Imagine 30 years ago, when effects like this took THOUSANDS of hours to produce.

[Sina Kian @SinaKian1]

I've read and thought about the Ripple decision for a few days now, and here are some thoughts from the perspective of someone with an appellate law background. (I clerked on the DC Circuit and the Supreme Court, and practiced as an appellate lawyer.)

[Daniel Batten @DSBatten]

1/9

After years as a climate activist/tech-founder I set up a climatetech fund

I thought I was making a difference

But the tech we invested in

1. was high-risk (might never scale)
2. would only reduce emissions post-2030
3. wasn't addressing our most urgent emission issue
🧵

[Boas Kristjansson @0xBOAS]

@cburniske Working on an application to on-board traditional art galleries and institutions to web3, very early stage but has a tech stack that's been 6yrs in development. Would love to meet 🍻

[Daniel Batten @DSBatten]

Bitcoin mining is essential for the renewable transition

Here's why in one less-than-10-tweet thread

To achieve net zero, IEA report we will need 10x more demand response

That's grid jargon for "really really flexible consumers who can shut off and power on any time"

🧵

[Boas Kristjansson @0xBOAS]

@dfjonsson The app is called Rep Rise btw.

[Boas Kristjansson @0xBOAS]

@dfjonsson I'm well short to be on track for 1500 but I will make the push (up).

[xPortal @xPortalApp]

If you can memorize the lyrics to 'Bohemian Rhapsody', you can remember your 24-word seed phrase.

[Filecoin @Filecoin]

Why does AI need blockchain?
@curiouscatwang makes the case for Decentralized Physical Infrastructure Networks (DePINs) like Filecoin.

1️⃣Reduction of infra costs
2️⃣Creator verification
3️⃣Infusion of democracy & transparency
4️⃣Data contribution incentives
https://t.co/tdbkmhVjTc

[Patrick Hansen @paddi_hansen]

EU & MiCA news! 🇪🇺🇪🇺

After the EU Parliament's plenary vote on April 20, MiCA has cleared its last formal hurdle this morning.

It was adopted by the Council of the EU (EU member states) - a purely formal vote after the political agreements last year.

Next steps:
1) Publication in the official journal of the EU (shortly)
2) Entry into force 20 days after that
3) Entry into application
- 12 months later for stablecoins (& stablecoin issuers)
- 18 months later for other crypto-assets and CASPs

Final MiCA text: https://t.co/cKx6YXY2Kv

My MiCA deep-dive on everything you need to know (MiCA's origin, goals, rules, and impact): https://t.co/P4YwUHoUd1

Today's Council of the EU press release: https://t.co/FWElT05xK3

[Rowan Cheung @rowancheung]

One last thing.

I spent a long time testing this, so if you found it useful, I'm hoping you:

1. Follow me @rowancheung for more
2. Like/Comment/RT the tweet below to support my content 🤝
https://t.co/I1LnBW4s9O

[Patrick Hansen @paddi_hansen]

Habemus MiCA! 🇪🇺🚀

After more than 2.5 years of consultation, heated debates, last-minute amendments, and very close votes in the committee, the EU Parliament's plenary today passed the new EU crypto framework with an impressive majority of 517 MEPs for and 38 votes against.

MiCA is the most comprehensive regulatory framework for crypto assets in the world, which is why (besides fears that it could ban bitcoin in the EU at some point last year) it has attracted global attention in the crypto community.

Providing regulatory clarity amid global uncertainties, combined with its large single market of 450 million consumers, could make the EU the next natural global hub for crypto projects.

Since there is still a lot of confusion about MiCA’s rules and their impact on crypto projects (be it CeFi, DeFi, NFTs etc.) and I received a lot of questions that I unfortunately can't answer all, I wrote an in-depth "MiCA Primer" about everything you need to know now - from MiCA’s origins, goals, rules for token issuers or crypto asset service providers to my thoughts on its implications for the industry in the EU and globally.

I hope this is helpful. Feel free to ask any other questions in the comments, and let me know if you disagree.

And last but not least: It’s spoken “mee-kaa” :P
https://t.co/P4YwUHoUd1

[Patrick Hansen @paddi_hansen]

MiCA, the landmark EU crypto regulation, officially passed the plenary of the EU Parliament 🇪🇺
-517 MEPs voted in favor
-38 against
-18 abstentions

Next steps
-final formal vote in the Council of the EU (EU member states) on May 16
-MiCA publication in the Official journal of the EU 20 days after that
-Entry into application in June 2024 for stablecoin issuers, in December 2024 for everything else (crypto-asset service providers etc.)

I'll share an in-depth overview of MiCA's rules and implications later today.

Btw: The TFR (AML travel rules for crypto) also passed (529 in favor, 29 against).