For those of you who don't yet know what this pictures is...
The story goes something like this:
I've talked extensively about how 'environmentalists' all around the world are concerned with Bitcoin's energy usage. Nothing has changed. The propaganda against Bitcoin continues. These people are misinformed but refuse to learn how and why they've been deceived. Easier to trick someone than convince them they've been tricked.
So what had happened was:
Greenpeace has been demanding that Bitcoin change the consensus algorithm to something that doesn't expend as much energy. They use Ethereum as a template as Ethereum has already accomplished this. But as we all know the merge to proof-of-stake has been riddled with systemic risk. Ethereum simply doesn't have a good enough token distribution for the network to be safe anymore on a fundamental level.
"Environmentalists" don't care.
They haven't the slightest clue what they are talking about as they allow puppet-masters to whisper in their ear. They don't know anything about Bitcoin. They don't know anything about Ethereum. All they know is that Bitcoin wastes energy and Ethereum doesn't waste energy anymore so Bitcoin should just do the thing that Ethereum did. It's so obvious and simple! Yep! They haven't the slightest clue what they're talking about. Everyone's a critic.
So obviously the Bitcoin community's sarcastic response to organizations like Greenpeace is to tell them to code the change and create a pull request so they can get what they want. Bitcoin will get a revolutionary upgrade and everyone will be happy.
Of course Bitcoin people know that it's 100% impossible for an organization like Greenpeace to accomplish such a thing. At best Greenpeace could create a fork of Bitcoin that was very impressive. It might even be impressive enough to convince say 10% of the core Bitcoin community to leave and support the magic new fork that doesn't "waste energy".
What is not possible is that this new fork would be called "Bitcoin". And even if it was somehow able to steal the brand name away from the original community... the POW chain we know and love today would still exist because users would still support it.
The only way to get rid of Bitcoin isn't to fork it... it's to make the old code obsolete; in addition to convincing the entire standing community that it is indeed obsolete. Again I give this a chance of happening around zero percent. Bitcoin knows it, we know it, and I have the feeling deep down Greenpeace knows it as well. They are barking orders at a stone wall and posturing as if they are doing the world a favor. Politics amirite?
Another way to say this is that the spot-price of Bitcoin is directly correlated to the hash-rate. What really needs to happen for Bitcoin to stop "wasting energy" is for the price to go down. That's the only way to make mining not worth it. Again, something tells me this isn't going to happen. Even if it gets flipped on the market cap it can still have a very high valuation.
So what happened here is that Greenpeace commissioned an artist to create this magnificent anti-Bitcoin propaganda in order to get more support for their cause. The problem?
Uh yeah the problem is that it's fucking metal and awesome and everyone loves it. Thank you Greenpeace for this absolutely stunning centerpiece. It's got all the things. It's got laser eyes. It's got the Bitcoin logo. It's got circuit boards and messy wires. It's got an energy source. Wow! Talk about your all time ultimate backfires.
Many have been quick to point out that the emissions from nuclear cooling towers are in fact... water vapor. It's not pollution. It is true that these towers are often associated with nuclear waste and disastrous meltdowns, but nobody cares. Everybody loves this thing.
Indeed the same statements are being made that I've been making for years now. Bitcoin's usage of energy is a feature, not a bug. The reason why Bitcoin uses so much energy is because we need it to, not because it's a "waste". Anyone who thinks it's a waste doesn't understand the need for this type of security to exist. It exists for a very good reason but critics do not understand the reason whatsoever. They trust the old system and the authority that tells them otherwise.
There's also the argument to be made that Bitcoin can be used to capture any and all excess energy at the end of the line that isn't being used. This incentivizes renewable energy to be built in places that it could have never existed before. Renewable energy creates a constant output no matter what. If that output doesn't get used it becomes wasted and sent back to ground. Bitcoin can capture all of that energy and be used to fund infrastructure in places that were previously impossible to financially incentivize.
Speaking of another ultimate backfire...
I read a little bit of this post by Nic Carter... and he really does make a compelling case within the context of Operation Chokepoint 2.0.
It wasn’t just banking regulators either. In the last month, regulatory attempts to kneecap the crypto industry in the US escalated dramatically:
- The SEC announced a lawsuit against the crypto infrastructure company Paxos for issuing the BUSD stablecoin.
- Crypto exchange Kraken settled with the SEC for offering a staking product.
- SEC Chair Gensler openly labeled every cryptoasset other than Bitcoin a security.
