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Is "Green Bitcoin" A Good Idea?
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In this video, I discuss how "green Bitcoin" and how seeking to attach ESG tags to Bitcoin UTXO's is an attack vector from the fiat establishment.
Kowtowing to regulators over Bitcoin mining will never work in the long-term. Once you are able to prove to them that your Bitcoin has been mined using only renewable energy, they will move the goal posts and say that Bitcoin mining still needs to be banned, because it using ANY energy at all is a waste of energy.
Seeking to determine what is green Bitcoin and what is not is clearly an attack vector. It's just another attempt, made by people who fly on polluting private jets, to seek to control Bitcoin and Bitcoiners.
Once you agree to their framing of the problem, you have already lost the fight. For this reason, it is probably best not to engage in these discussions with our fiat overlords. Tell them to go fiat themselves.
Forget about being green; try to be more orange.
Orange is the new green. A Bitcoin standard will help to solve the many, many problems that have been caused by the fiat standard. "Fix the money, fix the world."
Not investment advice! Consult a financial advisor.
Does Bitcoin Waste Energy?
https://www.youtube.com/watch?v=xxmNkFhsAHE&ab_channel=TraderUniversity
Bitcoin and the environment:
https://global-uploads.webflow.com/61d2416d1d63f07ecbfd010c/6269b2b0f7583e175cce2464_Key%20Facts%20on%20Bitcoin%20_%20the%20Environment-03%20_1_%20_1_%20_1_%20_1_%20(2).pdf
Fact-checking Bitcoin energy FUD:
https://global-uploads.webflow.com/61d2416d1d63f07ecbfd010c/61e06fd0387be5288a07d9d6_Climate%20Organizaions%20Crypto%20Letter-01-13-01.pdf
Billionaires trying to control Bitcoin through ESG:
https://www.coindesk.com/business/2021/05/24/kevin-oleary-doubles-down-on-green-bitcoin/
https://www.bloomberg.com/news/articles/2022-03-29/greenpeace-crypto-billionaire-lobby-to-change-bitcoin-s-code
Chris Larsen has his own problems:
https://www.sec.gov/news/press-release/2020-338
EU regulator wants to ban energy-intensive bitcoin mining:
https://nypost.com/2022/01/19/eu-regulator-wants-ban-on-energy-intensive-bitcoin-mining/
WEF partners:
https://www.weforum.org/organizations/mcdonalds-corporation
https://www.weforum.org/organizations/starbucks-coffee
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https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#BitcoinMining
#ESG
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Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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