The end of Bitcoin mining gaslighting in mainstream media
Litmaps, a powerful research tracking tool, reveals that patient zero for all junk science on Bitcoin's environmental impact was a single 6 page "commentary" by Alex de Vries. (A commentary in the context of an academic journal means a short opinion piece that does not to go through a full peer-review process and which does not use novel empirical data).
The method he used to claim that Bitcoin's environmental damage was a growing concern was his fundamentally flawed "energy use per transactions" method (Bitcoin energy use does not come from its transactions, therefore it can scale transaction volume exponentially without increasing emissions).
de Vries' metric was later debunked in no fewer than 4 separate academic journals as part of full length academic papers.
*Masanet et al 2019
https://t.co/6Kk4EmypRm
*Dittmar et al. 2019
https://t.co/948te7h6Y7
*Sedlmeir et al, 2020
https://t.co/7AU2k67OL2
*Sai and Vraken 2023
https://t.co/0wQFRaT3ZQ
The entire body of de Vries' work was systematically debunked by Sai and Vranken in late 2023
source: https://t.co/0wQFRaT3ZQ
Immediately after Sai & Vranken's study, all mainstream media outlets stopped covering de Vries' Bitcoin "research"
In fact, 22 mainstream media outlets have now flipped to covering Bitcoin's environmental benefits (source: https://t.co/m7TgyYf36w) which have been well established in 24 peer reviewed full length academic studies. (source: https://t.co/n6UsVuXtc7)
A further 15 sustainability media outlets are now also covering Bitcoin mining's environmental benefits:
source: https://t.co/n6UsVuXtc7
But just as years after the myth "all fats cause cholesterol" was debunked, many people are still unaware of the science, the same is true of Bitcoin mining
In both cases, the population was misinformed over many years. As a result, many people are still unaware that the contemporary academic literature, case studies and grid operators themselves all overwhelmingly support Bitcoin mining's environmental benefits
source: https://t.co/TgsH8m4fAj
It is only a matter of time before policymakers, regulators, political leaders and investment committees catch up.
Once they do we will see mainstream adoption of Bitcoin, and mainstream adoption of Bitcoin mining as part of climate action (aka: what the peer reviewed research tells us it is)
source: https://t.co/ORlWeHfE6X
While many media outlets are now objectively commenting on Bitcoin, others (Financial Times, The Economist, Verge, Wired, New Scientist) have simply pivoted to changing the type of Bitcoin misinformation they publish.
"Bitcoin wastes energy!"
In Finland, Bitcoin mining is actually replacing oil and gas heating.
I investigated these secretive projects... and I was amazed.
Not only do miners warm these snowy towns but they also balance the energy grid 🤯
Watch and see for yourself:
Feeling generous to start the new year, so we loaded up a fresh wallet and decided to give it away.
🎁 $2,026 in BTC to one winner
🧡 Like this post and follow @Gemini
✅ Winner selected January 2
BBC News reports from a remote community of 15,000 people in the far north-western tip of Zambia relying on hydroelectric power, “The bitcoin mine now accounts for around 30% of the plant's revenue allowing them to keep the prices down for the local town”
0/7
Waited 34 months for this moment!
In March '22 I said that Bitcoin mining helps avoid expensive grid upgrades and decarbonize grids, a lot of non-Bitcoiners were skeptical
Now, a Duke University Report confirms all this and more
https://t.co/JsoUB5cBFz
Report TL;DR
👇
Bitcoin mining on landfills remains one of the most outrageously net positive things you can do for the environment.
We're still looking for more landfill sites that are currently venting (not flaring), and are unable to sell power to the grid.
The media, governments, and the establishment continue to say Bitcoin is useless
Unfortunately for them, I packed my Nashville keynote with dozens of specific Bitcoin use cases from across the world in the areas of commerce, freedom, and energy
No price talk, all utility ✌️
JUST IN: The Bitcoin Standard author Saifedean Ammous went on CNBC to educate them on #Bitcoin 👀
"Bitcoin is a money than can not be inflated, there's only going to be 21 million, that's it." 🚀
Il mining di #Bitcoin è già oggi l'industria più green al mondo: come è possibile?
La spiegazione di @Rikki6ixx, co-host del @bip_show, a #EsploriamoBitcoin, in onda sul gruppo Mediapason.
Link alla puntata integrale nel primo commento.
Been waiting 2 years for this data:
Peer reviewed evidence that when a solar farm uses Bitcoin mining, they achieve ROI more than twice as fast.
ie: Failure to use Bitcoin mining has slowed the renewable transition
source: https://t.co/RGsIe6z75Z
Details in linked tweet
👇
Bitcoin ha permesso la riattivazione e la costruzione di centrali idroelettriche: come ha fatto?
La spiegazione di Francesco Buffa, Ceo di @alpsblockchain, a #EsploriamoBitcoin, in onda sul gruppo Mediapason.
Link alla puntata integrale nel primo commento.
Bitcoin è più di una tecnologia: economisti, informatici, comunicatori, politici… tutti possono contribuire alla crescita di un sistema che difende la libertà e cambia le regole del gioco. 💪 @VillaggioBTC
At the Bitcoin Amsterdam conference, I was asked
"How best to respond to the 'Bitcoin uses too much energy' attack vector?"
I outlined 5 simple talking points that any Bitcoiner can use to snap this absurd yet pervasive attack arrow in two.
Per capire l'importanza di una soluzione serve prima comprendere la natura del problema. Nel caso di #Bitcoin il problema si chiama sistema finanziario tradizionale. Quindi, si parte da qui.
Ecco a voi la prima puntata di #EsploriamoBitcoin in versione integrale.
This chart says:
1. The volume of reporting on Bitcoin and Energy in the media has significantly decreased
2. The remaining reporting is now predominantly positive.
Chart: @BTCPerception
Sometimes I make an asset class return chart specifically to show how poorly bonds performed over the past 5 years or whatever random timeframe, and instead it just accidentally shows how dramatically bitcoin outperformed everything.