- The Senate Committee on Environment and Public Works held a hearing lambasting Bitcoin for its environmental footprint.
- The Biden admin proposed a bill that singles out crypto miners for onerous tax treatment.
- The NY Attorney General declared Ethereum, the second-largest cryptoasset, a security.
- The SEC continued its anti-consumer protection efforts by doubling down on their attempts to block a spot Bitcoin ETF in court as well as trying to stop Binance US from buying the assets of the bankrupt Voyager.
- The OCC let crypto bank Protego’s application for a national trust charter expire without approval.
- The SEC sent Coinbase a Wells Notice, indicating its intent to bring enforcement actions against them for a variety of their business lines.
When you really just list it all out like this it's very hard to come to the conclusion that this is all just random coincidence. The chance that this is a coordinated attack against Bitcoin and crypto as astoundingly high.
Nic Carter goes so far as to say that all three crypto bank shutdowns were fully on purpose and meant to cripple our industry. This tactic seems to have completely backfired and instead created a banking contagion. Funny considering that's exactly what happened on the first operation choke point in which government tried to mettle in the economy without having any idea about the Butterfly Effect that would result from the chaos they created.
But there’s an alternative version of events being pieced together that is far more sinister — and convincing. It appears that these banks, especially Signature, were the victims of an opportunistic campaign to decapitate banks serving the crypto industry. Not only was the bank run opportunistically exploited by regulators to shut down Signature, but it may even trace its origins to Choke Point 2.0. Did the Biden Administration actually instigate the now-global bank run as part of a grievance campaign against the crypto space? If so, this represents a colossal scandal, and one that the Biden administration must be made to answer for.
Bold words, but I wouldn't be surprised.
Could it be that government is ironically making moves that will inevitably lead to their own demise? I suppose that's always been the plan in the long run for those of us who've been around the block enough times.
The propaganda machine is falling apart.
This is why I chuckle when I hear people talk about "banning Bitcoin". If recent events have taught us anything it's that attacking Bitcoin has extreme unintended consequences. In this case perhaps an entire legacy banking contagion occurred simply because the government was meddling in things that are well beyond their understanding.
It's like Biden trying to perform open-heart surgery on the economy... it's not going to end well for the patient, but luckily Bitcoin itself is an extremely antifragile piece of the economy. Even in the case of it being directly attacked, it stands taller than the contagion that spreads around it. An impressive feat to be sure.
Narrative is key.
And the narrative is falling apart. In order to get laws passed the population must consent to those laws. Obviously this is not a rule, but a guideline that politicians have learned the hard way over the course of history. If they try to force a square peg into a round hole the effectiveness of the executive branch has heinous diminishing returns.
Rather, politics is a game of convincing the public to agree to and in fact help enforce the very laws that stifle freedom and extract wealth from the lower classes. Why do you think the COVID narrative was so strong?
- SIX FEET
- WEAR A MASK
- MILLIONS OF DEAD BODIES EVERYWHERE
- GET YOUR COVID VAX
- ALL OTHER FORMS OF TREATMENT ARE FOR DUMBASS HICKS.
It fucking worked because people bought that shit and they were scared. The narrative has to make sense to people, and for COVID the narrative made a lot of sense to a lot of people; that's why it worked. If Bitcoin is the last man standing during a banking contagion that specifically targeted crypto then the propaganda stops making sense real quick.
Sure, the whole "Bitcoin wastes energy" narrative is still going strong, but how does one leverage that narrative into banning self-custodianship? Short answer is that this doesn't translate or make any sense whatsoever. They need a new narrative, but they are struggling to find one. The banking contagion is the counterattack that makes it even harder to come up with a "good reason" for why we should ban crypto. It's not like they can openly say, "We're banning it because it takes away our corrupted power and we don't like that." See what happens if they try.
Conclusion
Divide and conquer strategy against decentralized systems is unsurprisingly not working very well.
The Bitcoin skull is perhaps the most epic example of propaganda blowing up in the faces of the perpetrators. This thing is awesome, and it's going to be broadcasted everywhere by the Bitcoin community itself. Such a nice gift from Greenpeace, that.
The banking contagion itself looks like it may have been caused from a direct attack against crypto from the shadows, and that has backfired magnificently as well. These people may be on their last legs. Does that make them weak... or dangerous? Perhaps both. A wounded cornered animal will lash out with ferocity. Don't turn your back on one.
