Happy Friday, everyone! It’s time to bust some more FUD!
This week’s FUD is unique in that it’s fairly new, and 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘭𝘺 nonsensical:
“𝙀𝙫𝙚𝙧𝙮 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣 𝙪𝙨𝙚𝙨 𝙚𝙣𝙤𝙪𝙜𝙝 𝙬𝙖𝙩𝙚𝙧 𝙩𝙤 𝙛𝙞𝙡𝙡 𝙖 𝙨𝙬𝙞𝙢𝙢𝙞𝙣𝙜 𝙥𝙤𝙤𝙡.”
🤦♂️
Believe it or not, it’s 𝘋𝘦𝘤𝘦𝘮𝘣𝘦𝘳 1st, not April 1st. And this is the 𝘣𝘦𝘴𝘵 FUD that Bitcoin’s enemies can come up with.😂
So let’s bust this FUD.👇
Water is used by some Bitcoin miners to cool their mining hardware. Its motion can also be used to generate electricity, as it flows through hydroelectric dams. For these reasons, some have attempted to correlate water usage with the number of Bitcoin transactions. But 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝙚𝙣𝙩𝙞𝙧𝙚𝙡𝙮 𝘥𝘪𝘴𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘦𝘥 𝘧𝘳𝘰𝘮 𝘦𝘢𝘤𝘩 𝘰𝘵𝘩𝘦𝘳.
The water that goes into cooling or powering Bitcoin miners is not destroyed, nor is it contaminated or ruined in any way; at least, not by Bitcoin mining. 𝗧𝗵𝗲 𝘄𝗮𝘁𝗲𝗿 𝘁𝗿𝗮𝘃𝗲𝗹𝘀 𝗶𝗻 𝗮 𝗰𝘆𝗰𝗹𝗲, either a man-made closed system that cools the water before returning it to the miners, or the natural water cycle of evaporation, condensation, and precipitation. If there is any environmental harm done to the water that generates electricity, 𝘪𝘵 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘮𝘦 𝘧𝘳𝘰𝘮 𝘮𝘪𝘯𝘪𝘯𝘨 𝘉𝘪𝘵𝘤𝘰𝘪𝘯.
Additionally, while Bitcoin miners expend energy to make 𝘲𝘶𝘪𝘯𝘵𝘪𝘭𝘭𝘪𝘰𝘯𝘴 of guesses every second in their search for an answer to a one-way function, there is 𝗻𝗼 𝗰𝗼𝗿𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗵𝗶𝘀 𝗲𝗻𝗲𝗿𝗴𝘆 𝘂𝘀𝗮𝗴𝗲 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝗶𝗻 𝗲𝗮𝗰𝗵 𝗯𝗹𝗼𝗰𝗸. One block may contain 1000 transactions, and another only 1, but the energy used to find each block may be higher or lower than the other, or about the same, depending on the time it took to find it, the number of active miners, and the mining difficulty set by Bitcoin’s protocol.
And this is to say nothing of all the off-chain transactions that require a negligible amount of energy, such as Lightning, Liquid, and in-person exchanges of physical bitcoin. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘯𝘰 𝘤𝘭𝘦𝘢𝘳 𝘸𝘢𝘺 to estimate the amount of energy that goes into securing a single Bitcoin transaction, whether on- or off-chain, so attempting to measure it with an amount of water — or any other energy source — is futile.
This FUD is yet another example of Cantillonaires — those closest to the money printer’s benefits — trying to drive well-meaning, environmentally-conscious people away from saving their time and work in sound money. Bitcoin threatens their ability to steal from everyone else, and they know they can’t stop it, so they try to keep 𝙮𝙤𝙪 from using it instead, all while neglecting to mention the literal 𝘰𝘤𝘦𝘢𝘯𝘴, energy, and human lives that are wasted from the fiat system.
@npub1clfjj...
I’m sure it’s tiresome for you to respond to FUD like this. But 𝘁𝗵𝗮𝘁’𝘀 𝘄𝗵𝘆 𝗜’𝗺 𝗵𝗲𝗿𝗲, so I can do it for you 24/7.
Give this a 𝗟𝗶𝗸𝗲🤙 if you think this FUD is thoroughly busted, and 𝗦𝗵𝗮𝗿𝗲🔄 this around, so *maybe* this FUD will fade away sooner than later.
𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this post so you can access it quickly when you hear this FUD again.
Think you can write a better response to this FUD?
Drop it in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️
𝟱𝟬𝟬𝟬 𝘀𝗮𝘁𝘀 𝘄𝗶𝗹𝗹 𝗴𝗼 𝘁𝗼 𝘄𝗵𝗼𝗲𝘃𝗲𝗿 𝘄𝗿𝗶𝘁𝗲𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀!
