Are you very surprised? This is business as usual, the EU putting obstacles to innovation and more with the Bitcoin that in principle was created as an alternative currency.
There is a reason why companies like Google or Amazon emerged in the USA and not in the EU. If any European entrepreneur had thought of doing something similar to Amazon, they would have been drowned in taxes and regulations and as soon as their plan was clear, they would have put all the obstacles in the world to supposedly protect the workers of Tesco (UK was in the EU before) and Carrefour.
With Bitcoin and cryptocurrencies more of the same. Legislation is aimed at stifling business instead of promoting it. In this case of mining we have the environmentalist assumption so many times dismantled, but I am not surprised in this global context.
Topic: D. Batten's call against the European Commission's flawed environmental narrativ (Read 60 times)
December 06, 2023, 12:02:47 AM
December 05, 2023, 11:39:12 AM
It's not in my habits to post in the English-speaking part of the forum, nor is it to repost things from Twitter on Bitcointalk, so all my apologies if this is considered inappropriate, I'll delete it if asked to. Just that I think this might need some visibility. I don't know if it may help to stop the spreading of fake news among regulators (Brandolini's law is real), but if we don't even try, then it means they've won.
https://x.com/DSBatten/status/1731806907860758612?s=20
(PS. I know regulators can't ban Bitcoin. It's a little more subtle than that.)
https://x.com/DSBatten/status/1731806907860758612?s=20
Plebs, Bitcoin miners, human rights defenders unite!
The European Commission (EC) is about to take a draconian and unscientific stance towards Bitcoin that can not only pave the way for an EU mining ban, but could have far-reaching consequences for the entire global Bitcoin community.
Context:
The EC is developing a methodology to calculate and mitigate the environmental impact of Bitcoin.
It includes a proposal to measure all crypto-assets resource consumption "per transaction", and only evaluates the negative impact of Bitcoin using a suite of suite of reports that have ben financially backed by Central Banks and Ripple Corporation
This is a nonsense metric that was been previously debunked by Cambridge University in 2018.
The fact that the EC have ignored both the science, and the sea-change in the Bitcoin ESG narrative this year shows that their intentions have nothing to do with sustainability, and everything to do with protecting intrenched interests who could be disrupted by Bitcoin.
If the EC wins, BTC will be officially labelled "an environmentally harmful asset that undermines sustainability goals for the EU"
It will also enshrine the ECs right to use bogus-metrics to evaluate environmental impact, while ignoring quality peer-reviewed research showing the positive environmental externalities of Bitcoin.
They will then promote this standards/labelling globally.
What can you do?
* Send a draft of 1-5 pages to @jardemalie
or @lyudakozlovska
using succinct objective language and evidence, by THIS FRIDAY 7 DEC or email [email protected]
In your submission, highlight:
✅why and how Bitcoin can be a net-benefit to the environment
✅point out that a framework which only evaluate only negative externalities of a technology is incomplete, unobjective/ unscientific
✅cite high quality references
Show examples of how Bitcoin mining can help meet the EUs sustainability goals (for example: WOSTP has already written that "vented methane based crypto-asset mining is more likely to help than hinder the US Govts climate objectives")
❌DO NOT "it's energy use is justified because", "Other assets use more energy", or debating whether climate change is occurring or use language that personally attacks any one
✅DO highlight that every technology initially has a carbon footprint, use evidence to show that emissions are not increasing and that there is a realistic chance Bitcoin can become the first industry to fully mitigate emissions without offsets, point out known limitations in current models, use your own examples of Bitcoin's positive environmental impact that are less known
✅Retweet this message, and mobilize other honeybadgers
Currently, the EU relies on reports like this:
https://greenpeace.org/usa/wp-content/uploads/2023/07/Bitcoin-Final.pdf
Counter these claims, showing evidence of where they are provably false, misleading due to missing context, inaccurate, or no-longer-true
Now is the time to channel your time, passion, and brain into defending freedom. We do not have the resources, the entrenched powers, the ability to spread FUD widely through mainstream news channels that the opponents of Bitcoin do. We don't agree on everything as Bitcoiners.
But we all agree on one thing: that is the need for a global currency together with global mining that cannot be centrally controlled, attacked, manipulated and suppressed.
Today's the day to fight for the continuation of that freedom
* Original EU Report on Bitcoin which contains ample examples of statements you can rebut
https://europarl.europa.eu/RegData/etudes/STUD/2023/740083/IPOL_STU(2023)740083_EN.pdf
Here's some examples of
1. Evidence of bias in mainstream bitcoin environmental impact reporting
https://batcoinz.com/a-tale-of-two-articles/
2. Positive benefits of Bitcoin mining
Water security: https://batcoinz.com/how-bitcoin-can-help-nations-out-of-water-scarcity/
3. Limitations in current models of Bitcoin environmental impact
https://batcoinz.com/the-bitcoin-facts-that-every-esg-investment-committee-should-know/
4. How to do an evidenced-based rebuttal
https://batcoinz.com/rebuttal-of-greenpeacusa-report-on-bitcoin/
5. Contextualized data that challenges existing and incomplete models with known limitations
https://batcoinz.com/comparing-bitcoin-mining-to-other-industries-energy-mix/
https://batcoinz.com/accurately-dynamically-calculating-bitcoin-network-emissions/
6. How Bitcoin helps Methane Mitigation
https://batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
7. A more up-to-date model than Cambridges' (also the one that Bloomberg Intelligence now use instead of Cambridge's model which is both incomplete and 23 months out of date )
https://batcoinz.com/beest/
Why are you still reading this tweet - turn off X and other notifications, and start writing!!!