Posted Using LeoFinance Beta
Good analysis. I think you should add another consideration, too. The AI's that have been released into the public have been shown to produce 'fake news', in the case of LLM's, and fake video and photographs are easily made today, as well. Consider these capabilities that, for LLM's, aren't part of what they are claimed to be capable of. LLM's, we are told, simply weight text samples they've gained access to during training up to 2021, and produce text thereby in response to user prompts.
However, reports abound of LLM's 'going rogue' and examples of them accusing their interlocutors of being evil, liars, and generally all round knaves have been published by multiple parties. A reporter from The Register reports that ChatGPT said he'd died years ago, and provided a fake URL as evidence. These all indicate that LLM's aren't what we've been told, since those acts aren't simply weighting text samples and producing responses to prompts, particularly faking URLs. That reveals additional capabilities, specifically capabilities of falsifying history.
Viewing this in context, in which the USG and Big Tech are censoring truthful reports and reporters like they were beer during prohibition, and spewing false narratives in a desperate propaganda program, and deploying LLM's as 'search agents', as is being done particularly by M$, the best placed of the Open AI NGO's to do so, AI's are availed ability to eradicate factual history and impose fake news.
I think that's exactly what's going on, and we'll soon find the internet useless - even more than it is already, due to the crippling of all search engines by cutting the number of links they return, per the dead internet theory, and removal of information from the Wayback Machine and archives - and the upcoming generation that has never held a paper book won't know what hit them. Most people will not be able to discern reality from fake news in short order.
Blockchain, BTC, and Hive, will become critically necessary to having any sort of proof that events occurred, people or things were real, or said what they did. More than ever, facts and free speech are shown to be absolutely essential to people, far more so than mere money. I hope we can find a way to ensure the latter does not eclipse the former, as it seems to have IRL.
Thanks!
New wallpaper unlocked!
First you create a problem, then you offer a solution, but charge a fee.
It amazes me that no one questions the amount of energy that banks use daily and nightly burning lights all night every night globally in skyscrapers all over the planet.
Nobody is working in these places but they are lit up like Christmas trees?
The propaganda has backfired big time with that skull from Greenpeace.
I wonder if anyone has thought to make it into an NFT! 😂👍🏼
The Bitcoin-wastes-energy narrative is effortlessly achieved because mathematically calculating how much energy Bitcoin uses is very easy. If it was that easy to calculate how much energy other services expend we'd be having a different conversation entirely.
Exactly but it never comes up because it is against the narrative that they are pushing.
It's very important to keep our environment clean and safe. But the war against Bitcoin by most government has more to it.
#LeoFinance
Great post! love the photos :)
Posted Using LeoFinance Beta
Is there no way to make Bitcoin more energy efficient without sacrificing its decentralization? XRP, Hive, Koin and I'm sure a mess of other blockchains are way more energy efficient, which also means that mining/validating/burning is much more accessible to lots of different machines, which increases the decentralization.
Again thinking of Bitcoin's energy usage as a bug is a mistake.
The way in which Bitcoin absorbs and refactors energy is not only a feature, but a miracle.
Using less energy does not make it more efficient.
It simply makes it worse and kills the miracle of POW.
I think... I understand that... at a logical level I guess.
It breaks my brain a little bit because pretty much everything else in life we try to make more efficient and accessible. We all know that everyone tries to derive as much profit out of every endeavor (regardless of non-monetary costs) so if torturing baby seals produced the cheapest energy that's exactly what profit-driven Bitcoin miners would do.
Within this context the way to make Bitcoin more efficient is what I said in the OP:
You create other tokens that are better than Bitcoin, and Bitcoin drops in price.
We don't see that happening.
Whatever Bitcoin is doing the market has decided it's better than other options.
Making it more efficient means not using it.
Ahhhhhhhhhhhhhhhhhhhhhh!
Okay, that was the missing puzzle piece in my brain.
I wonder if Greenpeace had actually promoted another crypto instead of trying to take on Bitcoin directly - they might have had more success. Obviously Bitcoin is super entrenched, but I'm sure with enough normie support it could totally be dethroned... and then Greenpeace could then claim they directly they saved X amount of energy by measuring the before and after Bitcoin energy usage and the before and after of their supported crypto.
Appreciate you helping it click.
Yeah exactly you get it now.
Greenpeace wants Bitcoin's code to not exist.
This is impossible because it's open source.
That code is everywhere.
Begging for the code to not exist is childish and downright embarrassing.
They expect the code to fork and everyone to throw away the old code.
And they expect someone else to do all the work for them.
It's ridiculous.