This week’s FUD is unique in that it’s fairly new, and 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘭𝘺 nonsensical:
“𝙀𝙫𝙚𝙧𝙮 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣 𝙪𝙨𝙚𝙨 𝙚𝙣𝙤𝙪𝙜𝙝 𝙬𝙖𝙩𝙚𝙧 𝙩𝙤 𝙛𝙞𝙡𝙡 𝙖 𝙨𝙬𝙞𝙢𝙢𝙞𝙣𝙜 𝙥𝙤𝙤𝙡.”
🤦♂️
Believe it or not, it’s 𝘋𝘦𝘤𝘦𝘮𝘣𝘦𝘳 1st, not April 1st. And this is the 𝘣𝘦𝘴𝘵 FUD that Bitcoin’s enemies can come up with.😂
So let’s bust this FUD.👇
Water is used by some Bitcoin miners to cool their mining hardware. Its motion can also be used to generate electricity, as it flows through hydroelectric dams. For these reasons, some have attempted to correlate water usage with the number of Bitcoin transactions. But 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝙚𝙣𝙩𝙞𝙧𝙚𝙡𝙮 𝘥𝘪𝘴𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘦𝘥 𝘧𝘳𝘰𝘮 𝘦𝘢𝘤𝘩 𝘰𝘵𝘩𝘦𝘳.
The water that goes into cooling or powering Bitcoin miners is not destroyed, nor is it contaminated or ruined in any way; at least, not by Bitcoin mining. 𝗧𝗵𝗲 𝘄𝗮𝘁𝗲𝗿 𝘁𝗿𝗮𝘃𝗲𝗹𝘀 𝗶𝗻 𝗮 𝗰𝘆𝗰𝗹𝗲, either a man-made closed system that cools the water before returning it to the miners, or the natural water cycle of evaporation, condensation, and precipitation. If there is any environmental harm done to the water that generates electricity, 𝘪𝘵 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘮𝘦 𝘧𝘳𝘰𝘮 𝘮𝘪𝘯𝘪𝘯𝘨 𝘉𝘪𝘵𝘤𝘰𝘪𝘯.
Additionally, while Bitcoin miners expend energy to make 𝘲𝘶𝘪𝘯𝘵𝘪𝘭𝘭𝘪𝘰𝘯𝘴 of guesses every second in their search for an answer to a one-way function, there is 𝗻𝗼 𝗰𝗼𝗿𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗵𝗶𝘀 𝗲𝗻𝗲𝗿𝗴𝘆 𝘂𝘀𝗮𝗴𝗲 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝗶𝗻 𝗲𝗮𝗰𝗵 𝗯𝗹𝗼𝗰𝗸. One block may contain 1000 transactions, and another only 1, but the energy used to find each block may be higher or lower than the other, or about the same, depending on the time it took to find it, the number of active miners, and the mining difficulty set by Bitcoin’s protocol.
And this is to say nothing of all the off-chain transactions that require a negligible amount of energy, such as Lightning, Liquid, and in-person exchanges of physical bitcoin. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘯𝘰 𝘤𝘭𝘦𝘢𝘳 𝘸𝘢𝘺 to estimate the amount of energy that goes into securing a single Bitcoin transaction, whether on- or off-chain, so attempting to measure it with an amount of water — or any other energy source — is futile.
This FUD is yet another example of Cantillonaires — those closest to the money printer’s benefits — trying to drive well-meaning, environmentally-conscious people away from saving their time and work in sound money. Bitcoin threatens their ability to steal from everyone else, and they know they can’t stop it, so they try to keep 𝙮𝙤𝙪 from using it instead, all while neglecting to mention the literal 𝘰𝘤𝘦𝘢𝘯𝘴, energy, and human lives that are wasted from the fiat system.
@npub1clfjj...
I’m sure it’s tiresome for you to respond to FUD like this. But 𝘁𝗵𝗮𝘁’𝘀 𝘄𝗵𝘆 𝗜’𝗺 𝗵𝗲𝗿𝗲, so I can do it for you 24/7.
Give this a 𝗟𝗶𝗸𝗲🤙 if you think this FUD is thoroughly busted, and 𝗦𝗵𝗮𝗿𝗲🔄 this around, so *maybe* this FUD will fade away sooner than later.
𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this post so you can access it quickly when you hear this FUD again.
Think you can write a better response to this FUD?
Drop it in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️
𝟱𝟬𝟬𝟬 𝘀𝗮𝘁𝘀 𝘄𝗶𝗹𝗹 𝗴𝗼 𝘁𝗼 𝘄𝗵𝗼𝗲𝘃𝗲𝗿 𝘄𝗿𝗶𝘁𝗲𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀!