QuentinBirugah 💀

#Bitcoin

[QuentinBirugah 💀 @BitcoinQuentin]

@TFTC21 can it also heat?

[QuentinBirugah 💀 @BitcoinQuentin]

@bradmillscan nice, thats awesome!

[QuentinBirugah 💀 @BitcoinQuentin]

@notgrubles I saved a 2 chairs from last bull market, time to eat floor-ramen again

[calle @callebtc]

Huge milestone for Cashu.

After 3 years of work, we finally have unruggable mints.

I'm testing the first on-chain Cashu mint running inside a Trusted Execution Environment (TEE), where the mint keys are generated entirely within the enclave and remain unknown to the operator.

That means the operator cannot inflate the ecash supply and cannot access the Bitcoin reserves backing it.

We've moved from trusting operators to relying on hardware-enforced cryptographic guarantees.

There's still work to do, but the path forward is clear. This is an incredibly exciting step toward trust-minimized ecash.

[QuentinBirugah 💀 @BitcoinQuentin]

@LynAldenContact A majority of people will only then turn to Bitcoin when all the other convenient choices are either not available or they are fearful of the other choices that they see Bitcoin as the lesser evil. So either Bitcoin has to evolve or something really bad has to happen first.

[QuentinBirugah 💀 @BitcoinQuentin]

@DRTWITER @LawrenceLepard Nah, this looks totally normal 🤣

[Bitcoin News @BitcoinNewsCom]

The feeling when you print 40% of all dollars in existence and your term ends before the bubble pops.

[jack @jack]

we want bitcoin to be everyday money asap

[International Cyber Digest @IntCyberDigest]

THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs
THEY ARE GOING TO BAN VPNs

[QuentinBirugah 💀 @BitcoinQuentin]

@SaniExp How much did he sell?

[QuentinBirugah 💀 @BitcoinQuentin]

@robin_linus @adam3us Just name it Pokemon, people seem to love those

[QuentinBirugah 💀 @BitcoinQuentin]

@MajorianBTC Isn't that his shit stock that already is down 99.9%.... yet?

[QuentinBirugah 💀 @BitcoinQuentin]

@TFTC21 k bye

[₿ased UTXO⚡️ ∞/21M @BasedUTXO]

@apruden08 @CraigGidney @robin_linus So Robin was correct the whole time. Noted.

[Troy Cross @thetrocro]

There's no problem here.

This is the transition that AI needs and miners needed too.

Mining will continue wherever there's waste. Wherever there's a need for heat + expensive gas + cheap electricity, mining will flourish.

There WAS a problem, mostly caused by the fiat side. This is a return to sanity.

Bitcoin mining is not an apex predator of energy. It's a bottom feeder.

[Lyn Alden @LynAldenContact]

@jonstewart Big fan of your work Jon, for like 20 years.

But you could find better guests on this topic. More nuanced.

[QuentinBirugah 💀 @BitcoinQuentin]

@Erikcason

[QuentinBirugah 💀 @BitcoinQuentin]

@21energy_com

[BitMEX Research @BitMEXResearch]

https://t.co/SBWHP7Ceth

[Daniel Batten @DSBatten]

An open letter to @ProfSteveKeen regarding your recent comments about Bitcoin and Bitcoin mining.

Respectfully, I have listened to your comments on Bitcoin mining and it is very clear that you have no understanding of how Bitcoin mining works.

This is not a hill you I believe you should be seeing your reputation die on.

Specifically it is very clear that you have no understanding that it is a flexible user of energy that does not rival other energy users for its power, no understanding of the well established ability Bitcoin mining uniquely has to monetize otherwise wasted renewable energy, no understanding of how Bitcoin mining obviates gas peaker plants, and no understanding of the unique role Bitcoin mining is playing in methane mitigation.

You also appear not to understand that these facts are not some pot pouri of greenwashing claims from "Bitcoin supporters" looking to defend their assetclass but datapoints that have been repeatedly established in 24 peer reviewed journals, and 8 independent reports (including Cambridge University)

Your characterization of Bitcoin supporters as not understanding the interrelationship between global warming and energy dynamics is as patronizing as it is a reconfirmation of your own lack of research, given there are a number of committed environmentalists, climatetech investors and climate scientists who are avid supporters of Bitcoin mining precisely because it already can and is incentivizing renewable energy transition and methane mitigation at scale.

You also appear ignorant of the fact that the first generation research on Bitcoin mining that suggested environmental harm was debunked in peer reviewed study in 2023 and that is why the media has not quoted this study since.

Finally your contention that Bitcoin is "going to zero" because mining will become unprofitable shows again an appalling lack of basic understanding of the economics of Bitcoin mining.

Bitcoin mining companies are able to earn ancillary revenue through any number of means, they may be vertically integrated, they may mine using last-gen machines on stranded solar/wind, they may mine offgrid on otherwise wasted power sources such as landfills of oil&gas fields, they may be nation states such as Bhutan using Bitcoin mining on their otherwise surplus hydro energy.

These unique abilities of Bitcoin miners mean that far from being at risk, Bitcoin mining is by far the most resilience industry in the face of rising energy prices. The mere fact that Bitcoin mining exists and is growing in EU despite already very high energy prices is proof of Bitcoin miners' resilience to rising energy costs that affect other industries far more.

Your opposition to Bitcoin, and Bitcoin mining, appears more motivated by regret aversion, a well documented psychological phenomenon where someone who "misses out" rationalizes that "there was nothing to miss out on" rather than engage in genuine intellectual curiosity and humility by revisiting their decision, and this is leading you to invest an inordinately large amount of time dismissing a technology you have made an inordinately small amount of time trying to understand.

When someone of your standing in the field of economics talks so dismissively about a domain they have spent so little time seeking to understand, it does not weaken that domain, rather it weakened
1. your reputation
2. people's general trust in economists
3. the extend to which we esteem people in society with the title "professor"

If you want to continue to erode the reputation of all three, you are welcome to do so. Bitcoin does not care. Bitcoin miners will continue to stabilize grids, monetize wasted renewable energy, mitigate methane, obviate the need for gas peaker plants with or without you.

But if you ever decide to re-allocate a small fraction of the hours you have spend dismissing Bitcoin mining into understanding how the technology works that you are dismissing, I would be more than happy to connect you to any number of utilities, renewable energy experts, methane mitigation specialists, climate scientists, climatetech investors or battery engineers who can explain to you why Bitcoin is an essential part of solving the exact issues you claim to care about.

Daniel Batten
Environmentalist, Climatetech investor, Bitcoin mining analyst