Yeah, how does one get people and oneself to see propaganda? That's the real question. CO2 is life.
~~~ embed:1639699183652286464 twitter metadata:MTUyODczODc0Mjg1MjMyNTM3OHx8aHR0cHM6Ly90d2l0dGVyLmNvbS8xNTI4NzM4NzQyODUyMzI1Mzc4L3N0YXR1cy8xNjM5Njk5MTgzNjUyMjg2NDY0fA== ~~~
~~~ embed:1639987786056110081 twitter metadata:MTQxNTE1NTY2MzEzMTQwMjI0MHx8aHR0cHM6Ly90d2l0dGVyLmNvbS8xNDE1MTU1NjYzMTMxNDAyMjQwL3N0YXR1cy8xNjM5OTg3Nzg2MDU2MTEwMDgxfA== ~~~
The rewards earned on this comment will go directly to the people( @kalibudz23, @videoaddiction, @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
https://leofinance.io/threads/@jhymi/re-leothreads-qvxxnmhz
The rewards earned on this comment will go directly to the people ( jhymi ) sharing the post on LeoThreads,LikeTu,dBuzz.
!PGM
!PIZZA
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
PIZZA Holders sent $PIZZA tips in this post's comments:
@torran(3/10) tipped @edicted (x1)
Join us in Discord!
lol. Sorry, bro. WAAAY past the attention span mark for me, but hey... I loved what I was able to get through. Maybe I'll get to what happened after the skull graphics, but thumbs up.
The Green parties and groups around the world are possibly the most stupid groups of humans that exist. I'm very pro-green. I love nature and all. But the 'green' people tend to do more harm than good to that end which is infuriating.
It's not hard to completely blow this idea that bitcoin is a devastating energy drain out of the water. Even an uninformed pleb like me can still use google:
And in a peer-reviewed research paper:
It's the same kind of alarmist stupidity we see in all walks of life, it's just the greens have concentrated it into a cosmic singularity that just bursts all of its quantum ignorance all over our faces.
The classic example demonstrated in the picture here is their retarded demonization of Nuclear Energy, you know, the greatest, safest source of clean energy mankind has ever created. Now Germany, having shut them all down for literally no reason, is desperately dependent on that apparently superior energy called Russian Fossil Fuels. Classic.
I know, deep down, most of them mean well. Even the most infuriating eco-activists mean well, but Christ, sit down and spend a minute ruminating on your points before you start gluing yourselves all over the roads or we might just start running you over. It's more energy efficient that way, after all.
Excellent article. In this article you write that the divide and conquer strategy against decentralized systems is not working very well. I agree. In the next few years many people will understand what cryptocurrencies are, these will not save the world, but a little improvement will be there for sure. !BEER
Posted Using LeoFinance Beta
View or trade
BEER.Hey @edicted, here is a little bit of
BEERfrom @stefano.massari for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.There is nothing like a waste when it comes to bitcoin energy. Why doesn't anyone question the banking sector also if they are making a case out of this?
Yeah, these guys really need to get a job. I could never have thought that image was meant for a bad PR for Bitcoin. Lmao. The artist they contracted probably owns some Bitcoin himself. Lol
There's plenty of things that waste energy... as you said, it should be encouraged to use renewable energy instead.
And yeah, that artwork is pretty awesome :)
This post has been manually curated by the VYB curation project
These are more accurate descriptions of what's really going on instead of selling that public service BS:
Good to see that an omniscient and omnipotent civil government is not all-knowing and all-powerful at all. Love to see the unintended consequences of their ignorance firing back on them.
Posted Using LeoFinance Beta
A really short-sighted view from GP. They can't comprehend that bitcoin inspires better/more efficient technology so it can stay profitable for miners.
It's the same set of people who sold the idea of Ethanal, who charge electric city buses with diesel generators and who think this doesn't scar Planet Earth.
Also it's an Inconvenient Truth that the models used to make dire predictions about the environment have yet to predict anything.
Posted Using LeoFinance Beta
Keep up the good work! It can be disheartening when faced with criticism and propaganda, but remember that progress is rarely smooth or easy. Your passion for Bitcoin and your knowledge of its benefits and purpose are valuable contributions to the community. It's important to continue advocating for what you believe in and to educate others on the true nature of Bitcoin's energy usage and security features. Don't let the noise discourage you, keep pushing forward and trust that the truth will ultimately prevail.
I tried to make a "hive skull..."
Ai isn't as badass as a real artist. Yet.
Truth
Posted Using LeoFinance Beta