The European Commission (EC) is about to take a draconian and unscientific stance towards Bitcoin that can not only pave the way for an EU mining ban, but could have far-reaching consequences for the entire global Bitcoin community.
Context:
The EC is developing a methodology to calculate and mitigate the environmental impact of Bitcoin.
It includes a proposal to measure all crypto-assets resource consumption "per transaction", and only evaluates the negative impact of Bitcoin using a suite of suite of reports that have ben financially backed by Central Banks and Ripple Corporation
This is a nonsense metric that was been previously debunked by Cambridge University in 2018.
The fact that the EC have ignored both the science, and the sea-change in the Bitcoin ESG narrative this year shows that their intentions have nothing to do with sustainability, and everything to do with protecting intrenched interests who could be disrupted by Bitcoin.
If the EC wins, BTC will be officially labelled "an environmentally harmful asset that undermines sustainability goals for the EU"
It will also enshrine the ECs right to use bogus-metrics to evaluate environmental impact, while ignoring quality peer-reviewed research showing the positive environmental externalities of Bitcoin.
They will then promote this standards/labelling globally.
What can you do?
* Send a draft of 1-5 pages to @jardemalie
or @lyudakozlovska
using succinct objective language and evidence, by THIS FRIDAY 7 DEC or email [email protected]
In your submission, highlight:
✅why and how Bitcoin can be a net-benefit to the environment
✅point out that a framework which only evaluate only negative externalities of a technology is incomplete, unobjective/ unscientific
✅cite high quality references
Show examples of how Bitcoin mining can help meet the EUs sustainability goals (for example: WOSTP has already written that "vented methane based crypto-asset mining is more likely to help than hinder the US Govts climate objectives")
❌DO NOT "it's energy use is justified because", "Other assets use more energy", or debating whether climate change is occurring or use language that personally attacks any one
✅DO highlight that every technology initially has a carbon footprint, use evidence to show that emissions are not increasing and that there is a realistic chance Bitcoin can become the first industry to fully mitigate emissions without offsets, point out known limitations in current models, use your own examples of Bitcoin's positive environmental impact that are less known
✅Retweet this message, and mobilize other honeybadgers
Currently, the EU relies on reports like this:
https://greenpeace.org/usa/wp-content/uploads/2023/07/Bitcoin-Final.pdf
Counter these claims, showing evidence of where they are provably false, misleading due to missing context, inaccurate, or no-longer-true
Now is the time to channel your time, passion, and brain into defending freedom. We do not have the resources, the entrenched powers, the ability to spread FUD widely through mainstream news channels that the opponents of Bitcoin do. We don't agree on everything as Bitcoiners.
But we all agree on one thing: that is the need for a global currency together with global mining that cannot be centrally controlled, attacked, manipulated and suppressed.
Today's the day to fight for the continuation of that freedom
* Original EU Report on Bitcoin which contains ample examples of statements you can rebut
https://europarl.europa.eu/RegData/etudes/STUD/2023/740083/IPOL_STU(2023)740083_EN.pdf
Here's some examples of
1. Evidence of bias in mainstream bitcoin environmental impact reporting
https://batcoinz.com/a-tale-of-two-articles/
2. Positive benefits of Bitcoin mining
Water security: https://batcoinz.com/how-bitcoin-can-help-nations-out-of-water-scarcity/
3. Limitations in current models of Bitcoin environmental impact
https://batcoinz.com/the-bitcoin-facts-that-every-esg-investment-committee-should-know/
4. How to do an evidenced-based rebuttal
https://batcoinz.com/rebuttal-of-greenpeacusa-report-on-bitcoin/
5. Contextualized data that challenges existing and incomplete models with known limitations
https://batcoinz.com/comparing-bitcoin-mining-to-other-industries-energy-mix/
https://batcoinz.com/accurately-dynamically-calculating-bitcoin-network-emissions/
6. How Bitcoin helps Methane Mitigation
https://batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
7. A more up-to-date model than Cambridges' (also the one that Bloomberg Intelligence now use instead of Cambridge's model which is both incomplete and 23 months out of date )
https://batcoinz.com/beest/
Why are you still reading this tweet - turn off X and other notifications, and start writing!!!
(PS. I know regulators can't ban Bitcoin. It's a little more subtle than that.)
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